An Analysis of Thailand's Economic and Political Landscape

This report offers an analysis of the Thai economy, exploring the influence of political factors and their impact on economic stability. It examines key aspects such as the country's reliance on exports, the role of the military government, and the effects of structural bottlenecks on GDP growth. The report also delves into the effects of fiscal policies, particularly front-loaded fiscal spending, and its impact on trade volumes. Additionally, it references the impact of the political landscape on the economy, including the impact of drought and the fluctuations in the global market. The report concludes by highlighting the importance of political stability for Thailand's economic development and provides references to several economic studies. This analysis provides insights into the challenges and opportunities facing Thailand's economic development.

International business

Introduction
Among most of the developed economies Thailand become one of the renowned one due
to its fast growth path and positive account surplus.
Though the economy has high amount of dependence on the exporting based economy, it
can be arguably one of the most stable and growing economy within the Asian continent
(Santandertrade.Com).
One of the main political issues within the domestic economy of Thailand can be seen
due to the lack of comparative advantage of production in capital based goods due to the
fact that aged population of the economy is highly unskilled.

Economic outlook

Economic environment

Inflation rate

Political environment
Thailand is a
kingdom and it
has constitutional
monarchy
Presently the
country is governed
by the military led
government
Manners and
customs are well
defined within the
domestic framework
king is the Chief of
State who is being
selected by the
means of hereditary
process.
Prime minister is the Head
of Government and holds
all sort of executive
powers including
amendment of the
constitution.
On the other hand,
domestic economy
under the present
military rule is highly
volatile and uncertain

How political environment shaping
the domestic economy of Thailand?
Since 2014, political power of the Thailand’s domestic government has been controlled by the
military power that has transformed the domestic economic stability by a large extent.
Recent drought and fall in the global growth has also hampered the interest of the economy of
Thailand and it can be seen that GDP during the recent year has been 5 year low due to the
structural bottleneck. Contrary to this, as per the economists, there will be rise in the GDP post
2019 once the domestic economy starts to overcome from the drought driven poor performance
and new government is elected (Moore et al.).
Front-loaded fiscal policy is predictable to help preserve the impetus in public investment. In
addition to this, it has been seen that the beginning of the financial year 2017, the Ministry of
Finance has extended the front-loaded fiscal spending by expediting budget execution due to the
rise in the tariff rate during the present date that has also reduced the trade volume (Phongpaichit
et al.). Thus under the fluctuating market scenario, it can be seen that political unitability within
the framework of domestic economy of Thailand will provide a rough impact on the economic
development of Thailand.

Reference
"Economic And Political Outline Thailand - Santandertrade.Com."
En.portal.santandertrade.com. N. p., 2018. Web. 10 July 2018.
Moore, Joel D., and John A. Donaldson. "Human-scale economics: Economic growth and
poverty reduction in Northeastern Thailand." World Development 85 (2016): 1-15.
Phongpaichit, Pasuk, and Chris Baker, eds. Unequal Thailand: Aspects of income, wealth and
power. NUS Press, 2015.
Grote, Ulrike. "Can we improve global food security? A socio-economic and political
perspective." Food Security 6.2 (2014): 187-200.
Guo, Yidi, Quy Nguyen Huy, and Zhixing Xiao. "How middle managers manage the political
environment to achieve market goals: Insights from C hina's state‐owned enterprises."
Strategic Management Journal 38.3 (2017): 676-696.