Geography 3312A/B Lecture Notes - Charoen Pokphand Foods, Monetarism, Official Development Assistance
1 Dec 2012
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Document Summary
Boom, bust & beyond thailand"s development strategy (1958-2012) Until the 1980s agriculture dominated thai economics, politics and society. In the 1980s the sarit system", in which the business-military-bureaucratic elite, markets and agricultural exports structured the operation of the political economy, hit the wall: alliance between the military & bsns. In agriculture, in particular, the end of the agrarian frontier was approaching as the limits of clearing and the extension of the cultivated area were drawing near: agriculture 16% of gdp, 68% of workforce. Industry 32% of gdp, 12% of workforce: services 52% of gdp, 22% of workforce. There was, at the same time, a crisis of import-substituting industrialization in the late 1970s and early 1980s, driven by: oil shocks (if you"re going to have business, you have to fuel them) Import oil (in 1073, oil prices tripled and again in 79). Rising prices = rising cost: cuts in us military and official development assistance.
