Thailand problem in economic development Thailand economic experiencing difficulties in pursuit of economic development In the past Thailand is one of the great countries among South-East Asia. Thailand is one of only 3 countries in Asia that never been colonized by European country. If looking back to 30-40 year in the past. Thailand is fast growing country in South-East Asia and could be competitive with Taiwan or Korea. But over past 10 years Thailand is slowly develop and can’t compare to country like Taiwan or Korean anymore. Some said now we compare with Vietnam.
There are numerous reasons that cause Thailand experiencing difficulties in pursuit of economic development. In economist study there are four main reason that make country slow developing. There are low capita income, social ; culture block, Lack of management and government administrative, and population explosive. But deeply in Thailand only two main reason from my point of view, there are 1) Lack of good management by the leader of the country and human resource 2) citizen of the country problem. First of all our leader of country still have a problem in management skill.
To drive country to another level leader must have understanding country and vision for the future. Without vision and understand country won’t be developing. For better to understanding why Thailand difficulties in pursuits of economic development and solution, we need to know in every part of the country include background, history, geography and social life. Thailand History First of all Thailand History began around the 10th century, when the This migrated from southern China into mainland Southeast Asia and later established the independent states of Succotash and Attitude.
Succotash, The First Thai Kingdom, Succotash was part of the Khmer empire until 1238, when two ATA Chieftains seceded and established the first independent ATA kingdom. This event is considered to mark the founding of the modern Thai nation. At the same time other ATA states such as Lana, Papaya and Aching Sean, were established by forming alliances with the other ATA Kingdoms Adopted Dehydrated Buddhism as the state region with help of Sir Lankan Monks. Under the rule of King Rearrangement(1280-98), Succotash enjoyed a golden age of prosperity.
During his long reign, the present Thai alphabet evolved, Dehydrated Buddhism becomes more entrenched, and the foundations of present-day Thailand were securely established. The rise of Attitude, Further to the south, the glories of Succotash were to be short lived. During the early 14th century, a rival Thai kingdom began to develop. 1350, the ambitious ruler, known as Papaya U thong, move his capital to a nearby island in the river which would be more defensible, giving the new city the name Tatty. Attitude soon eclipsed Succotash as the leading Thai power.
By the end of the 14th century Attitude was the strongest power in Southeast Asia. During the Autonomy pergola, ten Dados AT was introduced. I anal common law, call economic Ana military retorts The fall of Attitude, After Attitude surrenders to Burma. David Watt, in Thailand: A short history, wrong: The Burmese wrought awful desolation. They raped, pillaged and plundered and led tens of thousands of captives away to Burma. They Torch to everything flammable and even hacked at images of the Buddha for the gold with which they were coated.
The city was too damaged to be renovated for a second time. Bangkok or Grunge Http, Contemporary Thailand, Thailand was under the rule of an absolute monarchy for 150 years, until coup ended it in 1932. Despite this, the institutional monarchy that followed has proved a stabilizing anchor amid the upheavals that have characterized the country’s modern history. King Clangorous (Ram V) He ascended the throne in 1868 when he was only 15 years old. By the time of his death,42 years later he had become the “Beloved Great King”, a Father-fugue f his people and perhaps the most popular Thai monarch ever.
Bought it foreign advisers from abroad, and sent his son to study at university across Europe. Protect Siam from foreign colonization King Bonhomie Delayed (Ram The current king of Thailand, Bonhomie Delayed, is the longest-reigning monarch n the world today, as well as Thailand longest-reigning king ever. The beloved king’s common name is pronounced “POOP-MME-upon uh-DON-Jag-death”; his throne name is Ram ‘X. Raised and educated in the United States and Switzerland, he was the youngest child of Prince Manhood, a direct descendant of King Clangorous (also known as Ram V).
