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The Fifth Tiger: Study Of Thai Development Policy



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This article discusses Thailand's economic development and its reputation as the Fifth Tiger, following the Four Tigers of South Korea, Taiwan, Singapore, and Hong Kong. It is a study of Thailand's development since 1955. more details
Key Features:
  • Rapid economic growth: Thailand's economy has experienced significant growth since the 1950s, with an average annual GDP growth rate of 7.5% between 1955 and 1996. This growth has been driven by industrialization, export-oriented policies, and foreign investment.
  • Industrialization: Thailand has successfully transitioned from an agricultural-based economy to an industrial one, with manufacturing and services sectors contributing significantly to its GDP. The country has also become a major exporter of manufactured goods, particularly in the electronics, automotive, and textile industries.
  • Export-oriented policies: The Thai government has implemented policies to promote exports and attract foreign investment, such as free trade agreements, export promotion zones, and tax incentives for foreign investors. This has helped to boost the country's export sector and increase its competitiveness in the global market.


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Manufacturer M.e. Sharpe
Description
This article discusses Thailand's economic development and its reputation as the Fifth Tiger, following the Four Tigers of South Korea, Taiwan, Singapore, and Hong Kong. It is a study of Thailand's development since 1955.

Thailand's dynamic economic development has earned it a reputation as the Fifth Tiger (following on the heels of the superperforming Four Tigers - South Korea, Taiwan, Singapore and Hong Kong). This is a study of Thailand's development experience since 1955.
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