If you order your custom term paper from our custom writing service you will receive a perfectly written assignment on PROFILE OF AN EMERGING MARKET ECONOMY:THE CASE OF THAILAND. What we need from you is to provide us with your detailed paper instructions for our experienced writers to follow all of your specific writing requirements. Specify your order details, state the exact number of pages required and our custom writing professionals will deliver the best quality PROFILE OF AN EMERGING MARKET ECONOMY:THE CASE OF THAILAND paper right on time.
Our staff of freelance writers includes over 120 experts proficient in PROFILE OF AN EMERGING MARKET ECONOMY:THE CASE OF THAILAND, therefore you can rest assured that your assignment will be handled by only top rated specialists. Order your PROFILE OF AN EMERGING MARKET ECONOMY:THE CASE OF THAILAND paper at affordable prices with Live Paper Help!PROFILE OF AN EMERGING MARKET ECONOMY
THE CASE OF THAILAND
NAME GE BAI BBA1 / WS000-001
TABLE OF CONTENTS
INTRODUCTIONPage 1 -
ECONONMIC POLICIESPage-5
INVESTMENT CLIMATE Page 5 -
ECONOMIC TREND AND OUTLOOKPage 10-1
SUMMARYPage 1
APPENDIX TABLESPage 14-18
REFERENCES Page 1-0
INTRODUCTION
In a very general terms , an Emerging Market is a country that is in the process of attempting to improve its economy with objective of achieving a per capita Gross National Product comparable to that of the world's more economically developed andwealthier countries. The World Bank classifies any country whose economy generates a Gross National Product per capita of less than approximately $10,000 annually as a less developed or Emerging Market country.
Most Emerging Market countries receive financial aid or support from international organizations such as the International Monetary Fund and the World Bank to help them improve their economies. Many of these countries are seeking to achieve sustained economic growth through the adoption of one or more of the following measure
·Reducing foreign debt
·Controlling domestic inflation
·Introduction of tight fiscal and monetary policies
·Privatization of large industry sectors
·Reduction of trade and investment barriers
·Developing a skilled labor force
·Stabilizing exchange rates
For global investors, the primary attraction in investing in Emerging Market countries is that they potentially offer the greatest opportunity for rapid economic expansion and high returns on investments on a middle to long-term basis. Another factor is the fact that many of these countries have yet to achieve a high degree of political and economic stability.
There are about 50 countries in the world that may be classified as Emerging Markets, and these Emerging market countries are quite diverse and vary in speed in which they are improving their economic infrastructure. Only about 15 countries are considered to be the leading countries in this category as far as global investors are concerned. Thailand is one of them.
Thailand, officially Kingdom of Thailand, a country of 514,000 sq km and roughly 61 million inhabitants, borders Myanmar( Burma ), Laos, Cambodia and Malaysia in South East Asia. Administratively, the country is divided into 76 provinces. Bangkok is the capital and by far the largest city.
Thailand has long been considered one of the more advanced developing nations in Asia, both economically and because of its commitment to developing viable democratic political institutions. With an annual per capita Gross National Product growth rate of at least 8 percent, continuously increasing foreign investment and a thriving export market, Thailand's "tiger economy" until recently was a model for other developing nations.
The Asian financial crisis, which began in Thailand in 17 and spread quickly to other nations inthe region and throughout the world, has resulted in a depression in Thailand.The Thai economy contracted 0.4% in 17 and shrank another 8.5% in 18. Foreign investment for new projects , the long-time catalyst of Thailand's economic growth, has slowed down. Unemployment has risen dramatically, and even those who remained employed faced wage cuts and delayed payments. The once thriving middle class was shrinking; disparities between rich and poor have been exacerbated. The Thai government quickly implementedInternational Monetary Fund restructuring demands in exchange for billions of US $ aid package and adhered closely to the economic recovery. Some analysts predict that it will have the fastest economic recovery in the region. Even so, most economists are now believing that the recovery will take at least 5 years.
ECONOMICPOLICIES
General Policy Framework
Thailand's economic development is based upon an export-oriented economy, bolstered by a free market philosophy. Within the last generation Thailand's economy has changed from one primarily based upon agriculture, with some light industries, to one dominated by manufacturing. About 40 percent of the Thai labor force is still engaged in agriculture. The growing service, manufacturing, and wholesale and retail trades now account for two-thirds of Thailand' GDP. After years of strong export growth, Thai export growth slowed sharply in 17, as in many of its Asian neighbors.The new government, since coming to power in November 17,has had to face Thailand's greatest post-war economic crisis. The government made promises of structural reform in the financial sector to IMF in exchange for a rescue package. The reforms and the re-capitalization of the surviving financial institutions, have progressed step by step.
