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In Thailand's open economy, foreign trade accounts for a major portion of the national product. Its importance has grown substantially over the past 20 years as its share in the
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10/20/2009
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Tourism has been Thailand's highest income generator since 1982, having grown at a healthy 16 percent per annum since 1980. In 1994 visitor arrivals reached a record 6.16 million.
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10/20/2009
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Thailand is predominantly a free market economy with the private sector generating most of the economic activity. Public sector involvement is largely limited to providing a framework for the
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10/20/2009
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Over the past two decades, the national income has increased by approximately eight percent per year. Moreover, growth has been broadly based, with all economic sectors participating in the
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10/20/2009
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Thailand's industries have traditionally been closely linked with agriculture. From the post-war years up to the late 1950s, the major processing facilities were rice mills, sawmills, sugar mills, ice factories,
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10/20/2009
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Agro-based industries. At present Thailand has abundant supplies of farm produce. The advantage of establishing additional food processing industries is, therefore, apparent. Large-scale commercial livestock production offers unlimited growth potential.
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10/20/2009
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Traditionally an agrarian nation, today Thailand boasts a complex, multi-faceted economy embracing industries employing the latest and most sophisticated technology.
Several important factors have contributed to the country's enviable growth. Its
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10/20/2009
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Agricultural Credits. The main concern of economic and social development has been to make additional short-and long-term credit funds available of farmers. There are two sources of institutional credit
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10/20/2009
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Thailand has a substantial number of financial institutions, namely, commercial banks, finance companies, agricultural cooperatives, savings cooperatives, life insurance companies, pawnshops and credit fonciers. In addition, there are a number
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10/20/2009
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The Bank of Thailand was established in 1942 to act as the country's central bank. Its function is to issue notes, act as banker to the government and other
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10/20/2009
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Finance companies cannot take deposits, but they can raise funds by issuing promissory notes or similar instruments; these, in turn, are lent to business and individuals. Finance companies came
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10/20/2009
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The Securities Exchange of Thailand (SET) was established in 1974 under the supervision of the Ministry of Finance and the Bank of Thailand. In 1993, there were 347 companies
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10/20/2009
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The agriculture sector's contribution to the Gross Domestic Product declined from 39.4 percent in 1961 to 12.2 percent in 1993 due primarily to the rapid expansion of
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10/20/2009
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Rice forms the core of the Thai economic system. The staple food of the nation, it was the country's largest single foreign exchange earner for well over a century.
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10/20/2009
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