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Thailand Lauren Stewart and George Panagiotopoulos
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About Thailand Total Area: 513,120 sq. km Type of Government: Constitutional Monarchy Prime Minister: Prayuth Chan-ocha Capital: Bangkok Currency: Thai Baht Population: 67.4 million
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The Thai Political Crisis
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Thailand’s Current Economy and Population
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Why Unemployment is so Low At a.7% unemployment rate it’s important to understand the reason why Still Developing as a Country; over 40% of labor force works in agriculture* Underemployed still means Employed, Shades of Grey* Fertility Rate decreases, while retiree’s increase “No Free Lunch” *
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Thailand’s Economic History
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Thailand’s Industries Tourism: A pillar industry accounting for 10% of the economy Possible impacts on tourism: Political instability, natural disasters, terrorism Agricultural: 40% of the labor force is in the agricultural industry This accounts for the very low unemployment rate The Shadow Economy: Feeds off of the tourism industry The sex industry in cities
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Sources https://tourthaitour.wordpress.com/pages/economic-impact-of-tourism-in-thailand/ http://www.cnn.com/videos/business/2014/05/20/intv-wbt-thailand-economy-hana-microelectronics-ceo- han.cnn http://country-facts.findthedata.com/l/134/Thailand http://www.afr.com/opinion/thailand-election-wont-solve-the-political-crisis-20150524-gh8brj https://www.cia.gov/library/publications/the-world-factbook/geos/th.html http://dupress.com/articles/asia-pacific-economic-outlook-q2-2015-thailand/ http://www.bbc.com/news/world-asia-15641745 http://knoema.com/atlas/Thailand/topics/Tourism/Travel-and-Tourism-Total-Contribution-to-GDP/Total- Contribution-to-GDP-percent-share http://www.oxfordbusinessgroup.com/news/thailand-record-arrival-numbers-bode-well-tourism
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