Given its location in the centre of ASEAN, which constitutes the immense buying power of more than 600m people, many countries are keeping an eye on Thailand. The country, which is situated in a strategic location for logistics and transport in the ASEAN region, has become a vital industrial centre, and has a manufacturing base with rapid...
The development of the nation must be carried out in stages, starting with the laying of a foundation by ensuring that the majority of the people have their basic necessities met through the use of economic means and equipment in accordance with theoretical principles. Once a reasonably firm foundation has been laid, higher levels of economic...
The Kingdom of Thailand, encompassing 513,120 sq km, lies within the Indochinese Peninsula of continental South-east Asia. The country is straddled by the Andaman Sea and the Gulf of Thailand to the west and east respectively, the latter of which is an arm of the South China Sea. Land borders are shared with Myanmar to the west, Laos to the...
This chapter contains hotel listings for business and leisure visitors, phone numbers for foreign missions and local services as well as some useful cultural tips for first-time arrivals.
In what became known as a foundation speech for the idea of the sufficiency economy, in December 1997, the king said that what was important was not being a “tiger” but having “a sufficient economy” to take care of the whole population. The sufficiency economy places sustainability at the very core of its thinking, advancing a different approach from that of short-term, shareholder value-...
Although buoyed by decades of steady expansion, Thailand – South-east Asia’s second-largest economy – saw growth falter in recent years in the wake of political unrest and challenging external conditions. However, falling global oil prices combined with stimulus packages benefited the economy and spurred a moderate recovery in 2015. The government is set to launch 20 infrastructure projects...
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