Got a tricky question? Receive an answer from students like you! Try us!

The ongoing transformation of Thailand The last 100 years - Essay Example

Free
College
Author : wgreenholt
Essay
Finance & Accounting
Pages 2 (502 words)
Download 0

Summary

A hundred years ago,Thailand was a struggling third world nation.Aside from the patriot's claim that they were the only nation that was never colonized by a foreign power,there is nothing else to boast about.In the years after the Second World War Danny Unger,quoting a World Bank source has this to say about the economic state of Thailand.

Extract of sample
The ongoing transformation of Thailand The last 100 years

In a report on Thai public sector developmental roles,the World Bank argued in the late 1950's that Thai government agencies worked without a guiding vision and that as a result state initiatives were uncoordinated and ineffective.The administrative apparatus was hobbled by tradition,hamstrung by status concerns, and short on personnel with technical skills; it lacked cooperation across departments and suffered from diffuse authority and responsibility.Thailand's did not forever remain mediocre.The same institution that lambasted her,suddenly heaped praises upon this Asian nation,again Unger states,"Thirty-five years later the World Bank was reporting that Thailand had registered the most rapid economic expansion in the world between 1984 and 1994." In the same book,Unger records what he discovered in the course of his research.The abilities of Thai public officials and the performance of Thai State institutions, for example, did improve during the 1960's and thereafter.Nonetheless,the more important story in Thailand is the willingness and ability of Thai state officials, beginning in the late 1950s,to encourage private investment. It can be said that from three major changes were made that contributed to Thailand's economic boom:1) Improved governance; 2) Improved Education for its citizens,and a change of perspective or letting go of the past. With regards to the third aspect mentioned by the authors as part of a national overhaul of Thailand's government policies,O'Reilly and Habegger explain the change of perspective concerning Thailand's Buddhist roots. ...
Download paper

Related Essays

an MNE establishing a 100% owned Greenfield factory in thailand to manufacture compact sedans for australian and south east asia
In this essay we will conduct an investment analysis of Thailand. We will discuss political risk, social risk and economy risk of Thailand. All the discussion will help an MNE that is trying to establish a 100 percent owned Greenfield factory in Thailand to manufacture compact sedans for Australian and South East Asian customers. There are many factors that can affect the decision of the MNE and all these factors will be discussed in great detail. Political Risk of Thailand Thailand is a country where political institutions are not as strong as in the developed world. The country has had many…
6 pages (1506 words)
Retail industry in last ten years
The paper also analyses the role played by the mergers and acquisitions which had led to successful operation of the few big organization in the retail industry. Changes in the retail market: The general overview regarding the retail market has changed considerably over the last ten years. Originally the retail market signified a clothing market which primarily involved a made to order market, but in recent time, the dimension changed and it emerged as a ready to wear market. The standard practice of the retail market involved customers flipping through the product catalogue, selecting the…
8 pages (2008 words)
Commentaries on a company's performance over last 2 years
This means that the company’s inventory has been higher than the sales in the year 2012-13. This is not favorable position since inventory piling up indicates that money is tied up in inventory. Then, receivable days have been calculated, and this has reduced in 2012-13 from the previous year. This means that the company is in good position in respect to its debtors since lower receivable days indicates that the company takes less time to collect the receivable amounts. By faster receive of due, collection related problems get reduced, and also the company has improved its profitability and…
3 pages (753 words)
Managerial roles has changed last 5 years
Technology has become the driving cause in organizational change and development. In order to preserve an organization's existence or to sustain its profitable growth, management must adopt and react to the changing world. Managerial roles evolved from traditional specific functions to a more cross-functional role and having cross-business knowledge with higher expectations from stakeholders and better performance in the organization. Today's information age organizations operate in an integrated and complex business processes that goes beyond traditional functions like manufacturing,…
6 pages (1506 words)
Workplace Change Over the Last 1015 Years
In addition, 63 percent of the executives also said that technology is also the future enabler of working styles in the future. Nevertheless, technology ranked fourth among the priority list of these executives in as far as the driving of businesses is concerned; after better productivity, culture, and cost reduction. According to these executives, VoIP, wi-fi, and ultra-mobile PC's are some of the technologies that will greatly impact on the workplaces in the next five years (Carr 2006).…
7 pages (1757 words)
Transformation
This is the ultimate goal of my program, Teaching Math for a Better America (TMBA).…
6 pages (1506 words)
an MNE establishing a 100% owned Greenfield factory in thailand to manufacture compact sedans for australian and south east asian customers
All the discussion will help an MNE that is trying to establish a 100 percent owned Greenfield factory in Thailand to manufacture compact sedans for Australian and South East Asian customers. There are many factors that can affect the decision of the MNE and all these factors will be discussed in great detail.…
6 pages (1506 words)