Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Thailand the Struggle for Success - Essay Example

Comments (0) Cite this document
The author of the following essay under the title "Thailand the Struggle for Success" casts light on the study of Thailand as the case of economic policies as far as the realms of trade, investment, and other government policies are concerned. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.2% of users find it useful
Thailand the Struggle for Success
Read TextPreview

Extract of sample "Thailand the Struggle for Success"

Download file to see previous pages The import substitution policy was then replaced in the mid-1970s with the policies to boost exports. The impact of this shift in policy meant that not only Thailand now had a strong agrarian and industrialized economy but it also diversified in a sense that its economic structure became export-led which had a portfolio as diversified that it included textiles, electronics, chemicals, iron and steel, and minerals. One of the reasons for this diversity in the portfolio was the abundance of labor and natural resources. Thus, Thailand took complete advantage of globalization and its economy reported a growth in its average real GDP of 6.6% from 1960 to 1996 (The Brooker Plc p.8-9). This growth is the average growth rate in these years, there were also years in which Thailand witnessed exponential growth rate in terms of GDP and until 1997, Thailand was all set become the regional hub of the business and commerce activities in the region.
Before 1997 Thailand implemented a policy of fixed exchange rate. Its exchange rate was pegged against the dollar. This effectively reduced the transaction costs attached to the inflow and outflow of investments. This obviously resulted in speedy growth as a result of the foreign direct investment. Unfortunately, the lack of foresight and anticipation on the part of Thai government led to the settlement of an economy which was heavily dependent on this direct investment. This policy saw its negative ambiance when in 1997 the investors lost confidence in the recovery of their investments and thus began to keep a check on their investments. The trigger down effect led to heavy speculations against baht and the local investors sold baht and bought more dollars. This caused the capital outflows from the country. But the real impact was felt when the government decided to float the exchange rate. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Thailand the Struggle for Success Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Thailand the Struggle for Success Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from
(Thailand the Struggle for Success Essay Example | Topics and Well Written Essays - 1250 Words)
Thailand the Struggle for Success Essay Example | Topics and Well Written Essays - 1250 Words.
“Thailand the Struggle for Success Essay Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Thailand the Struggle for Success


...standards of people indicate a growth in the economy of the country. Human development has made remarkable progress (Chaloemtiarana 157). The success of Thailand is due to its government combining the various factors of economic success like the astute policymaking, strong democratic governance, and industrious population. The country has encouraged public investment in social services and advantageous historic and geopolitical circumstances that are boosters of economic growth. However, these economic growth steps made by Thailand are not equally distributed. The benefits of the economic development in Thailand have accrued to those who have close link...
12 Pages(3000 words)Research Paper

Transformations of Thailand

...historical transformation in Thailand was its end of monarchy in 1932. “Thailand has experienced 18 coups, 18 constitutions, and five transitions to various forms of civilian democracy” (Bertelsmann Transformation Index, “History and Characteristics of Transformation”). “A vicious cycle of coups” (Bertelsmann Transformation Index, “History and Characteristics of Transformation”), the emergence of new constitutions and renewed coups has been successful in overshadowing the contemporary history of Thailand. Consequently, the political parties have evolved gradually but they have been weakly cohering. Along with this political unrest, the civil society has also emerged....
13 Pages(3250 words)Research Paper

Medical tourism in Thailand

...briefed about the breast implants prior to surgery in hospitals of Thailand. Breast augmentation is not advised in certain cases. Moreover, for breast augmentation in Thailand it is important that minimum age should be 18 years and patient should not be pregnant. (Onq 122) People choose medical treatment abroad for different attractive reasons. Cheap treatment in sterilized environments is the leading incentive that gets attention of medical tourists. Thai government has also been successful in focusing on making the medical tourism attractive for the visitors. The reasons that make Thailand suitable for medical tourism include developed infrastructure, nice environment,...
10 Pages(2500 words)Essay

Country Effect to Companies Success.Thailand

...effect to his advantage, using the article of Brettel, Engelen and Heinemann (2008) as a case study. Consumer Perception and Ethics A regard for consumer perception and ethics is an important factor that determines success for entrepreneurs in Thailand. This is because according to Brettel, Engelen and Heinemann (2008), the perceptive and ethical values of the people of Thailand is carried directly into their consumer decision making as to which companies to do business with and which companies to withdraw from. Generally, these consumers would want companies to show high sense of integrity, ethical consideration and respect for social responsibility. Entrepreneurs who have become...
4 Pages(1000 words)Assignment

Investment of Tesco in the Retail Market in Thailand contribute in the World Trade Organisation (WTO) and AFTA (ASEAN Free Trade Area) (David W. Raisbeck, 2003). To struggle the financial crisis, the Thai government followed trade deregulation. Thailand has since welcomed an influx of large-scale multinational hypermarket, supermarket and specialist retailers, which are eager for a share of the Thai retail market. This has raised protests from several Thai academics and traditional retailers, which have raised the "nationalist" alarm bells. Numerous Thai-owned minute and medium-sized retailers have been pushed out of business since they could not fight with the much better multinational discount stores, as some better Thai retailers have been bought...
12 Pages(3000 words)Case Study

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 sharp decline in...
2 Pages(500 words)Essay

Struggle & Survival

...Struggle and Survival Introduction Life is constantly a struggle and continued existence is at all times a key objective. In the extensive history of colonial America, each person partook in the social process that depicted the struggle for independence and for survival in the harsh realities of colonial rule. In this regard, common persons fashioned out their personal places in communities founded on the structural variations of class, race and sex (12). These common persons were the genuine accelerators of social transformation in colonial society since they were the manufacturers, law abiders, users, taxpayers, tax collectors, as well as farmers. In addition, they were the means of...
2 Pages(500 words)Essay

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 matters worse. The Thai government...
2 Pages(500 words)Essay

Cultural struggle

...Cultural struggle Amy Tan’s essays contain informative and captivating messages. She delivers powerful information to the audience by use of well structured essays from the introductory paragraphs to the concluding. Just like a filmmaker, Amy Tan demonstrates the ability to systematically construct her work from scratch, while enriching various characters with both educative and mind entertaining themes. Reading through any of her essays, one is able to discern that the work is understandable and informative too. Selection of titles and introductory paragraphs portrays Amy Tan as an essayist with real mastery of literary work. She designs her essays in such a way that readers are able to get a glimpse of the story being told... captivating...
8 Pages(2000 words)Essay

The Success Factors for Small and Medium Enterprises In Thailand

...Research on Thai SMEs What is below the surface and what are The Underlying Success Factors For Small And Medium Enterprises (Smes) In Thailand? Chapter 2: Literature Review Overview This literature review examines what other researchers have covered and found in respect of identifying success factors for SMEs in Thailand. The historical background first provides an overview of Thai SMEs, their significance and role in the Thai economy, and the challenges they face. This is followed by a look at studies that specifically discuss potential success factors and how it can be measured including those factors that are most critical to...
15 Pages(3750 words)Literature review
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 Thailand the Struggle for Success for FREE!

Contact Us