Thailand Corruption Issues

Thailand attracted transnational companies (TNC) based on its rich natural resources and role as a new market for TNC to expand their business operations. This benefit the local community since TNC will utilise high technology capital goods like machinery to promote the quality and quantity of production. Apart from that, TNC manage business operations well by executing efficient management policies to ensure reasonable profit margins. So, local Thai producers may learn and adopt the technology advancement and efficient management policies to improve the efficiency and productivity of their

When Thailand joined in AEC there are advantage and disadvantage. When the AEC opened and joined together that make an opportunity to get a good job after graduated because the immigration and customs are not difficult to entrance more than past including logistics. Thai people can work a job which they choose in the other country comfortably Aat Pisanwanich said “Thailand had yet to arrange for the new challenges that will be presented by the AEC” such as a doctor which the job in AEC that invited and wanted as the doctor of Thailand are superior and to be experienced in all skills. In contrast, the doctor More than 50 per cent of medical practitioners did anticipate some benefits from the AEC. However, they preferred to stay in Thailand rather than other Asean countries because of the Kingdom’s high model of medical services. They also don’t want to have to adjust to new cultures. Many want to go to developed countries in North America or Europe when they upgrade and grow their career paths and the weakness when AEC opened is the foreigners are snatching the job that make Thai people to be an unemployable person. Thailand suggestion financier world-class foundation. Market and trade agreement are made easier through Thailand’s far-reaching highway system, modernize city-wide mass transit, international airports, deep sea ports, and international river ports. As the center of ASEAN, Thailand information for free and fair market. It is influential in the production of the ASEAN Free market Area and a endorser to a number of other free market. Moreover, in the industrials case the labor from the others country are received the minimum wage less than Thai people that a reason why the employer of Thailand is almost to select the labor from Laos, Myanmar, Malaysia, Philippine, Singapore, Indonesia and Vietnam for reducing the expense; the minimum wage for labor cost from the other country only 300 Baht per day for the cost of living and

Question 2: How can Better Way stay on the top in Thailand while it looks to expand internationally?

Opportunities that are coming across are the usage of technology for marketing and targeting of a set of customers and expansion of the resort to accommodate in more customers. Threat, the political unrest that is disturbing the atmosphere in Thailand is a major factor to stop from customers to choose the country, as long as the problems do not affect Krabi to a very great extent, and recent global economic downturn is making people think thrice before spending every penny. PEST Analysis: The ongoing political unrest seems to be a major threat as customers may question the security of the area and the suitability to the situation. On the part of the government it will be much better on part of the government to resolve any unrest in the country to handle their economic situation that is fairly fallen down more post the recession problems. As far as economical situation is considered, recovering from the global recession just brings in more opportunities to try in newer strategies and come out as champions, or try again. In terms of long-term access to data, this decision can help the GDP of Thailand to a great extent as the main income pre-recession was tourism and must continue along the same paths, so success of our strategies has to be important. Socio-culturally,

Growth in the agricultural sector has been driven by increased production of major food crops such as maize, sorghum and cassava, but the sector’s performance remains below potential. In turn, the services and industrial sectors have shown strong growth. The nascent banking sector and expanding telecommunications sector are key drivers behind services growth, while construction, electricity generation, manufacturing and mining are salient sub-sectors in industrial activity. Looking ahead, the banking and telecommunication sectors will continue to support services growth, while increased electricity generation capacity will benefit the expansion of the manufacturing

And Thai government should improve standard legal and institutional framework, enhancement of good governance and transparency, capacity building, ensuring fair competition, balanced liberalization and sustainable development, full participation of the host economy

Thailand’s most important exports were manufactured goods. It accounted for 81% of exports. These included clothing, electronic parts and components, furniture and jewelry.

The economic boom of 1977 to 1997 had a dramatic impact on Thailand’s northern villages. While the center of the country, Bangkok, was rapidly industrializing, the north fell behind. Due to a lack of income and resources, the north had to watch the

As noted in World Summit on IT, Information and Communication technology is acting like a catalyst in making development to social and economic system of the world. ICT is expected and already raising production, creating

After a decade of sustained growth, the current situation in Thailand is one of unprecedented economic turmoil. The countries exports have halted, foreign investors have become hesitant with their money due to the account deficit, the stock market plummeted, and big loans made by banks have caused a large accumulation of debt. Typical causes of an economic crisis, such as: high debt, large current account deficit, deregulation of the banking industry without proper controls in place, and a semi-fixed exchange rate are all at the forefront of the nation’s current economic state.

Research into Thailand showed that Thailand’s budget deficit narrowed to $4.2 billion (USD) from $5.1 billion (USD) in 2009. This demonstrates that the government is committed to meeting its foreign debt obligations and has not overextended itself concerning external borrowing. The baht (Bt) will remain strong against the United States dollar and the Bank of Thailand (central bank) will continue to intercede in the market if necessary to limit currency instability. Thailand’s banking sector is currently in a healthy state. It is adequately capitalized and has recorded strong profits in the last couple of years. Thailand’s political risk remains high due to the impending passing of the king and the difficulties that the prime minister has had with the House of Representatives. The economic structure risk is minimal even though the GDP growth has been low in the recent years, but Thailand has demonstrated a strong rebound in 2010 (Economist Intelligence Unit: The Economist [EIU], 2011).

How can Better Way stay on top in Thailand while it looks to expand internationally?

Australia and Thailand have longstanding and deep connections. These two countries cooperate in a broad range of areas of mutual interest, which mainly includes trade and investment, law enforcement, counter-terrorism, education, security, migration and tourism. The bilateral relationship is supported by mutual membership of international and regional organisations. The steady relationship between these two countries facilitated a dramatic increase of two-way trade and investment over the last decades.

The country of Thailand is an emerging nation in the globalized world. Over the past two decades, the country has experienced a multitude of changes in the political, economic and international arenas. As a nation, it has survived the economic crisis of 1997, the tsunami of 2004, the government coup in 2006, the flooding of 2011 and is preparing for a change in the views of the nation with the demise of their king. The AIDS explosion in the late eighties and early nineties seems to have targeted the country and the sex industry placing Thailand on the map for many of the wrong reasons. As Thailand continues to confront its own

Economic Considerations: Thailand is great developing country because of the smart economic policies but political environment is not stable so there is effect for investors to pay attention much to invest.