A long shot to take over the throne, Bonhomie became king after the unexpected death of his older brother, Amanda Manhood, who had officially inherited the post in 1935. Bonhomie was only 19 when he succeeded his brother, and his first ewe years were spent finishing his education abroad. By 1951 he was back in Thailand for good and married to Queen Skirt. During his long reign he has amassed a personal fortune and risen above tops-truly Thai politics to a point of near-absolute authority.
Highly revered by the public, he’s had a history of only intervening in politics when national stability is threatened. Otherwise he has occupied himself touring the country and working on agricultural and medical reform, while also earning a reputation as a first-class Jazz musician (mostly saxophone), as well as painter, photographer and sculptor. King Bonhomie is the world’s longest-reigning monarch and, reportedly, one of the richest. Many people in Thailand think unity is important to develop but actually the most important understands in economic development of country.
The recent history of Thailand economy is defined by more than a decade of sustained Ana rap economic growth Declining In 1 WEB, Tallow Day a severe recession that started in late 1997. During the boom years, economic growth averaged more than 7 percent annually, one of the highest rates in the world. The crisis of 1997 and 1998 wiped out some of the gains of the boom and forced major adjustments in Thai industry and economic policy. Many different factors contributed to the rapid growth of Thailand economy.
Low wages, policy reforms that opened the economy more to trade, and careful economic management resulted in low inflation and a stable exchange rate. These factors encouraged domestic savings and investment and made the Thai economy an ideal host for foreign investment. Foreign and domestic investment caused manufacturing to grow rapidly, especially in labor-intensive, export-oriented industries, such as those producing clothing, footwear, electronics, and consumer appliances. These industries also benefited from a tremendous expansion in world trade during the asses.
As industry expanded, many Thai people who previously had worked in agriculture began to work in manufacturing, slowing growth in the agriculture sector. Meanwhile, manufacturing growth spurred the expansion of service sector activities. By 2000 Thailand per capita income reached $2,000, making it an upper-middle income developing economy. Although Thailand was technically still a poor country, spectacular income gains enjoyed by the urban middle class made the country one of he world’s large markets for luxury cars and other expensive consumer goods.
However, by Asian standards the gains of growth were not distributed equally among the Thai population: between 1981 and 1994 the incomes of the richest 20 percent of the population grew significantly in comparison to those of the poorest 20 percent. Nevertheless, nearly all Thai benefited in some fashion from growth. The percentage of the population living in poverty fell from 23 percent in 1981 to less than 10 percent 1994. In the early asses a series of economic policy reforms introduced by the Thai overspent made it easy and attractive for foreign banks to offer loans to Thai banks.
The Thai banks used the capital to lend money to domestic finance companies, property developers, and other investors, stimulating an investment boom. In an atmosphere of great optimism about continued rapid growth, the resulting investment boom created a “bubble economy’ based on speculation in urban property and stocks. The bubble burst in 1996 and 1997, when stock and property prices declined steeply. As speculators in these sectors failed to repay loans, many Thai banks became unable to service their foreign debt, causing investor confidence o fall sharply.
The consequent outflow of capital caused the Thai banking system to crash in mid-1997. The resulting credit shortage drove many companies into bankruptcy and created a large pool of unemployed workers. Thailand economy remained deep in recession through 1998, with gross domestic product (GAP) shrinking an estimated 8. 5 percent that year. The economy began to pick up again in early 1999, with GAP growth forecast at 1. 5 percent for the year. Political always biggest problem in Thailand, leader of country don’t work for country but for their benefit.
They try to gain the power and try to make profit or advantage for their peers more than focus on developing the country. The collapse of the south-east Asian economic boom in 1997 led to public Allusion Walt n Tree-market polices Ana encouraged ten roles AT populist Prime Minister Taking Sinatra, who was reviled by the urban elites but enjoyed widespread support among the poor, particularly in rural areas. In September 2006, opposition to PM Taking came to a head and the military once again stepped into politics, carrying out a bloodless coup against him.
