Friday 25 September 2009

Thailand




Totaling 514,000.00 km2 (198,000 sq mi), Thailand is the world's 50th largest country in land mass, while it is the world's 20th largest country in terms of population. It is comparable in population to countries such as France and the United Kingdom, and is similar in land size to France and California in the United States; it is just over twice the size of the entire United Kingdom, and 1.4 times the size of Germany. The local climate is tropical and characterized by monsoons. There is a rainy, warm, and cloudy southwest monsoon from mid-May to September, as well as a dry, cool northeast monsoon from November to mid-March. The southern isthmus is always hot and humid.
Thailand is home to several distinct geographic regions, partly corresponding to the provincial groups. The north of the country is mountainous, with the highest point being Doi Inthanon at 2,565 metres above sea level (8,415 ft). The northeast, Isan, consists of the Khorat Plateau, bordered to the east by the Mekong river. The centre of the country is dominated by the predominantly flat Chao Phraya river valley, which runs into the Gulf of Thailand. The south consists of the narrow Kra Isthmus that widens into the Malay Peninsula. Politically, there are six geographical regions which differ from the others in population, basic resources, natural features, and level of social and economic development. The diversity of the regions is in fact the most pronounced attribute of Thailand's physical setting.
The Chao Phraya and the Mekong River are the sustainable resource of rural Thailand. Industrial scale production of crops use both rivers and their tributaries. The Gulf of Thailand covers 320,000 km² and is fed by the Chao Phraya, Mae Klong, Bang Pakong and Tapi Rivers. It contributes to the tourism sector owing to its clear shallow waters along the coasts in the Southern Region and the Kra Isthmus. The Gulf of Thailand is also an industrial center of Thailand with the kingdom's main port in Sattahip along with being the entry gates for Bangkok's Inland Seaport. The Andaman Sea is regarded as Thailand's most precious natural resource as it hosts the most popular and luxurious resorts in Asia. Phuket, Krabi, Ranong, Phang Nga and Trang and their lush islands all lay along the coasts of the Andaman Sea and despite the 2004 Tsunami, they continue to be and ever more so, the playground of the rich and elite of Asia and the world.
Plans have resurfaced of a logistical connection of the two bodies of water which would be coined the Thai Canal, synonmous to the Suez and the Panama Canal. Such an idea has been greeted with positive accounts by Thai politicians as it would cut fees charged by the Ports of Singapore, improve ties with China and India, lower shipping times and increase ship safety owing to pirate fears in the Strait of Melaka and, support the Thai government's policy of being the logistical hub for Southeast Asia. The ports would improve economic conditions in the south of Thailand, which relies heavily on tourism income, and it would also change the structure of the Thai economy moving it closer to a services center of Asia. The canal would be a major engineering project and has expected costs of 20–30 billion


Thailand is an emerging economy and considered as a Newly Industrialized Country. After enjoying the world's highest growth rate from 1985 to 1996 – averaging 9.4% annually – increased pressure on Thailand's currency, the baht, in 1997, the year in which the economy contracted by 1.9% led to a crisis that uncovered financial sector weaknesses and forced the Chavalit Yongchaiyudh administration to float the currency, however, Prime Minister Chavalit Yongchaiyudh was forced to resign after his cabinet came under fire for its slow response to the crisis. The baht was pegged at 25 to the US dollar from 1978 to 1997, however, the baht reached its lowest point of 56 to the US dollar in January 1998 and the economy contracted by 10.8% that year. This collapse prompted the Asian financial crisis.
Thailand's economy started to recover in 1999, expanding 4.2% and 4.4% in 2000, thanks largely to strong exports. Growth (2.2%) was dampened by the softening of the global economy in 2001, but picked up in the subsequent years owing to strong growth in Asia, a relatively weak baht encouraging exports and increasing domestic spending as a result of several mega projects and incentives of Prime Minister Thaksin Shinawatra, known as Thaksinomics. Growth in 2002, 2003 and 2004 was 5–7% annually. Growth in 2005, 2006 and 2007 hovered around 4–5%. Due both to the weakening of the US dollar and an increasingly strong Thai currency, by March 2008, the dollar was hovering around the 33 baht mark.
Thailand exports an increasing value of over $105 billion worth of goods and services annually.[36] Major exports include Thai rice, textiles and footwear, fishery products, rubber, jewelry, automobiles, computers and electrical appliances. Thailand is the world’s no.1 exporter of rice, exporting more than 6.5 million tons of milled rice annually. Rice is the most important crop in the country. Thailand has the highest percent of arable land, 27.25%, of any nation in the Greater Mekong Subregion. About 55% of the available land area is used for rice production.
Substantial industries include electric appliances, components, computer parts and automobiles, while tourism in Thailand makes up about 6% of the economy. Prostitution in Thailand and sex tourism also form a de facto part of the economy. Cultural milieu combined with poverty and the lure of easy money have caused prostitution in general and sex tourism in particular to flourish in Thailand. One estimate published in 2003 placed the trade at US$4.3 billion per year or about three percent of the Thai economy.[39] According to research by Chulalongkorn University on the Thai illegal economy, prostitution in Thailand in the period between 1993 and 1995, made up around 2.7% of the GDP. It is believed that at least 10% of tourist dollars are spent on the sex trade.
Thailand uses the metric system but traditional units of measurement and imperial measure (feet, inches) are still much in use, particularly for agriculture and building materials. Years are numbered as B.E. (Buddhist Era) in education, the civil service, government, and on contracts and newspaper datelines; in banking, however, and increasingly in industry and commerce, standard Western year (Christian or Common Era) counting prevails.