Thailand’s baseline growth has been enigmatic over the last fifteen years; economic crashes in Asia and Europe, political coups, widespread corruption, floods, issues with the Red Shirt political movement, turmoil in the far South of the country and recent bomb threats in the capital, yet still the economy grows. This is potentially the result of Thailand’s efforts towards becoming a more diversified economy, as it moves away from being simply a tourism hot-spot and exporter of rice. Thailand currently enjoys a strong global reputation in finance, manufacturing, produce & commodities, technology, healthcare, education, automobile manufacturing and software development – an excellent GDP mix that has managed to overcome myriad issues in the last two decades. This mix should mean that Thailand will not only prosper after integration, but be able to drive regional growth as both a thought leader and model for improving baseline revenue generation amidst its peers. However, several countries within the region are also enjoying strong growth levels, and from a lower base cost of production; ASEAN economic integration will provide a platform for the accelerated growth of competitors, which may or may not prove to be detrimental to Thailand’s own designs on a thrust towards sustained expansion.
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