Abstract This paper looks at the currency crisis in Thailand, which started in the summer of 1997 and rapidly engulfed a number of East Asian "Tiger economies" in a major financial crisis. This crisis became a an interesting case study for economists who were interested in analyzing the pros and cons of globalization and laissez faire market economies. The author further examines the effects of the East Asian currency crisis, on Thailand itself, which underwent a painful re-adjustment of its economy.
Outline:
Background
The Danger Signals
Foreign Exchange Reserves
Current Accounts Deficit
Excessive Credit Expansion
Why Did the Growth Slow Down?
The Housing and Real Estate Bubble
The Stock Market Bubble
The Crisis
The Aftermath of the Crisis for Thailand Conclusion
From the Paper "The country took a number of measures to attract foreign capital during the 1980 and early 1990s. These included lifting of restrictions on foreign investments, elimination of most barriers on foreign ownership of export oriented industries, granting of tax incentives to foreign mutual funds and investments in the stock market, creation of closed-end mutual funds, and reduction of taxes on dividends remitted abroad (Antczak 40-41). These measures along with a pegged exchange rate policy (i.e., the Thai currency baht was pegged to the dollar and its value rose and fell with dollar's value), and the large differential in interest rates provided comfort to foreign investors who came to Thailand in droves. "
Tags:Thailand, currency, crisis, globalization, Asia
Abstract This is a paper on Thailand and a discussion on poverty and sustainable development. The paper shows how Thailand, oft-referred as one of the foremost of the Asian tiger economies, rose to the fore courtesy of trailblazing capitalist development and massive influx of foreign investment, particularly from Japan, to achieve a growth rate of over 10 percent in the 80s.
Abstract This paper explains that the textile industry is one of the most import industries in Thailand. The author examines the business conditions and cultural conditions in Thailand. The paper explores the textile industry itself. Includes copies of some sources.
From the Paper "The textile and garment industry in Thailand is currently one of the most important industries in the nation. Thailand has one of the more successful economies in Asia although it has struggled with debt and with an unstable currency. The nation also suffers from unrest among its Muslim minority populations generally located in the southern regions and this unrest could threaten the popularity and effectiveness of the prime minister. Against this backdrop, the country also faces ..."
Abstract The impact of globalization on the women of Thailand is examined in this article. In this paper, the analysis presents an overview of Thailand's economic growth. The writer also discusses the impact of that growth on the social and political structures. Further, the writer looks at the roles of women in the context of such change.
Tags:Thailand, globalization, social roles, religious hierarchy, Women, Buddhism, Globalization
Abstract The paper includes analyses of the recent trends in Thailand's economy throughout history with a special focus on the events leading to the "East Asian Market Crisis" of the 1997 which originated in Thailand. The paper provides empirical evidence of what caused the crisis and what has been subsequently done in order to eradicate the negative effects of it on the economy. The paper mentions the future outlook of the economy.
From the Paper "The ASEAN countries, or those that form the Association of Southeast Asian Nations, have enjoyed unprecedented economic growth rates in the past 40 years. Although these countries, namely Thailand, Singapore, the Philippines, Indonesia and Malaysia, constitute about 1.5 percent of the world economy (Hill, 832), they share about 5 percent of the world trade which makes their case a highly unique one. How these countries managed to increase their per capita income at an annual average rate of 5.5 percent during 1965-1990 (Rodrik, 13), remains a subject of avid study."
Abstract This is a memorandum about urban bias and urban development in Thailand. The paper looks at the percentage of people who live in urban areas as well as the general economic situation.
Abstract This paper explains Thailand and its recovery from the 1990s Asian financial crisis. The author presents the situation arising from the Thai government's decision to float the bhat. The paper stresses the relationship between economics and national security.
From the Paper "On July ..., Thailand experienced an economic shock that impacted a number of distant countries. As Gerald Fry put it, "The decision by the Thai government to float the Thai baht caused a free-fall in the value ...""
Abstract This paper examines how prostitution in Thailand is practiced on such a large scale that it has become almost a way of life. The history of prostitution in the country goes back a long way, but it was internationalized during the Vietnam War when large numbers of American soldiers made Thailand their "R&R" base. Since then, an increasing number of sex tourists have patronized the sex trade in Bangkok and certain other cities. The sex workers in Thailand comprise both "free" and "forced" prostitutes, both of whom are exposed to a number of risks, such as exposure to dangerous diseases, exploitation, and violence. The profession does, however, provide a living for a large number of poor women, and the sex industry in Thailand is big business for many, including the thriving tourist industry.
