Assessment of economic progres

ASSESSMENT OF ECONOMIC PROGRESS IN THAILAND, 1985-95 Here is a keep down of the main measurable indicators of stintingal ontogeny and structural deepen for Thailand to be observed by field Bank ply members who are visiting there. To ensure a successful check of business meeting between the beingness Bank representatives and the Thai government and their business executives, I feel that a gross(a) understanding of the Southeast Asias (although the main focus leave be Thailands) stinting growth is necessary. Economic growth is only when a foresighted-term extend in real output per capita and touchstone it often involves an unbiased and theoretical assessment of national operation. The traverse are the key signs of economic growth: 1) Agricultural modernisation and Agricultural Diversification 2) Industrial Transformation 3) Growth of invent Industry 4) Improvement in Quality of Life (including social, environmental, and economic variables) 5) Growth of Trade an d Foreign Investment 6) Improvement in Technology and Infrastructure Note that in comparison to glacial Southeast Asian countries (except Singapore), Thailand has a relatively better operation in agriculture and value industries during the mid and late 80s. For example, the cultivation, processing, and tack of agricultural products, especially sieve, was traditionally the mainstay of the Thai economy. Although Thailand has commodious 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 sieve of rice and to variations in the harvest.

The government has diminish! ed 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 invariant 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 enlarge in tourism during the late 1980s that boosted the economy of Thailands function industry. There are many ways to explain the economic development of Thailand and other Southeast Asian countries. Three things cry (out) to... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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