Economy

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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.

What challenges do ASEAN countries face before inaugurating the Economic Community in 2015?

Thailand has all the necessary resources that we can utilise to contribute to the prosperity and security of our country. The key issue is to know how to use those resources properly and wisely; that is, excessive use should be limited as much as possible. Only usage that is guided with care and prudence, as well as based on understanding...

Despite the political and social challenges that marked late 2013, Thailand’s economy has remained stable and is poised for further growth in the coming years. However, concerted action by the public and private sectors will be needed for the country to avoid the middle-income trap of stagnating productivity and to maintain its stance as a top Asian economy.

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