There are also long term problems that are likely to negatively affect the Thai economy for some time. Thai competitiveness in labor intensive industries has been falling as its ASEAN neighbors have taken a greater share of those markets. There is a shortage of well-educated management and workers capable of shifting smoothly into higher-tech industries, where Thailand's economic future purportedly lies. Inadequate infrastructure, especially in the overcrowded Bangkok area, is an ongoing problem.
The government depends upon exports to bring the country through the current economic crisis, but they may not be the engine of recover. Exports, except in textiles and agro-industries, have not reaped the expected gains from a cheaper currency, because so many of Thailand's products are assembled with components bought abroad which necessarily come at higher prices.
Exchange Rate Policy
From 184 to 17 the Thai baht was pegged to a basket of currencies of Thailand's principal trading partners, with the US Dollar representing the largest share. The exchange rate averaged about 5 baht to the dollar during most ofthat period. However, under pressure from dwindling foreign exchange reserves, the baht was allowed to float on July , 17. It began to depreciate immediately, falling to 56 dollar by mid-January 18. As reform measures and IMF support took hold, the baht stabilized and traded around 45 up to now ( see Appendix tables ).
In 10, the Thai government announced a series of measures to liberalize the exchange control regime and accepted the obligations of the IMF 's Article VIII. Commercial banks were given permission to process foreign exchange transactions, andceilings on money transfers were increased. Since 11, banks in Thailand have offered Foreign Currency (FCD) accounts for Thai residents, though such accounts are limited to $500,000 for individuals and $ 5 million for corporations.
After letting the baht float in July 17, the government began to tighten conditions on foreign exchange, requiring customers to show evidence of foreign currency obligations to open FCD accounts. Thailand also shortened to 10 days from shipment the period within which exporters must transfer foreign exchange earnings, or deposit them in FCD accounts.
Structural Policies
Thailand's obligations within the WTO and ASEAN have prompted reforms in tariff rates, trade regulations, regulation of financial institution, and currency policies.
Tariffs
The Thai government continues to reduce tariff rates pursuant to a reduction schedule established in 14, although progress was impeded during 18 and 1 due to the economic crisis and shortfalls in government revenues from other sources. As the government want to promote industrial and trade development through reducing tariff rates and adjusting the tariff structure, a revised tariff structure is to be unveiled soon which will categorize goods under three general headings primary / raw materials; intermediate and semi-processed products; and finished products. This reorganization could remedytroublesome anomalies in the Thai tariff schedules.
Taxation
The Thai taxation code has undergone revision since 1, when a 7 percent Value Added Tax ( VAT ) system was introduced. In September 17, the government announced an increase in the VAT, form 7 to 10 percent ( most basic foodstuffs are excepted ). This was necessary to raise revenues, and to meet the requirements of the IMF rescue package. And exemption for businesses making less than $ 4,000per annum remains in place. Firms grossing between $ 4,000 and $ 48,000 per annum pay a rate of 1.5 percent, up .5 percent.Exportersare zero rated but must file VAT returns and apply forrebates. The corporate tax rate is currently 0 percent of net profits for all firms. In March 1,as part of economic stimulus plan, the VAT temporarily reduced from 10 % to 7 % and it will remain in effect until March 001.
Debt Management Policies
Thailand's financial crisis resulted in part from significant increases inexternal debt. As the end of 17, the stock of public sector external debt stood at $ 17. billion, of which only $ 0 million is short term. Private sector debt stood at $ 67. billion, of which $ . billion was short term. Public sector external debt is owed to multilateral and bilateral institutions, as well as to capital markets and is divided relatively evenly between direct government borrowings and loans guaranteed by the government. Thailand' s debt service, as a percentage of exports of goods and services, propelled by stagnating exports, has risen considerably.
The financial crisis prompted Thailand to seek assistance from the IMF, which arranged a $ 17. billion stabilization program firstly. Restructuring the corporate debt overhang is an important element of the IMF program and the overall effort to stabilize and rejuvenate the Thai economy. The government has conditioned public assistance for re-capitalizing banks in part on progress in restructuring and also announced principles for debt restructuring and established the corporate debt restructuring advisory committee to assist targeted debt workouts.
Export policies
Thailand maintains few restrictions on exports, except when related to national security, environment protection and cultural concerns or pursuant to trade agreement.
