Economy

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Reconciliation was central to Pheu Thai’s (PT) 2011 election platform, a sentiment that continued to resonate with voters despite five years of confrontation following the 2006 military coup that had ousted and exiled the prime minister Thaksin Shinawatra. Since receiving her overwhelming mandate in the 2011, Prime Minister Yingluck Shinawatra,...

The 2011 elections gave the government a strong mandate to regain a proactive international role, stressing commitment to democracy, justice and reconciliation. Following the 2006 military coup d’état, Thai prime ministers were denied meetings with the US president, a historically routine matter for a close US ally in Southeast Asia. The...

Current economic strength has come from exports to the world’s most-developed economies; the result of decades of consistent economic policy on foreign investment. A combination of incentives for foreign manufacturers, low-cost labour and economic zones called industrial estates have attracted globalised firms, along with their suppliers in the...

The area that now makes up present-day Ras Al Khaimah was historically a popular target for invaders due to the emirate’s strategic location at the entrance of the Gulf. This maritime potential made RAK an important shipping point throughout the ages. Indeed, RAK drew military challenges from not only Islamic clans in the Gulf, but also imperial...

A substantial number of new international economic agreements have boosted Ras Al Khaimah in recent years, largely as a result of government-led industrial development measures put in place over the past decade. The emirate has established trade relationships with a diverse group of nations, including Tanzania and the US. Rising export revenues...

Given its relative lack of natural resources, and hydrocarbons in particular, Ras Al Khaimah has had to focus its efforts outside the energy sector, building up a diversified industrial base by making use of a mixture of incentives, infrastructure investment and careful partnerships. Now, the emirate is looking to position itself as a centre for...

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