The move kicked off a period – which still continues – of seesaw politics, marked by frequent attempts by pro- Taking “red-shirts” and anti-Taking “yellow-shirts” to use mass protests as a lever to eject the other side from power. Elections held at the end of 2007 as part of the military Junta’s transition back to civilian rule handed power straight back to pro- Taking forces, who managed to stay in power for only a year before being ousted by mass anti-Taking rallies, with help from the Constitutional Court.
The resulting anti- Taking coalition weathered frequent pro-Taking demonstrations – often by dint of military force – for four years before losing power in elections to a government led by Thesis’s sister, Youngling Sinatra. Political problems in Thailand Political problems in Thailand, Sometimes described as a developing civil war between rich and poor but in actuality much more complex than that. All classes are on both sides. They divide themselves into Yellow Shirts and Red Shirts and trade insults and occasional blows as well as disrupting the usual peaceful harmony of Thailand.
The majority of the population could not give a damn. They Just want to get along peacefully with their work. This is a brief guide and does not pretend to address the complex and complicated confusion of the present political situation n Thailand. It seeks to explain the division of the main parties in the conflict. The ‘Yellow Shirts’ are the People’s Alliance for Democracy. They are fiercely Royalist and against the former Prime Minister of Thailand, Taking Sinatra and his allies. The choice of Yellow is to show their allegiance to the King of Thailand.
Yellow is the King’s color. The ‘Red Shirts’ are made up of two supposedly smaller political groups, the United Front for Democracy against Dictatorship or DUD and Democratic Alliance Against Dictatorship or DADA. The ‘Red Shirts’ strongest support comes from the North of Thailand from where the former Prime Minister Taking Sinatra originates. They would like to see him return to politics in Thailand. Taking Sinatra manipulates the Red Shirts from outside Thailand. He is unable to return to the country through fear of arrest.
Secondly, Thailand citizen personality & habited make country black Thailand development. There are 10 problems from our citizen which block development of the country. 1) Thai people lack of responsibility; Thai lack of knowledge of their duty to society. For the developed country they have conscious for their society and public. But for Thai we don’t concern about society or public as much as it should. Mostly we think about our self. In every part of the country especially in management level of the country always take advantage of other.
Because of this make Thailand slow develop. 2) Thailand Education still behind other, we teach in only education but not concern much about public or the outside world. Thai people good only in Thai language which is make we miss a chance to challenge with outside world because of the language barrier. As we can see many rich people in Thailand like to sent their children to study aboard. ) Thai people don’t have a vision for future. I anal work clay Day clay don’t nave proper plan Tort ten Torture. Scare to cream Log Ana sometime they like to believe credulous thing like luck or faith. ) This not take it serious with responsibility of duty such as a promise or tardiness. If we compare to the developed country they take it serious with promise with is increase their credit in doing business, which many This look over it. 5) Metropolis area in Thailand. 60-70% of citizen of Thailand live in countryside. There miss opportunity to growth their quality of life. 6) Thai law is weak and The department of Justice is not fair to everyone. 7) This like to Jealous other, because nowadays money is things that point to the quality of life and the level of people.
Everyone try to be nice with rich but for poor they don’t 8) MONGO in Thailand is not so popular because This like to anti it. Many time Thailand miss a good opportunity because we oppose things it with no reason. 9) This is not ready in world market because we are not good in other language but Thai and The management skill team work we still have to improve. If we see Singapore it is a small country but only good management drive its to another level of economic. 0) This raise their children like kids. This don’t teach them how to survive but always feed.
So that make growth up people have no intend to work and help them self. In The future there will be more free trade area. The transportation has to be faster. The cost of capital must be lower to gain more profit to country Thailand management must be understand how to make benefit to country. How to make benefit to Thai citizen but now Thai politics is big problem. This should be unity between people, then communication to each other. Thailand economic must be develop. If Thailand economic develop, citizen get a good bob. They have money.