thailand lauren stewart and george panagiotopoulos
TRANSCRIPT
ThailandLauren Stewart and George Panagiotopoulos
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
The Thai Political Crisis
Thailand’s Current Economy and Population
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” *
Thailand’s Economic History
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
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