Thailand
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From being an agricultural nation, today Thailand is moving to join the rank of the newly-industrialized countries (NICs). Manufacturing has now become the leading factor in Thai economy. Due to its abundance of natural resources, fertile land and ideal growing conditions, Thailands exports have enjoyed and impressive growth in recent years.
Today, among Thailands top manufactured export products are: textiles and garments, gems and jewellery, leather goods and footwear, computer and components, integrated circuits, plastic products, toys, electronics and electrical appliances, and automobiles.
Thailand mainly imports electric and electronic equipment, mineral fuels & oils, machinery, iron & steel, and plastics. Thailand is also a major trans-shipment point for illicit heroin and has become a drug money-laundering centre.
Major export items of Thailand included:
1) Textiles and footwear
2) Fishery and agricultural products (e.g. rice and rubber)
3) Jewellery
4) Automobiles
5) Computers and electrical appliances.
Major import items included:
1) Capital goods
2) Intermediate goods and raw materials
3) Consumer goods
4) Fuels.
The position of Thailands export products in the world market is now:
The worlds largest exporter of canned pineapple and canned tuna,
The worlds number one exporter of rice, rubber, chilled fish and prawns,
The worlds largest exporter of precious stones,
The worlds second largest exporter of sugar and tapioca products,
The worlds third largest exporter of hard disks and integrated circuits.
The worlds fourth largest exporter of frozen chicken, maize and cut flowers.
In fact, Thailands remarkable achievements in her export performance are due to its competitiveness in terms of price and quality, backed up by a skilled, flexible and efficient labour force. In addition, though Japan, the US and EC are still the major markets for Thai exports, Thailand still takes the opportunity to penetrate newer markets such as the Middle East, South America and Eastern Europe as exports have become vital to the Thai economy as a whole.
Question b