Outline
History of Prostitution in Thailand Causes of Prostitution in Thailand Profile of the Sex Worker in Thailand Health Issues
Effect of Prostitution on Other Thai Women
Helping Sex Workers
Conclusion
From the Paper "The single biggest cause of prostitution in Thailand is without doubt poverty. Poverty is, as Mr. Shahabudin notes, ?a vicious force that drives families to sacrifice their daughters to prostitution.? Most surveys of "massage girls" in Bangkok show that over 70% of the girls come from poor farming families and almost all of them send part of their earnings home to feed their families. Many of them come from refugee families who have lost their land on which they farmed previously; now these families have little choice but to send their children out for work in order to survive. The incentive for making income through prostitution in Thailand is overwhelming for poor peasant girls: Catherine Hill (1993) quoting Pasuk Phongpaichit, author of From Peasant Girls to Bangkok Masseuses ( 1982, 8) writes that prostitution in Thailand offers ?wages up to twenty-five times the wages to women in other industries.?"
Abstract This paper evaluates the marketing strategies of Coca-Cola and Pepsi in Thailand and the United Kingdom and recommends effective marketing strategies for each country. The paper presents the soft drink industry statistics for each country and examines the market trends over the years.
Outline
Introduction
Thailand Coca-Cola in Thailand Pepsi in Thailand Suggested Marketing Strategies for Thailand United Kingdom
Coke in the United Kingdom
Pepsi in the United Kingdom
Bottled Water Market in the UK
Recommended Marketing Strategies for the UK Market
Conclusion
From the Paper "Coca-Cola and Pepsi, rated among the top companies in the world share a common fact ? for several years, both these companies have been successfully selling a simple product made of water and sugar to almost all countries. This would have been impossible unless the companies were able to create sustained excitement over their products and brands among the people and its employees. (Davis and Dunn, 2002) "
Abstract This paper discusses the pre-Sukhothai and post-Sukhothai era as it relates to Thailand. This paper examines the evidence that proves the Sukhothai era brought about the birth of the Thai people who were considered a separate entity from the Sukhothai culture. The writer of this paper also details the geographical makeup of Thailand, which is more than double the size of Wyoming. This paper focuses on Thailand's culture, religion and economy. The total population of Thailand is over 64 million and the main languages are Thai and English as well as ethnic and regional dialects. Major industries in Thailand include tourism, textiles, agricultural processing, beverages and tobacco. The writer contends and explains why the Thai people are very proud of their unique culture and are unwilling to accept the influences of any outside cultures.
From the Paper "In terms of Thai kingdoms, Sukhothai is supposed to be the first Thai kingdom and their behavior is supposed to reflect the first true Thai behavior. They were followed by the Ayudhaya kings and their kingdom and culture were finally destroyed by the invading armies from Myanmar. The people of the two nations have always been great rivals. The kingdom of Ayudhaya and its capital city was very imposing in the period and also impressed the Portuguese, Dutch, and Japanese who visited that kingdom, and those people also built up their own settlements. The kings were very powerful and the ordinary citizens were not permitted to even look at the king directly. At the same time, they had good diplomatic skills and that stopped Thailand from being captured by Britain or France, though they lost the areas of present day Laos and Cambodia to France and some of the Malay states to Britain."
Tags: culture, history, buddhism, religion, economy, tourism, asian
Abstract This paper explains that sex tourism in Thailand is open, booming and gaining the reputation of being the whorehouse capital of the world. The history of sex tourism in the Thailand and the various factors that attract foreigners and sex workers to the country's red light districts are explored. The author lists different forms of prostitution in Thailand and the country's legal stand on this industry. In addition, the paper probes the prevalence of child prostitution in the country and the health issues plaguing the sex workers, particularly HIV/AIDS.
Table of Contents:
Abstract
Introduction
Sex Tourism in Thailand Prostitution: History & Current Situation
Why Become a Sex Worker
Attractions of Thai Sex Trade
Types of Prostitution in Thailand Child Prostitution
HIV/AIDS
Conclusion
From the Paper "Like adult prostitution, poverty seems to be the root cause in the proliferation of child prostitution in Thailand. Children, brainwashed to think that obtaining money through sex is good, would offer themselves to people mostly fifty years old or above in exchange for material favors. In many cases however, children are sold or trafficked by organized crime syndicates for prostitution. End Child Prostitution in Asian Tourism, an international organization, founded in 1991 with headquarters in Thailand, estimates that there are about a million children worldwide who are lured into the sex industry each year."