In December 14, Thailand ratified the Uruguay Round agreements. Thailand maintains several programs that benefit manufactured products or processed agricultural products and which may constitute export subsidies. These include subsidized credit on some government to government sales of Thai rice, preferential financing for exporters in the form of packing credits, tax certificates for rebates of packing credits, and rebates of taxes and import duties for products intended for re-export. The Thai EX-IM bank currently offer an 11 % rate, about one point below the prime rate offered by the large commercial banks.
INVESTMENT CLIMATE
Openness To Foreign Investment
The Thai government has long maintained an open, market-oriented economy and encouraged foreign direct investment as a means of promoting economic development, employment, and technology transfer. Thailand welcomes investment from all countries and seeks to avoid dependence on any one country.
During the past two years, the government in concert with the IMF has embarked on an economic reform program intended, in part, to foster a more competitive and transparent climate fore foreign investors and creditors in an effort stimulate investment flows. A primary focus of this program has been the financial sector, which was crippled by a huge amount of bad debt resulting from the Asian economic crisis.
Although many aspects of the recently enacted reform measures were controversial and strongly resisted by the political opposition and other powerful elements of Thai society, the government still persevere with its reform agenda in the face of strong domestic opposition, which is indicative of its commitment to economic reform and an open investment climate.
Privatization
As part of its economic reform program, the Thai government embarked on a privatization program for state economic enterprises and state monopolies with the aim of encouraging capital inflows and relieving resource constrains in many key sectors of the economy. State-owned enterprises in Thailand operate primarily in the utility, energy, telecommunications, banking , tobacco and transportation sectors. In 18, state enterprises had total revenues of$4 billion, employed over 6,000 people and accounted for around 14 percent of the GNP.
Up to now, however,the government only has several plans and almost no privatization has yet occurred.
Performance Requirements andIncentives
As Thailand's central investment promotion authority, the Board of Investment (BOI) may establish certain requirements in exchange for its incentives. These requirements may include linking the minimum export level of a project to its minimum Thai shareholding level or restricting investment to certainsectors or certain locations. Generally, the most generous incentives are offered to those economic activities that bring new technology to Thailand.
The criteriaeligible for BOI incentives
·Significantly strengthen Thailand's balance of payments position, especially through production for export;
·Support the development of the country's resources;
·Substantially increase employment;
·Locate operations in provinces outside of Bangkok;
·Conserve energy or replace imported energy supplied;
·Establish industries that further technological development.
The BOI incentives include
Tax Incentives
·exemption or 50 percent reduction of import duties on imported machinery;
·reduction of import duties of up to 0 percent on imported raw materials and components;
·exemption from corporate income taxes for three to eight years and deduction ( in case of loss) of annual loss from net profits carried forward for up to five years;
·exclusion from taxable income of dividends derived from promoted enterprises during the income tax holiday.
Permission
·to bring in foreign nationals to undertake investment feasibility studies;
·to bring in foreign technicians and experts to work under promoted projects;
·to own land for carrying out promoted activities.
Guarantees
·against nationalization;
·against competition by new state enterprises;
·against state monopolization of the sale of products similar to those produced by promoted firms;
·against price controls; against tax exempt import by government agencies or stage enterprises of competitive products.
After the broken the recent economic crisis, the Thai governmentbegan to relaxed more and more rules and instituted other policy changes to boost foreign investment in Thailand. The BIO linked export targets to minimum domestic shareholding level. For projects manufacturing mainly for the domestic market, for example, Thai nationals had to hold not less than 51 percent of the registered capital of a projects to qualify for BIO benefits. When at least 50 percent of the output was for export, foreign investors could be granted permission to hold a majority of the shares; and, where more than 80 percent of production was exported, foreign investors could hold all of the shares.
Capital Markets and Portfolio Investments
The Thai government maintains a regulatory framework that broadly encourages investment and largely avoids market-distorting support for specific sectors. The government policies do not restrict the free flow of financial resources to support product and factor markets, and credit is generally allocated on market terms rather than by directly lending. Legal, regulatory and accounting systems are largely transparent. The Thai government has devoted considerable effort to bringing these systems into line with international norms, and significant progress has been made.
In the aftermath of the financial crisis, access to credit and restructuring the financial sector are the major issues of the Thai government. In 17, 56 finance companies were closed and 6 banks were nationalized. With the successful efforts, the government stabilized the economy and brought down the interest rates.
