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Emerging Markets

Autor:   •  July 12, 2017  •  Research Paper  •  1,961 Words (8 Pages)  •  30 Views

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 Emerging Markets

1. Introduction……………………….……...3

2. Global overview…………………….……3

3. Characteristic and Challenges

3.1 Political………………………………….5

3.2. Economy……………………………..…6

3.3. Ideological…………………………..….7

4. Trade Markets…………………………….8

5. Investment markets..............................…...9

6. Migration markets…………………….…..11

7. Conclusions………………….……………13

8. References………………………………...14

1. Introduction

Emerging markets, also known as emerging economies or developing countries, are nations that are investing in more productive capacity. They are moving away from their traditional economies that have relied on agriculture and the export of raw materials. Leaders of developing countries want to create a better quality of life for their people. (US Economy, 2017)  

In this report, the selected emerging market is Thailand, to give the global overview on factors of Thailand, including characteristics and challenges. Markets of Thailand will also analysis to give a fully view of Thailand and recommendations.  

 

2. Global overview

 

    Thailand is A unified Thai kingdom that was established in the mid-14th century which located at the bordering the Andaman Sea and the Gulf of Thailand, southeast of Burma. The population of Thailand are 68,200,824, the ethnic groups are combined of Thai 97.5%, Burmese 1.3%, other 1.1%, unspecified <.1%. And for the religion, 94.6% are Buddhist and Muslim is 4.3% (CIA, 2017).

   For the economy, Thailand fiscal year is from 1 October - 30 September, the GDP of purchasing power parity is $1.161 trillion (2016 est.) and the GDP of official exchange rate is $406.8 billion (2016 est.) and the GDP - per capita (PPP) is $16,800 (2016 est.).  The Gross national saving of Thailand is 34.1% of GDP (2016 est.). The budget of Thailand is $76.69 billion and the expenditures is $86.94 billion. And their Taxes and other revenues are 18.9% of GDP (2016 est.) (CIA, 2017).

  About Thailand Labor force, there are 38.45 million (2016 est.) labors and 51.5% are working at service industry and agriculture are 31.8% of labor force. For the unemployment rate, 0.9% of labor forces are unemployed. For the inflation rate, there only +0.2% for last year. Last, the Population below poverty line is 7.2% (2015 est.) (CIA, 2017).

 

3. Characteristic and Challenges

 

3.1 Political

    

 Thailand’s political situation might relatively complicate than other emerging markets. Since 2005, Thailand has been through several rounds of political turmoil. More than that, a military coup ousted then Prime Minister THAKSIN Chinnawat in 2006, and leads to large scale street protests by competing political factions in after years(CIA, 2017).

     And for the Thailand government, in 2014, their presentment YINGLAK was removed from office by the Constitutional Court and the royal Thai army staged a coup against the caretaker government and keeps the unstable political situation and there years(New Mandala, 2015).

  More than that, a violence associated with the ethno-nationalist insurgency was occurs at 2016(CIA, 2017), this happen even put Thailand in a global stabilized country.

  Therefore, Thailand political factors might not be an attractive factor for an emerging market to develop, they are unstable in both internal and external political factors and this is not a welcome factor for Thailand being emerging in a healthy way and that may keep on affecting its market development in the future if there are no solutions of Thai to solve them.

 

3.2. Economy

 

    As an emerging market, Thailand has a relatively developed infrastructure and free economic system than other emerging markets like Indian or China.

   Thailand is a country which highly dependent on the international trade, they mainly export automobiles and parts, computer and parts and jewelry. In Thailand, the industry and service sectors has produce about 90% of the GDP that show what Thailand are depending on. But there a fact that might need to concern is that farmers of Thailand contributes about 10% of the GDP but employed about ⅓ (31.8%) of the labor force (CIA, 2017). Therefore, Thai’s government is encouraging farmer labor forces to work at different fields of industry to aim at fasten the growth of Thailand.

    As Thailand was has a strong growth on economy on the past few decades, the growth of Thailand has been slower these years. But Thailand is remaining its low inflation rate, 0.2% (2016) and low unemployment rate, 0.9% (2016) by depends on the tourism and government infrastructure to keep on the economy growth (CIA, 2017). More than that, Thai’s government adopted new labor regulation in 2017 to ban foreign workers without proper permits working at Thai to provide more working chance for the Thai domestic citizens, but on the other hand, this regulation may affect the industry in a short time.

 

 

  

3.3. Ideological

 Ideological is an adjective that describes political, cultural, or religious beliefs. An ideology is a body of ideas, and those who agree with the main idea of something take an ideological stand to support it (Vocabulary, 2017).

  As Thailand army is controlling Thailand in a high pressure way even the government can’t resist. Means the citizens cannot control over government decisions about policy even they elected.

  The citizens know they cannot control over the army power even they vote on elections so they become passive on the polity and the ideas of freedom and democracy as the most desirable foundations of governance. Even the both of the main party (People's Alliance for Democracy) and (National United Front of Democracy against Dictatorship) in Thailand are separated and being hostile, their ideology are same as flight for the democracy which is implying the army and even the royal are dictator (New Mandala, 2015).

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