Economy

__Thailand __ ** I. **** Increase in Economic in Thailand  ** -Increased 7.8 (fastest pace in 15 years) -Bank of Thailand raised its benchmark interest rate -Had made a comeback ** II. **** Prime Minister Abhisit Vejjajiva ** ** - **plans to spend about a third of its 2.07 trillion-baht ($69.4 billion) ** - **will try to divide a narrow between rich and poor that fueled deadly street protests in April and May.  ** III. ** ** Curbing Capital Inflows **<span style="font-family: 'Georgia','serif'; font-size: 11.5pt;"> <span style="font-family: 'Times New Roman','serif'; font-size: 12pt; line-height: 115%;">-Helped push the baht to its strongest level in 13 years <span style="background: white; line-height: 19.2pt; margin: 0in 0in 12.75pt 1in; mso-margin-top-alt: auto; text-indent: 0.5in;"><span style="font-family: 'Times New Roman','serif'; font-size: 12pt;">-The baht has strengthened 11.6 percent this year against the dollar ** <span style="font-family: 'Times New Roman','serif'; font-size: 14pt;"> IV. Bank of Thailand  ** <span style="background: white; line-height: 19.2pt; margin: 0in 0in 12.75pt 1.5in; mso-margin-top-alt: auto;">** <span style="font-family: 'Times New Roman','serif'; font-size: 14pt;">- **<span style="font-family: 'Georgia','serif'; font-size: 11.5pt;"> Policy makers are facing pressure to keep rates on hold when they meet Oct. 20 <span style="background: white; line-height: 19.2pt; margin: 0in 0in 12.75pt 1.5in; mso-margin-top-alt: auto;">** <span style="font-family: 'Times New Roman','serif'; font-size: 14pt;">- **<span style="font-family: 'Georgia','serif'; font-size: 11.5pt;"> Baht’s appreciation will threaten exports, the nation’s main driver of economic growth. <span style="background: white; line-height: 19.2pt; margin: 0in 0in 12.75pt 1.5in; mso-margin-top-alt: auto;">Bibliography: " Thailand's Economy May Expand 7.5% This Year, 4% in 2011, IMF Report Says - Bloomberg ." //Bloomberg - Business & Financial News, Breaking News Headlines//. N.p., n.d. Web. 17 Feb. 2011. <http://www.bloomberg.com/news/2010-10-15/thailand-s-economy-may-expand-7-5-this-year-4-in-2011-imf-report-says.html>.

Thailand(Facts)


 * Suffered 1997/1998 Asian financial crisis.
 * First ecomical crisis in Thailand
 * In some ways, growth has been imbalanced.
 * It is true that growth has relied on exports, and constraints to domestic investment and consumption may be reducing the potential of local demand for Thai goods and services to pull the economy along.
 * Over the past 20 years, the incomes of all income groups have grown at about the same pace (about 9 percent per year in nominal terms).

Bibliography

"Thailand's economy in 2010: Growth in balance | Making development work for all." //East Asia & Pacific Rise//. N.p., n.d. Web. 3 Feb. 2011. [].