At the same time, Thai firms appear to employ few defenses against foreign investment, especially through cross- and stable-shareholding arrangements. Furthermore,defenses against hostile takeovers would typically be applied against all potential investors rather than against foreign potential investors alone. Companies are not forbidden from specifying limits on foreign ownership more strict than those established by the government, but the practice is not considered prevalent. In the recent environment, limits on foreign ownership and participation in the Thai economy have eased, a trend that should continue.
Intellectual Property Protection
Thailand is a member of the Berne Convention and afounding member of the World Trade Organization. As such, the Thai government is taking the steps necessary to be in compliance with both groups. During the past several years, Thailand is working on improving its patent laws and copyright laws. At the same time, it established the Intellectual Property Department and the International Trade and Intellectual Property Court. However, enforcement is still a problem, as large quantities of illicit goods continue to be sold at the retail level.
Political Turmoil and Corruption
Thailand has a history of frequent changes in government, often by military intervention. The last coup was in 11, followed in 1 political unrest and a confrontation in the streets of Bangkok in which over 50 civilian demonstrators were killed. Despite the changes in governments over the years, Thai economic policies have remained remarkably consistent, characterized by letting the private sector do what it does best. There is no significant segment of the Thai political organizations that disagrees with these policy fundamentals. Thailand has laws to combat corruption. The Commission of Counter Corruption, part of the Prime Minister's office, coordinates official efforts against corruption. Recently Thai administration have stated publicly their intention to improve transparency in the evaluation of bids and the awarding of contracts. Increasing media scrutiny of public figures has raised political pressure to curtail favoritism and corruption. Despite these improvement, both foreign and local companies continue to complain about irregularities.
Labor
The Thai labor force totals .86 million workers out of a 1 population of 6 million. This figure includes all Thais 1 years of age and older who are actively seeking work. Unemployment in 1 was estimate at .1 %. down from a high of 4.8 % in 18. Despite rapid growth in the industrial and service sectors, about 40 % of those employed are still engaged in agriculture. However, the shift of workers from the agricultural sector is continuing, and the proportion of those working on the land continues to drop.
The economic downturn has stemmed shortages in the labor market of workers with at least a secondary education. As Thailand's economy recovers, it is likely that highly skilled and experienced engineers, technicians and managers are in short supply again.
At the same time, the labor relations' climate in Thailand is generally peaceful with strikes relatively infrequent.
Thailand's education system is still geared toward the needs of a largely agrarian, traditional economy and society and lags behind the country's contemporary skill requirements. The government has made great progress over the last two decades in providing basic education. However, at present compulsory education is only through grade 6. A commitment to increase compulsory education to nine years is included in the new constitution.
Foreign Trade Zones and Free Ports
Thailand has ten export processing zones in which businesses may import raw materials and export finished products free of duty. In addition to these zone, any factory may apply for permission to establish a bonded warehouse within the factory to which raw materials, used exclusively in the production of products for export, may be imported duty free.
ECONOMIC TRENDS AND OUTLOOK
Where the Economy Stands Now
At the end of first half of 1 the Thai economy is finally beginning to show some signs of returning to health. Thailand's economic performance is showing sighs of picking up as the government's stimulus policies have gradually taken hold. Manufacture, imports and exportshave all recorded positive growth.In financial sector, banks have been largely successful in raising capital, interest rates are at historic lows , and the currency remains stable within a narrow range.
Although the improvement in sentiment over lastyears is palpable, the recovery remains fragile. The real economy refused to respond to the favorable macroeconomic outlook and the financial system reacted cautiously. Strong and balanced growth in the future will depend on a number of factors, not all of which are within Thailand's control.
Keys To Recovery
Over the pastyears the Thai government has initiated significant restructuring of the Thai economy, particularly the financial sector. Much of this restructuring is being carried out in coordination with and assistance from the IMF, the World Bank and the Asian Development Bank. While progress overall has been impressive, much remains to be accomplished, and solid future growth depends to a significant degree on progress in the following areas.
Re-capitalizing the Financial Sector
On August 14, 18, the Bank of Thailand and the Finance ministry jointly announced a major initiative to restructure and re-capitalize Thailand 's financial sector. Since their announcement, only several financial institutions have been approved for applications for government assistance. More importantly, Thailand's major banks and finance houses have raised capital on theirown, and most financial institutions now have capital adequate to meet current requirements.
Getting Government Held Assets Back on the Market
In 17 the government closed 56 finance companies and created the Financial Sector Restructuring Agency (FRA)to auction their assets back into the marketplace. By quickly selling these assets to private ownership and management, the government aimed to establish market-clearing prices for similar assets and to prevent their further deterioration.
