Nobody downloaded yet

Economy/infrastructure(culture) in Thailand - Essay Example

Comments (0) Cite this document
Summary
There is a strong demand of Thai goods from foreign markets such as the United States and Europe and therefore the exports accounted for over 70% of the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
Economy/infrastructure(culture) in Thailand
Read TextPreview

Extract of sample "Economy/infrastructure(culture) in Thailand"

Download file to see previous pages ??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 ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economy/infrastructure(culture) in Thailand Essay”, n.d.)
Economy/infrastructure(culture) in Thailand Essay. Retrieved from https://studentshare.org/miscellaneous/1560403-economyinfrastructureculture-in-thailand
(Economy/Infrastructure(culture) in Thailand Essay)
Economy/Infrastructure(culture) in Thailand Essay. https://studentshare.org/miscellaneous/1560403-economyinfrastructureculture-in-thailand.
“Economy/Infrastructure(culture) in Thailand Essay”, n.d. https://studentshare.org/miscellaneous/1560403-economyinfrastructureculture-in-thailand.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economy/infrastructure(culture) in Thailand

Thailand

...population growth and the expansion of cities. The expectations are that by the end of the next half a century, Thailand’s urban population will constitute more than half of the population. Urban expansion in Thailand has been occurring in the problematic urban communities necessitating careful and systematic planning that will ensure sound urban development. These developments will occur in the entire dimension, that is, in infrastructure, resource development, environment, and socio-economic development (Oxford Business Group 91). The crisis The 1997 crisis caused serious problems to the Thai economy. The current account deficit was the main reason behind the weakened...
12 Pages(3000 words)Research Paper

Transformations of Thailand

...? Transformations of Thailand Table of Contents The Background Report 4 Social 4 Cultural 5 Political 5 Economic 6 Historiography 7 Personalities 8 Regional 9 Global trends 10 2. The Case Study Analytical Report 12 Introduction 12 Context 13 Aspects/Functions of the Transformation 15 Lessons 15 Reference 17 Bibliography 19 1. The Background Report Social The civil society in Thailand has undergone rapid change. For a long time the traditional and bureaucratic structure was predominant while the democracy took a backseat. The demands of the civil society remained unmet for a long time. However, this has undergone change. The civil society gas grown and this has developed a participatory...
13 Pages(3250 words)Research Paper

Economy and Infrastructure in South Africa

...ECONOMY AND INFRASTRUCTURE OF SOUTH AFRICA The South African Economy: South Africa can be considered as an economic powerhouse of Africa leading the whole continent in the production of minerals and industrial outputs and producing a huge proportion of the total electricity requirement of Africa. The country’s economy is a well-diversified economy. The country possesses well-groomed industry in respect of different consumer and investment goods and therefore, alone produces one-fifth of the total production of the continent Africa South Africa is in the upward phase of its business cycle. The country’s growth rate has risen to 4% in the last decade....
4 Pages(1000 words)Term Paper

Backpackers in Thailand

...Backpackers in Thailand Principal and emerging markets in Thailand: Backpacker tourism in Thailand is considered to play a significant role in Thai economy. With its thriving international base, Thailand is now a major player in the international tourism industry. Although recent global crisis in 2008 along with Thailand’s political turmoil are some of the notable factors affecting its tourism industry, reports stated by the Tourism Authority of Thailand (Thailand Tourism Overview for 2009, 2010) have been evidently showing that the industry is recovering fast by mid-2009. This further reveals that the...
2 Pages(500 words)Essay

Economy and Infrastructure Sector

...Business and Finance Critical Infrastructure Sector ABSTRACT Economy of any country rests and thrives on its infrastructure setup. Finance and business infrastructures are the primary necessities through that economy of the country throbs and elevates to the new levels in terms of Gross Domestic Product of the country. Currently, the U.S. financial service sector has assets of more than $48 trillion in its control and it is correctly considered the financial hub of the world that contributes almost 8 percent in GDP. The financial and business sectors fall under the purview of various regulatory bodies that form the policy environment. The hosts of...
10 Pages(2500 words)Research Paper

Thailand Baht

...Client’s 17 October All the major Asian economies were severely hit in the 1990s; Thailand’s economy was no exception. The collapse of the Thai Baht sent shockwaves across the world, the government did take a no of steps to stop the freefall and this paper will shed light upon some of the most important measures taken by the Thai government to stop the downfall. Finance one was a major company in Thailand, the Thai government suspended the shares of the company and also tried its best to make an acquisition, a small Thai bank was supposed to acquire the much troubled company but this failed to happen and the shares of the company plummeted further which only made...
2 Pages(500 words)Essay

History and Swot analyses of Thailand

...with its paraphernalia like cultural homogenization, and an open economy (Baker, Baker and Phongpaichit, 2009, p.140). The Treaty of Amity and economic Relations signed between Thailand and USA in 1966 gave many privileges to US citizens in doing business in Thailand (Campbell, 2008, p.352). SWOT Analysis Strengths 1. Highest rate of economic growth in the world (Ravenhill, 2008, p.4). 2. Full-fledged and growing manufacturing industry (Institute of South East Asian Studies, Kenkiujo, and ASEAN Foundation, 2003, p.157). 3. World leader in paddy production (Berger, 2007, p.11). 4. Flourishing tourism industry (Berger, 2007). 5. Extensive road and rail network and good...
3 Pages(750 words)Essay

Phuket thailand

...Geohazards in Phuket, Thailand s Introduction Phuket is one of the most beautiful places on earth and it is due to this reason that many tourists are attracted to it. Apart from the wonderful beaches, it also has a great sea stretch for swimming, surfing and boat rides. However, like other cities it also has its own downsides. Besides the usual problems like crimes that are prevalent in most cities, Phuket suffers from occasional geohazards that lead to loss of lives and destruction of property worth. These disasters include: hurricanes, landslides, floods, volcanoes, tsunami and drought. Prior to the tsunami disaster in 2004, the nation had not experienced any devastating disasters for generations. Phuket,...
3 Pages(750 words)Essay

Organizational Culture in the Economy

.... With reference to the various dimensions of organizational culture, it is observed that organizational culture, as it borrows from business culture, is an important aspect that aims at defining purpose and relevance of the organization to the economy, target customers, and the organizational culture (Dalkir, 2011). Impact of not Addressing Organizational Culture The impacts of not addressing organizational culture include the inability of the organization to not only lack focus with target customers, but also to develop negative reputation within its market place. Many are the times when the term organizational...
4 Pages(1000 words)Essay

Transformations of Thailand

... Transformations of Thailand Table of Contents 1. The Background Report 3 Social 3 Cultural 4 Political 4 Economic 5 Historiography 6 Personalities 7 Regional 8 Global trends 10 2. The Case Study Analytical Report 12 Introduction 12 Context 13 Aspects/Functions of the Transformation 15 Lessons 15 Reference 17 Bibliography 19 1. The Background Report Social The civil society in Thailand has undergone rapid change. For a long time the traditional and bureaucratic structure was predominant while the democracy took a backseat. The demands of the civil society remained unmet for a long time. However, this has undergone change. The civil society gas grown and this has developed a participatory political structure in Thailand... . The workers’...
13 Pages(3250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Economy/infrastructure(culture) in Thailand for FREE!

Contact Us