Abstract This paper discusses a number of factors affecting and influencing small and medium size enterprises in Thailand. The paper looks at the industrial sector and its regulators, what may impede the growth of these enterprises, taxes and laws affecting the operation and ownership of businesses and requisites for entrepreneurship.
The Industrial Sector and Its Regulators
Growth Impediments to SMEs in Thailand Income Tax and Laws for Foreigners in Thailand Small Retailers vs Big Chains
Business in Thailand Only 2% E-Commerce
Requisites for Entrepreneurship
From the Paper "The industrial sector has contributed the most to the economic growth of Thailand, with manufacturing as its most important sub-sector , followed by construction, mining and quarrying. Manufacturing, accounting for approximately 25% of each addition to the incremental Gross Domestic Product, has relied heavily on agricultural products, such as rubber, textile, food processing, beverages and tobacco. Employment in the manufacturing sector has constituted more than more than 25% of the labor force Thailand's most important exports have been processed food, leather, wood, rubber and basic metals. The industrial sector is under the supervision of the Ministry of Finance, the Board of Investments, the Ministry of Commerce, the Ministry of Industry, the Industrial Finance Corporation, the Bank of Thailand and the National Economic and Social Development. The Ministry of Finance administers taxes and duties and provides refunds on exports and has a decisive role on government equity participation, foreign borrowing for project support and protection through tariff. The Board of Investment provides incentives for investments."
Abstract This paper provides a history of the country of Thailand, the origins of its people and culture. It then provides very specific demographic details of population make-up and birth-death statistics. It then analyzes various factors such as the geography, climate, education and religion. It analyzes Thailand's attraction as a tourism location, specifying poplular regions. It examines how Thailand has developed today and how it is coping with the economic situation in the Far East.
From the Paper "Thailand covers a land area of 513,115 square kilometers, from North 5? 30? to 21? and from East 97? 30? to 105? 30?, and extends about 2,500 kilometers from north to south and 1,250 kilometers from east to west, with a coastline of approximately 1,840 kilometers on the Gulf of Thailand and 865 kilometers along the Indian Ocean.
Thailand whose origins are known were Khoms, who spread from a powerful Indian influenced kingdom in Kampuchea. The Thais are thought to have migrated from China, somewhere on. From there, they moved to the southern Chinese province of Yunnan and, later, further down towards Siam. But peasant communities already inhabited long before that appended, parts of the land. Siam is the name by which the country was known to the world until 1939 and again between 1945 and 1949. On May 11, 1949, an official proclamation changed the name of the country to "Prathet Thai", or "Thailand", by which it has since been known. The word "Thai" means "free", and therefore "Thailand" means, "Land of the Free.""
Abstract The paper provides a history of Thailand as well as statistics of its demographic make-up. It shows that, while Thailand's economy is one of the fastest growing in the world, 12% of the population live below the poverty line and over 50% are involved in agriculture. The paper examines the challenges of economic advancement with its demographic make-up faced by Thailand, such as alleviating disparity between regions, investing in skilled and creative workers and on the other hand protecting the culture of the people and the natural environment.
From the Paper "But is Sciolino right her assumption, at least what is expressed in her article that most of the effects of demographics are negative? Its true that Thailand has experienced many social, political and economic changes due to changes in its demographics. For example, Thailand's reproductive revolution has been the catalyst for economic changes. This and other trends of globalization and modernization have transformed Thai society. Women are shying away from having several children to having fewer or none. This is a critical period for Thailand and a culture shift that could have positive effects on the population and the economy."
Abstract This article looks at the presence of Muslim terrorism in Thailand. The writer discusses the Malay Muslims in Southern Thailand. The paper looks at wars against Muslims throughout the history of Thailand. The writer studies conflicts in the nation-state apparatus and Muslim activism. The writer also discusses the encounter between the Thai government and Muslim separatist insurgency in the post-9/11 world.
From the Paper "Samuel Huntington's thesis that future geopolitical instability and insecurity would be more cultural than ideological or economic was met with derision when it first appeared. From the right, Fukuyama made the case that the West's Cold War victory was permanent. From the left, it was said that the West had only itself to blame for future conflict. Islamic fundamentalism was not the fault line of the future, but a fragmentary non threat that cannot be reassembled. Another critic accused Huntington of just calling traditional power ... "
