Amazing Thailand

Sunday, February 1, 2009

Thriving Thailand

Thailand has done extremely well on the economic and industrial front. Be it export business, industries, energy, agriculture, services, or telecommunications, Thailand is not lagging far behind other countries.
Thailand’s economy is booming and is largely due to its export business of rice and agricultural products. Other products that are exported and contribute to the country’s GDP are tin, textiles, fish products, tapioca, jewelry, gemstones, computer, and electronic appliances. Industries and services contribute 32 percent and 48 percent respectively to the country’s economy while agriculture contributes around 13 percent.
The capital of Thailand, Bangkok is noted for its gemstones and beautiful gold and silver jewelry.
Thailand has also kept pace with the Technology age and has shown a lot of progress in the field of computers and electronics. One of the projects undertaken is was that of Bangkok’s international airport and now it has been completed successfully. The airport sports two runways and several parking lots for airbuses and aircrafts. This will add more fuel to the booming tourism industry in Thailand. Tourism is an important contributing factor to Thailand’s economy.
In the retail sector, Thailand is thriving as well. Mega projects such as development of sprawling shopping malls are in the pipeline. Several foreign companies have invested in the retail business there.
The telecommunications sector has undergone many changes. The most important change was the privatization of a couple of state telecom agencies. Another major change was marked by the removal of phone locks and usage of Mobile Equipment Identity (IEMI) codes by service operators.

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By Pauline Go

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