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...
Benefitting from an export-oriented, industrialised economy and an ideal geographic position with proximity to Japan, China and high-growth ASEAN members, trade and investment in Thailand has expanded steadily in recent years on the strengths of its agricultural, automotive, electronics and textiles exporters. Anders Dong Hasselstrom, managing...
Accounting for the majority of businesses and a significant source of employment and export earnings, small and medium-sized enterprises (SMEs) play an important role in Thailand’s economic development. The SME segment has struggled in recent years, however, and currently accounts for the largest proportion of non-performing loans (NPLs),...
With plans to boost foreign investment in key industries, the government announced a series of new incentives and support mechanisms in late 2016 and early 2017. These new measures – many of which will be administered through the Board of Investment (BOI), the government’s investment promotion arm – are set to come into force in the first...
Located at the heart of South-east Asia, the Kingdom of Thailand covers a total area of 513,120 sq km, making it the 50th largest nation in the world by area. It is bound geographically by the nations of Cambodia to the east, Laos to the north-east, Malaysia to the south and Myanmar to the west. Major natural boundaries include the Andaman Sea...
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. With His Majesty King Maha Vajiralongkorn Bodindradebayavarangkun now on the throne, the way ahead promises to be one of further development, with an active monarch as head...
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