answersLogoWhite

0


Best Answer

Initially due to loans from the IMF. Unlike many countries in similar positions though, Thailand worked hard at paying off those debts (and did so 6 years or so ago). Thailand has a stable economy, very good GDP (with strong exports) and a good tourist market. Interna;l problems, including a military coo and ousted prime minister during this time, it has managed to stay over all, stable. It has therefore remained a good investment with the SET and Baht rates high. It did not suffer from the collapse of the west's financial sectors in the way many did either and has generally weathered that storm too. There is much speculation internally that the Baht is being held aftificially high by BOT (Bank of Thailand), but in truth the balance sheet seems to support the high rate (it is really the dropping of other currencies such as the US Dollar/UK Pound and EU's Euro - rather than the rise in Baht)

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How did Thailand recovered from the 1997 crisis?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the ratings and certificates for Crisis - 1997?

Crisis - 1997 is rated/received certificates of: USA:R


What are the release dates for Wild On--- - 1997 Wild on Thailand?

Wild On--- - 1997 Wild on Thailand was released on: USA: 1999


What are the ratings and certificates for Time Crisis - 1997 VG?

Time Crisis - 1997 VG is rated/received certificates of: USA:T


Is there happening why GDP of asean countries decreases in the year 1998?

The Asian financial decrease in 1998 was due to financial contagion, It raised fears of an world wide economic crash in 1997.The crisis started in Thailand.


When was Constitutional Court of Thailand created?

Constitutional Court of Thailand was created on 1997-10-11.


When was Crisis in Clay created?

Crisis in Clay was created on 1997-12-23.


What are the release dates for Crisis Center - 1997 The Center 1-1?

Crisis Center - 1997 The Center 1-1 was released on: USA: 28 February 1997


What are the release dates for Crisis Center - 1997 Where Truth Lies 1-5?

Crisis Center - 1997 Where Truth Lies 1-5 was released on: USA: 28 March 1997


What are the release dates for The Living Edens - 1997 Thailand Jewel of the Orient?

The Living Edens - 1997 Thailand Jewel of the Orient was released on: UK: 1999 USA: 27 January 2000


What are the release dates for Crisis Center - 1997 Someone to Watch Over Me 1-4?

Crisis Center - 1997 Someone to Watch Over Me 1-4 was released on: USA: 21 March 1997


What are the release dates for Crisis Center - 1997 It's a Family Affair 1-2?

Crisis Center - 1997 It's a Family Affair 1-2 was released on: USA: 7 March 1997


What actors and actresses appeared in La crisis me da risa - 1997?

The cast of La crisis me da risa - 1997 includes: Pablo Ferrel Pedro Romo