Tourism is a key service sector, with Thailand sporting a strong attraction to tourists from the West and East Asia. Tourism is the largest source of foreign exchange. However expenditure per visitor is low compared to neighboring countries as well as internationally. (Davies, 2002) The Thai economy is export-dependent, with exports accounting for 60 percent of GDP...
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(Davies, 2002) The Thai economy is export-dependent, with exports accounting for 60 percent of GDP. Thailand's recovery from the 1997-98 Asian financial crisis relied largely on external demand from the United States and other foreign markets. The Thaksin government took office in February 2001 with the intention of stimulating domestic demand and reducing Thailand's reliance on foreign trade and investment...
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