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Essay

Study and Analysis of Thailand's Developing Economy

Essay specific features

 

Issue:

Social Issues

 

Written by:

Nancy L

 

Date added:

June 9, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

9 / 2294

 

Was viewed:

751 times

 

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Essay content:

In the 1950's, the Thai economy managed to grow at an average rate of approximately 5% per year. By the mid 1960's, the average annual rate of output growth had increased to 8.4%. Due to the sharply increasing petroleum prices in the 1970's, Thailand's growth slowed temporarily, in part due to heavy dependency on oil as a fuel source...
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Due to the sharply increasing petroleum prices in the 1970's, Thailand's growth slowed temporarily, in part due to heavy dependency on oil as a fuel source. By the late 70's, aggregate output in Thailand had increased to the point that average growth per year was near 7% (Muscat, 2-3). It must be noted, nonetheless, that some of this amazing economic growth was due to U...
displayed 300 characters

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