Thailand has benefitted from decades of rapid industrial development to become an upper middle-income economy, with GDP growth averaging more than 7% from the 1950s to the 1990s. However, more recent decades have been marked by an ongoing struggle to escape the middle-income trap. Growth sank in 2014 following a military coup, although political stability and solid macroeconomic fundamentals...
Asia Economy
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Chapter | Country Profile from The Report: Thailand 2017
Following the death of His Majesty King Bhumibol Adulyadej in October 2016, a major chapter in the history and politics of this ancient kingdom closed and another opened.The year ahead looks to be one of transition, as the new king takes over and a new constitution is implemented. Efforts for national reconciliation look set to continue, although to what degree they will include all segments...
On October 13, 2016 His Majesty King Bhumibol Adulyadej passed away at the age of 88. He was the world’s longest-serving head of state and the longest-serving monarch in Thailand’s history. His passing was mourned by many. His Majesty had been monarch since 1946, and had presided over his country during a period of enormous change. In late 2016 King Maha Vajiralongkorn said, “No matter what...
Despite considerable geopolitical volatility, Thailand’s economy remains well diversified, stable and poised for expansion in 2017.
Economic view | Mohammad Azul Shah, Chairman, Global Halal Alliance, on expanding the international halal industry
11 Jul 2017
Does the halal industry have the potential to compete against conventional industrial global value chains?