Text

E-book Thailand : Industrializationa nd Economic Catch-Up

---

Penilaian

---

Thailand joined the ranks of the upper-middle-income countries in 2011, with sustained high growth and rapid poverty reduction. Gross domestic product (GDP) grew an average of 9.5% per year between 1987 and 1996 on the back of political stability, a business-friendly regulatory environment, a large domestic market, open access to foreign investment, and greater participation in regional value chains. In the years following the Asian financial crisis of 1997–1998, growth slowed to an average 3.9% during 2000–2014. The slowdown may have been largely due to a series of shocks that hit the economy—a coup in 2006 and subsequent political unrest; the global financial crisis and demand slump of 2008–2009; and massive flooding in 2011. The series of events dampened investor confidence and affected domestic demand and growth performance. However, some of the reasons for this decline are also structural. Thailand has successfully transformed its economy from agriculture to export-oriented manufacturing, while integrating key manufacturing production into the regional value chain, particularly in automobiles and electronics. Moreover, it has established a regional hub for key transport and logistics with a world-class airport, while its economic base has been diversified into tourism, health care, and other services. As wages rise, however, productivity needs to keep pace for the economy to stay competitive. Thailand boasts a few world-class industries and services, such as automobiles or high-end hospitality, but the bulk of its workforce remains in low-productivity activities in trading and services. The agriculture sector still employs almost 40% of workers. Growth and structural transformation have also largely concentrated in and around Bangkok. The North, Northeast, and far South lag behind Bangkok and the Central region in economic growth and social development.

---

Ketersediaan

Informasi Detail

Judul Seri

-

No. Panggil

330.9593 ADB t

Penerbit

Philippines : Asian Development Bank., 2015

Deskripsi Fisik

77 hlm

Bahasa

English

ISBN/ISSN

9789292572952

Klasifikasi

330.9593

Tipe Isi

text

Tipe Media

computer

Tipe Pembawa

online resource

Edisi

-

Subjek

Economic Geography in Thailand

Info Detail Spesifik

-

Pernyataan Tanggungjawab

-

Versi lain/terkait

Lampiran Berkas

Komentar

---

Anda harus masuk sebelum memberikan komentar