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??s economic growth has weakened over the past few years and there has been a reduction in demand for Thai goods and services in the domestic and international markets. To cope up with the situation the Prime Minister Vejjajiva announced two growth packages each worth $43.4 billion. It is projected that the Thai economy will see a positive growth of 2.5% in 2010. (TDS)
The Thai economy is dependent upon the export of agricultural products, fish products, automobile parts, petrochemicals, and the electronics sector. The largest contributor the economy in terms of employment is agriculture which accounts for almost 50% of the population but contributes only 10% towards the GDP. The main cash crop is rice (Thailand is the largest exporter of rice in the world) which is followed by rubber, sugarcane, coconuts, and soybeans. The fishing industry is also amongst the important sectors in the Thai economy as Thailand is a major exporter of shrimps. (TCEE)
Thailands manufacturing sector is the largest contributor to growth of the economy and contributes 44.10 % towards the GDP (Phrasebase). The country manufactures technological products such as integrated circuits and parts, hard drives for computers, electronic equipment, vehicles and vehicle parts.
The service sector also plays a vital role in the Thai economy and ranges from financial services to tourism. Compared to other Asian countries tourism is one of the most important contributors in the service industry. Tourists visit Thailand in huge numbers because of the beaches and for relaxation. Tourism remains the leading source of foreign exchange for the country and it also helps to strengthen other industries such as handicrafts and small businesses. Unfortunately, tourism has seen a decline in the previous year due to the political insurgency.
Thailands largest export market is the United States and it’s the third-largest supplier of goods to the United States. The traditional markets for Thai goods have been
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Impacts of Tourism in Thailand
The idea of physical and mental rest and entertainment are some of the evident motivators for travelers, but if we dig deeper, innate human desire to travel to distant areas is directly related to human emotion, fantasy, and imagination (Davis, 1999; Crouch, 2000 cited in Kontogeorgopoulos, 2004, p.1).
This research essay will analyse the various crises witnessed by the Thai’s tourism industry and recent havoc flood in 2011 and how it has impacted the tourist industry of Thailand and suggest means to devise suitable strategies to mitigate the future crises from impacting the Thailand’s tourists industry.
The essay identifies the connection between tourism and natural disasters and relates it to Thailand’s context. This is important as this connection would lead to insights about appropriate marketing strategies to minimize the negative impacts of natural disasters on the tourism industry. Tourism developments in Thailand after the tsunami are also being discussed in detail.
characteristics of the business organization, its management, its relationships with other entities and other contextual variables that lead or contribute to the business becoming successful. Furthermore, the focus is on a particular type of business and on those belonging to a particular country.
This report contains the strategic human resource management options available to Wal-Mart for its potential venture in Thailand which would see the American retail giant joining hands with BIG C from Thailand. The joint venture would prove to be a successful joint venture, which is evident from the findings of this report that Thailand some of the best workforce in the world.
It must be noted however that the hill tribe people are made up of six major tribes within Thailand. These tribes are known to be Akha, Lahu, Karen, Hmong, Mien, and Lisu (Psacharaopoulos & Patrinos, 2002). Of these six tribes, it is only Karen that there exists some level of certainty about their origin as the origin of the other five tribes remains debated and a conjecture (Appadurai, 2000).
Youth Transnationalism, Backpacking, and Tourism in Thailand 1. Introduction Tourism is currently in a state of global change. The expectations and desires of the average tourist have been gradually evolving over the years, and the tourist industry, although struggling to keep up, has performed brilliantly across sectors (Hamzah & Hampton, 2011).
Malay, Mon and Khmer civilizations flourished in the reason prior to the arrival of ethnic “Tai”. Geographically the area of Thailand is 513,115 sq. km; equivalent to the size of France, or slightly smaller than Texas. Beautiful city of Bangkok is the capital of
es delivered by a variety of hand-held devices such as Personal Digital Assistants (PDAs) and enhanced alphanumeric communicators such as Blackberry devices (Dholakia, Dholakia, Lehrer & Kshetri, 2002). Meteoric growth of mobile phones in the 1990s urged the mobile phone