Course Project Proposal Essay Example | Topics and Well Written Essays - 750 words

Course Project Proposal - Essay caseThailands private sector is therefore whole. The well-developed physical infrastructure also distinguishes it from many other Asiatic economies. In terms of natural resources, Thailand has large stretches of fertile land and favorable growing conditions that gives Thailand a strong agrarian foundation on which it has built a complex, multifaceted economy, which is now well established in the industrial and high technology sectors (Encyclopedia of Modern Asia, 2006).Its economy was one of East Asias best frugalal performers during 2002-2004 (as it was also in the 1960s and 1970s (countrystudies.us)) when it experienced a rapid increase in gross domestic product to over 8%. The GDP past stabilized to between 5-6% for a few years thereafter, and then declined into the red in 2009 due to the worldwide recession. Inflation was very high last year (9.2% in July, 2008) but Thailand is currently experiencing a deflation of its economy. The rate of un employment is low. It stood at 1.2% in September 2009.Thailands economy is heavy export dependent, with exports accounting for more than two thirds of GDP (tradingeconomics.com). This was over 70% in 2008 (state.gov). Thailands exports were $175.3 million and imports were $175.1 billion in 2008. Thailands main export commodities are agricultural products, textiles and footwear. It is the worlds jiffy largest exporter of gypsum, leading supplier of rice and a major exporter of shrimp (tradingeconomics.com). it also has strong automobile, high-technology, and electrical thingumabob industries that are now exporting to other countries and therefore also contributing to Thailands overall economic growth. Its main import commodities are capital goods. In 2009, Thailand has been consistently enjoying a positive balance of championship whereas it was fluctuating in 2008.Within Thailand itself, privatization and liberalization are helping to