Chapter you: Economic Background
1 . 1Economic background of Thailand
In the decade that ended in 1995, Thailand sustained strong development and effectively reduced the poverty. Sadly, Thailand undergoes Asian financial disaster in the year 1997 to 1998. However , Thailand starts to get over the turmoil in the year 2002 to 3 years ago and enjoyed solid progress averaging about 5% annually. Due to the global financial trouble happened back in 2008 to 2009, the economy of Thailand contracted once again and thus decrease the quantity of foreign trade. Nonetheless, Thailand's economic activities slowly rebounded after the problems and the government predicts which the economy can grow five. 5 and 6. five per cent in this year.
In the year 2011, Thailand's work force is 39. 62 mil, about 45. 7% in agriculture, 13. 2% in industry and 46. 1% in solutions. In 2005 women constituted 48 percent of the labor force and held an increasing talk about of professional jobs. The unemployment rate for 12 months is zero. 7% as the inflation level is three or more. 8%.
The natural methods that can be obtained in Asia are in, rubber, gas, tungsten, tantalum, timber, business lead, fish, gypsum, lignite and fluorite. The products of cultivation include grain, tapioca, rubber, corn, sugarcane, coconuts and soybeans. There are many types of industry in Thailand too. For example , travel and leisure, textiles, clothing, agricultural digesting, cement, included circuits, charms, electronics, petrochemical, and auto assembly.
The main markets pertaining to export are ASEAN countries, Europe, China and tiawan, United States., Japan and Hk. The products will be automatic data processing equipment and parts, automobiles and parts, precious stones and jewelry, refined energy sources, rubber, digital integrated brake lines, polymers of ethylene and propylene, rice, rubber companies chemical products. While Thailand import commodity future trading, machinery and parts, electric powered machinery and parts, chemical substances, iron and steel and their products, power circuits...