South-east Asia’s second-largest economy with a GDP of $366bn and a per capita income of $5168 in 2012, Thailand has the potential to become the world’s 23rdlargest economy by 2050, according to HSBC, up from 34th now. A diversified and competitive export base accounting for 62.3% of GDP in 2012, ranging from agriculture to high-end manufactured...
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...
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,...
The Kingdom of Thailand, formerly known as Siam, covers an area of approximately 514,000 sq km and is situated in the heart of South-east Asia. It lies between the Lao People’s Democratic Republic to its north-east, Myanmar to its north-west and west, Cambodia to the south-east and Malaysia to the south.
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