This chapter discusses Thailand's shift from subsistence farming to an industrialized economy marked by foreign investment. It analyzes the vulnerabilities that preceded the Asian financial crisis and highlights the country’s recovery through tourism, exports, and infrastructure development.
Thailand has faced decades of political turmoil, but its economy has continued to grow, defying the odds. Strategically located and driven by strong industries, Thailand has managed to navigate through coups and crises. However, with ongoing challenges, can Thailand continue its upward trajectory and secure its place as a leading economy in Southeast Asia?
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