Thailand with a population of close to 70 million people and ranked 50th in terms of global land mass is a relative small country economically. On the brighter side of things it is the second largest economy in South East Asia, a member of the new tier. Over the last 45 years, the Thai economy has undergone a substantial transformation. Agriculture was the largest sector in terms of contribution to the GDP though there was an active contribution from the non agricultural sectors as well. The winds of change were seen during the early 1990’s when the Japanese took a labour intensive approach ...
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