Thailand Economy and Politics

The Kingdom of Thailand has its official name as Siam. The land lies in Southeast Asia. The Thai Monarch or king is highly respected and looked upto. The Thai king celebrated his 60years on the throne.

Politics in Thailand: Theoretically, the king in Thailand has very little power under the constitution but he is the chosen protector of Buddhism in Thailand. However the constitution provides that the government is headed by the Prime minister appointed by the king from the houses of the lower house of parliament heading a coalition government. Thailand has a real executive -the Prime Minister and constitutional executive- The Monarch. The parliament is two chambered or bicameral and consists of The Senate and the House of Representatives comprising of 500 seats while the Senate has 200seats. Members are all elected by the process of popular vote. The duration of the term of a House of representative is 4 while a senator serves a 6 year term. The judicial structure in Thailand recognizes Supreme Court as the highest court with three layers below it.

Economy in Thailand: Thailand had once enjoyed a growth rate (highest) at an average rate of 9%annually. Thailand's currency is baht and due to the increase in 1997 it led to a damaging crisis that compelled the government to take the stringent steps like floating the currency. However the baht had reached the lowest point 56 to the US dollar in January 1998 forcing the economy to diminish by 10.2%that year. Growth rate had been hampered in 2001due to global economy lessening. Thailand exports $105 billion worth of products which involves exports of rice, textiles, rubber, jewelry, electrical appliances and others.Rice is the most important crop. The main resources of Thailand (natural) are tin, rubber, natural gas, tantalum, fish, fluorite, lignite, lignite, gypsum and others. Industries like computers, electrical appliances all contribute to the GDP. Foreign stay also contributes largely to the GDP. Thailand is the largest exporter of rice in the world, going upto export a 6.5 million tones of rice annually. 55%of the land is used for rice cultivation.

Thus this was the brief account of Thailand's Economy and Politics.

Accommodation in Thailand
Accommodation in Koh Samui	Accommodation in Pattaya
Accommodation in Phuket	Accommodation in Bangkok
Accommodation in Kamphaeng Phet	Accommodation in Kanchan Buri