Assessment of economic progres

ASSESSMENT OF ECONOMIC PROGRESS IN THAILAND, 1985-95 Here is a keep down of the main measurable indicators of sparingal harvest-tide and structural deepen for Thailand to be observed by domain Bank ply members who are visiting there. To ensure a successful check of business meeting between the humanness Bank representatives and the Thai government and their business executives, I bump that a gross(a) understanding of the Southeast Asias (although the main focus pull up stakes be Thailands) sparing growth is necessary. Economic growth is solely a foresighted-term extend in real output per capita and standard it often involves an unbiased and theoretical assessment of national operation. The sideline are the key signs of economic growth: 1) Agricultural modernisation and Agricultural Diversification 2) Industrial Transformation 3) Growth of run Industry 4) Improvement in Quality of Life (including social, environmental, and economic variables) 5) Growth of Trad e and Foreign Investment 6) Improvement in Technology and Infrastructure Note that in comparison to diametrical Southeast Asian countries (except Singapore), Thailand has a relatively better capital punishment in agriculture and value industries during the mid and late 80s. For example, the cultivation, processing, and share of agricultural products, especially sieve, was traditionally the mainstay of the Thai economy. Although Thailand has languish been among the most prosperous of the Asian nations, its dependence on a single crop made it extremely vulnerable to fluctuations in the world p sift of rice and to variations in the harvest.

The government has nitwitted this vulnerabi lity by instituting a number of development ! programs aimed at diversifying the economy and by promoting scientific methods of farming, particularly controlled flooding of the rice fields, so that the rice harvest might remain enduring even in years of few rainfalls. In the early 1990s, Thailand annually produced approximately 18.5 million metric tons of rice, up from about 11.3 million metric tons per year in the 1960s (Dutt, 1992). Another example of its notable success was the increase in tourism during the late 1980s that boosted the economy of Thailands answer industry. There are many ways to explain the economic development of Thailand and other Southeast Asian countries. Three things seed to... If you want to get a full essay, order it on our website: OrderEssay.net

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