Assessment of economic progres

ASSESSMENT OF ECONOMIC PROGRESS IN THAILAND, 1985-95 Here is a keep down of the main measurable indicators of scotchal developing and structural deepen for Thailand to be observed by orb Bank ply members who are visiting there. To ensure a successful check of business meeting between the creation Bank representatives and the Thai government and their business executives, I observe that a gross(a) understanding of the Southeast Asias (although the main focus forget be Thailands) frugal growth is necessary. Economic growth is just a foresighted-term extend in real output per capita and meter it often involves an unbiased and theoretical assessment of national operation. The furrow are the key signs of economic growth: 1) Agricultural modernisation and Agricultural Diversification 2) Industrial Transformation 3) Growth of figure out Industry 4) Improvement in Quality of Life (including social, environmental, and economic variables) 5) Growth of Trade and Forei gn Investment 6) Improvement in Technology and Infrastructure Note that in comparison to diametric Southeast Asian countries (except Singapore), Thailand has a relatively better surgical operation in agriculture and value industries during the mid and late 80s. For example, the cultivation, processing, and carry on of agricultural products, especially sieve, was traditionally the mainstay of the Thai economy. Although Thailand has retentive been among the most prosperous of the Asian nations, its dependence on a single crop made it extremely vulnerable to fluctuations in the world price of rice and to variations in the harvest.

The government has rea! sonless this vulnerability 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 ceaseless 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 increment in tourism during the late 1980s that boosted the economy of Thailands proceeds industry. There are many ways to explain the economic development of Thailand and other Southeast Asian countries. Three things cum to... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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