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Led from within Thailand from the office of the regent Pridi, it operated freely, often with support from members of the royal family such as Prince Chula Chakrabongse, and members of the government. As Japan neared defeat and the underground anti-Japanese resistance Seri Thai steadily grew in strength, the National Assembly forced out Phibun.
Thailand is a middle power in global affairs and a founding member of ASEAN. It has the second-largest economy in Southeast Asia and the 23rd-largest in the world by PPP, and it ranks 29th by nominal GPD. Thailand is classified as a newly industrialised economy, with manufacturing, agriculture, and tourism as leading sectors. [13] [14]
Thailand made its recovery from the 1997 Asian financial crisis, completing repayment of loans from the IMF in 2003. [39] The World Bank re-classified Thailand as an upper-middle income economy in 2011. [40] However, the level of economic disparity remains high, even as absolute poverty levels have continued to decline.
The known early history of Thailand begins with the earliest major archaeological site at Ban Chiang. Dating of artifacts from this site is controversial, but there is a consensus that at least by 3600 BCE, inhabitants had developed bronze tools and had begun to cultivate wet rice , providing the impetus for social and political organisation.
The Ayutthaya Kingdom [i] or the Empire of Ayutthaya [18] was a Mon [ii] –Siamese kingdom that existed in Southeast Asia from 1351 [14] [20] [21] to 1767, centered around the city of Ayutthaya, in Siam, or present-day Thailand. European travellers in the early 16th century called Ayutthaya one of the three great powers of Asia (alongside ...
Between 1985 and 1994, Thailand was the world's fastest growing economy according to the World Bank. [1] Foreign investment primarily from Japan turned Thailand into a manufacturing hub in Southeast Asia by the end of the century. [2] The 1997 Asian financial crisis culminated in populist Thaksin Shinawatra's victory in the 2001 Thai general ...
Thailand embarked on an ambitious but risky plan Thursday that it hopes will breathe new life into a tourism industry devastated by the pandemic, opening the popular resort island of Phuket to ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 1 February 2025. Economy of Thailand Bangkok, the commercial hub of Thailand Currency Thai baht (THB, ฿) Fiscal year 1 October – 30 September Trade organisations WTO, APEC, IOR-ARC, ASEAN, RCEP Country group Developing/Emerging Upper-middle income economy Newly industrialized country Statistics ...