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. The average growth rate between 1970 and 1990 is fairly high at 6. Although official macroeconomic data before 1970 has not yet been updated, it is widely agreed that Thai economy also enjoyed considerable expansion as early as since 1950s. Among high and steady growth, instabilities did occur, however. Like other countries, Thailand has undergone several economic shocks, most of them were transmitted from outside the country but some emerged from the internal factors. |
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