Thailand is the second-largest recipient of foreign direct investment (FDI) in South-east Asia after Indonesia, and exports accounted for 62.3% of GDP in 2012, or 75% including goods and services, according to the International Monetary Fund (IMF). Thailand stands as a key beneficiary of ASEAN integration given its central location, competitive...
To what extent will the termination of US monetary stimulus impact Thailand’s economic outlook?
To what extent is Thailand’s economic growth being driven by rising activity in the provinces?
Framed by the overarching Sufficiency Economy Philosophy (SEP) developed by King Bhumibol Adulyadej, Thailand’s development policy aims for inclusive and broad-based growth that leverages key strengths of the economy towards higher domestic value added. Having successfully evolved from a primarily agrarian society to an economy with a wide...
Inheritors of an ancient land and a complex culture, today’s Thais once again face some difficult social and political challenges. Yet, despite the confrontation that has resulted from these tensions during much of late 2013 and early 2014, the country continues to grow and develop, with much of it unaffected by the turmoil in certain high-...
As a founding member of ASEAN, a long-time ally of the US and the West – and a member of the UN, World Bank, IMF and a host of other multilateral organisations – Thailand has long been connected to the wider world. Indeed, recently Bangkok celebrated 500 years of diplomatic relations with one Western nation – Portugal. Throughout the years too,...
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