Corporate Debt Restructuring
In mid-18 the government created the Corporate DebtRestructuring Advisory Committee (CDRAC) to facilitate debt restructuring, and in March 1 CDRAC oversaw the drafting of agreements between debtors and creditors and among creditors to establish a framework for restructuring that should speed negotiations. With a more active CDRAC monitoring negotiations and streamlined legal procedures for bankruptcy and foreclosure soon to be implemented, there has been more and more progress indebt restructuring up to now.
Building a Legal Framework
The lack of a modern legal framework allowing creditors to pursue bankruptcy and foreclosure perhaps is one of the major reasons why debt restructuring has moved slowly. In response, the government has pushed through the Parliament a package of reform legislation including a new foreign investment law and other provisions which can boost the debt restructuring significantly.
Stimulating the Economy
With the macroeconomic framework stable and interest rates at historic lows,boosting consumption has become a major government objective over the short term. By agreement with the IMF the government has launched several stimulus packages which have increased employment, increased direct spending, reduced production costsand given the economy a significant boost.
Major Trends and outlook
The Thai government and public are hoping that 18 will be remembered as the year when the Thai economy hit rock bottom and that 1 marked the beginning of a solid
recovery. Since the middle of 18, the Thai government policies have focussed increasing on stimulating growth. Up to now, the government has announced several massive stimulus packages which designed to create employment and stimulate production and consumption.
The government recognized from the start of the crisis that restructuring and re-capitalizing the financial sector and restructuring the huge burden of non-performing debt would be key to Thailand 's economic recovery, knowing that market confidence would return only when investors believed these issues were being resolved. Now the government has made significant progress in addressing these issues, but much remains to be done.
With the economy successfully stabilized and beginning to grow again, many investors have expected that the economy recovery ofThailand will be healthy and solid.
For the most part Thailand retains the fundamental strengths that had made it a generally attractive destination for investment. Thailand's strategic location at the center of Southeast Asia helped make it an export platform, and its economy is diversified with a growing domestic market. Transportation and communications infrastructure has improved dramatically over the recent past, and additional expansion is underway. Thailand has no industrial policy directing investment, and several successive governments have committed the country to an increasingly open trade and investment regime. Full implementation of the ASEAN Free trade Area should improve Thailand's regional competitiveness in several sectors,particularly the automotive industry. Thailand's political process is democratic and pluralistic, and the military no longer plays a central role in that process. Doing business in Thailand has challenges , to be sure , but the government appreciates the need for foreign investment. Thailand's basic strengths and the government's policy initiatives should provide better opportunity for foreign investors and business over the medium term as the economy recovers from the economic crisis.
SUMMARY
As one of the leading countries in Emerging Markets,Thailand had achieved high-speed growth in economy for nearly 0 years before the crisis in 17.
Its economic development policies are based on a competitive export-oriented, free market philosophy.Its economy is well along in a transition froman agricultural base to a more open and broadly based economy with a large manufacture sector.
In 17, Thailand became the trigger of the Asian financial crisis, which spread quickly to other nations in the region and throughout the world. Thailand had weathered the worst of the storm of the financial crisis.
With the aids of IMF, the World Band and the Asian Development Bank, the Thai government began their packages of reform, especially in the structure of financial sector. Now Thailand has made significant progress in preparing the economy for renewed growth. And most indicators now point to beginning recovery. Production, consumption and investment have bottomed ore are now inching their wayoff the bottom. Rebuilt foreign exchange reserves and a solid current accountsurplus provide Thailandwith some insulation against external shocks. Fiscal and monetary policies are now more accommodating and geared to stimulate the domestic economy.Overall signs are becoming more positive. Although expectations that the economy is set to rebound quickly to former rates of growth are unrealistic, the Thai government's success in pursuing the reforms have made the local and foreign investorsshared more hopes that as the reforms proceed and the economy recovers , one more open , more healthy and more robust emerging marker is being presented to the world.
LIST OF REFERENCES
1.Checki Terrence and Stern Ernest(November000), " Financial crisis in the emerging markets", Current Issues, volume 6, No.6.
.Doner Richard( November 11 ), "Approaches to the politics of economic growth in southeast Asia", the Journal of Asian Studies 50, No.4 818-84.
.Trueman Justine(July 1, 18), "Emerging rhymes with submerging", Time, volume 15, No., online, httpwww.time.com.
4.Summers Lawrence(February 11,18), " Emerging from crisis the beginnings of a new Asia", online, httpwww.treas.gov.
