Having recognized the need to identify constraints on growth, a workshop was organized about a year ago to discuss from a financial sector perspective some features of the Thai economy in transition. Our presumption was that, with a clearer picture of the constraints on Thailand's growth prospects, key policy priorities would become more apparent. Now that the government has put on its policy agenda the strategic plan for long-term sustainable growth, it would be worth revisiting the findings and discussions at the workshop to bring out the existing challenges facing the Thai economy.