Rich Thais, poor Thais
Article Abstract:
Thailand's continuing economic success masks a steep gap between the urban rich and the rural poor. Government economic efforts have neglected the rural areas causing sizeable migration of rural folks into the city. It is only in the areas of tourism and traditional agriculture where the Thai government has shown support for rural development. It is suggested that the government increase its infrastructure development in the countryside and provide subsidized utilities to rural areas to bring them closer to the level of development in Bangkok and other cities.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Cooling off
Article Abstract:
The Bank of Thailand, the country's central bank, reportedly reduced its forecast of gross domestic product growth for 1993 from 7.8% to 7%. However, the government has reiterated the 7.8% forecast. Thai exports went up by 9.7% in the first four months of 1993, while the overall trade deficit stood at Baht 83.5 billion compared to Baht 62.3 billion in the first four months of 1992. The current-account deficit likewise increased. Reduced inflation may prompt increased government spending on infrastructure.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Back to business: Bangkok tries to keep economy on course
Article Abstract:
The Thai government is trying to boost the country's image with foreign investors, tourists and traders in the aftermath of the May 1992 massacre of pro-democracy demonstrators. Government officials fear that the economy may suffer if the country is passed over as a destination of choice by potential investors and tourists. State planning officials have already predicted that private investment in 1992 will remain unchanged from the previous year's level.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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