5.Hawes Gary and Liu Hong(July 1), " Explaining the dynamics of the southeast Asian political economy", World Politics 45 6-660.
6.Anonym (000),"Thailand", the Columbia encyclopediasixth edition, ,online, httpwww.bartleby.com.
7.Hill hal (10), " Foreign investment and East Asian economic development", Asian-Pacific Economic Literature, 4(), 1-58.
8.Mackie J.A.C (188), " Economic growth in the ASEAN region the political underpinnings", Achieving Industrialization in East Asia, chapter 10, Cambridge Cambridge University Press, 8-6.
.Crone Donald K (188), " State, social elites, and government capacity in Southeast Asia", World Politics, XL (),5-68.
10.Doner Richard ( 188), "Weak state-strong country? the Thai Auto Case ", Third World Quarterly, 10(4), 154-1564.
11.Phomgpaichit Pasuk (180), " The open economy and its friends the development of Thailand, Pacific Affair, 5(),440-460.
1.Laothamatas Anek (188), " Business and Politics in Thailand nnnnnnnnew patterns of influence", Asian Survey, 8(4),451-470.
1.Phomgpaichit Pasuk(1), "Technocrats, businessmen, and general democraczy and economic policy-making in Thailand", the Dynamics of Economic Policy Reform in South-East Asia andthe South-west Pacific, chapter , Singapore Oxford University Press, 10-1.
14.Bell Peter(1), " Thailand's economic crisis", online, httpwww.pscw.uva.nl.
15.Leenabanchong Chawin(1), " Re-emerging Thailand sins of the past and shape of the future", online, httpwww.pscw.uva.nl.
16.Choustrov Pavel(1), "Solving Thailand's debt crisis political reform and financial restructuring", online, httpwww.pscw.uva.nl.
17.Jansen Karel(1), " Balance of Payments crisis in Thailand", online, httpwww.pscw.uva.nl.
18.Knippenberg Lwuk and Aerts ED(1), " Ownership and control in Thailand", online, httpwww.pscw.uva.nl.
1.Lauridsen S(1), "Financial crisis, structural problems and linkage policy in Thailand", online, httpwww.pscw.uva.nl.
0.Manarungsan Sompop(1), " Thailand a bubble economy", online, httpwww.pscw.uva.nl.
1.McKeever Institute of Economic Policy Analysis(17), " Thailand Economy Policy Analysis", online,httpwww,mkeever.com.
.Anonym (17)," IWRAW Country Reports Thailand",online,httpigc.org.
.Anonym (000), "Profile of Thailand", online,httpwww.growthmarkts.com.
4.U.S. Department of State(1), "18 Country Report on Economy Policy and Trade Practices Thailand", online, httpwww.usa.or.th.
5.U.S. Department of State(17), "16 Country Report on Economy Policy and Trade Practices Thailand", online, httpwww.state.gov
6.Anonym(000), "Thailand Country Profile", online, httpwww.hawaii.gov.
7.U.S. Department of State(000), "Country Commercial Guide Thailand-Fiscal Year 000", online, httpwww.usa.or.th.
8.U.S. Department of State(16), "Country Commercial Guide Thailand 16", online, httpdosfan.lib.uic.edu.
.Ignatius Adi(February , 18), " Learning some lessons", Time, volume 151, No.4, online, www.time.com.
0.Thailand Government(17), "a Letter of Intent of the Government of Thailand to IMF", online, httpwww.imf.org.
1.Zheng T. J. (18), " One Year After", Time, online, httpwww.time.com.
.Jacob Rahul(18), "Back from the dead", Time, volume 151, No.6, online, httpwww.time.com.
.Anonym (000), "Market Report-Thailand", online, httpwww.yahoo.com/000.
4.Lacayo Richard (17), "IMF to the Rescue", online, httpwww.time.com.
5.Malhotra Kamal (17), "Emerging trends in Asia and possible responses by civil society", online, httpwww.focusweb.org.
Please note that this sample paper on PROFILE OF AN EMERGING MARKET ECONOMY:THE CASE OF THAILAND is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on PROFILE OF AN EMERGING MARKET ECONOMY:THE CASE OF THAILAND, we are here to assist you.Your cheap custom college paper on PROFILE OF AN EMERGING MARKET ECONOMY:THE CASE OF THAILAND will be written from scratch, so you do not have to worry about its originality.
Order your authentic assignment from Live Paper Help and you will be amazed at how easy it is to complete a quality custom paper within the shortest time possible!
