Thailand in 2004
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Case Code: ECOA135 Case Length: 17 Pages Period: - Pub Date: 2005 Teaching Note: Not Available |
Price: Rs.400 Organization : - Industry : - Countries : Thailand Themes: - |
Abstract Case Intro 1 Excerpts
Excerpts
About Thailand
The Kingdom of Thailand, previously known as Siam, situated in the heart of Southeast Asia with Bangkok as the capital city, shared a border with Myanmar to the east, Laos to the northeast, Cambodia to the west, and Malaysia to the south...
Background Note
There were conflicting opinions about the origin of the Thais. It had been widely believed that the Thais had migrated 4,500 years ago, from what was now the southern part of China. Recently, however, new pre-historic artifacts from the Ban Chiang era had been discovered in northeast Thailand, questioning the previous theory...
The Economy
Thailand's first Five-Year Plan (1962-1966), emphasized industrialization through import substitution. Army officers headed many of the 104 state firms at first, but civilians gradually gained more authority. The private sector was increasingly encouraged and foreign investment welcomed even as US army expenditures helped fuel growth...
The Industry
In the 1980s, an export-oriented manufacturing sector, based on labor-intensive items such as textiles and garments, began to develop. After 1990, the fastest growth was in high-tech goods like computer accessories and motor vehicle parts...
Foreign Trade
Thailand remained a key figure in the export of many commodities and products associated with South Asia. The country was the No 1 rice exporter in the world and, in fact, the only net food exporter in Asia...
Corruption
Corruption remained a major concern for Thailand. In the 1970s, a corruption watchdog was set up, but it had weak investigatory powers and could not prosecute suspects. Prime Minister Kukrit Pramoj who attempted to take on corruption, was forced to resign by the army...
Social Policies
In the 1960s, Thailand pursued strategies to increase equity and social services, create employment in rural areas, and increase access to education. The poorer segment consisted mostly of rural agricultural workers. In the 1970s, large state firms became the focus of unionization efforts...
Future Outlook
The potential conflict of interest between Thaksin's roles as prime minister and head of Thailand's wealthiest family continued to attract media attention. In a move aimed at respecting public opinion, Thaksin had transferred all his assets to relatives when he became prime minister, as required by law...
Exhibits
Exhibit 1: Thailand
Exhibit 2: Thailand: The Economy at a Glance
Exhibit 3: Thailand's GDP, % Change on a Year Earlier
Exhibit 4: Comparative GDP, % increase on a Year Earlier
Exhibit 5: Economic Indicators
Exhibit 6: Comparative Economic Indicators, 2002
Exhibit 7: Regional Indicators
Exhibit 8: Thais Re-elect Thaksin
Exhibit 9: Thailand's Stock Market
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