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Thailand
is predominantly a free market economy with the private sector
generating most of the economic activity. Public sector
involvement is largely limited to providing a framework for the
economy's regulation and expansion. The government's major
contribution to economic growth has been to provide economic and
social services, most notably to build highways, irrigation, and
power facilities as well as to provide various incentives and
financial assistance to promote private investments, export
businesses and agricultural enterprises. In 1993, total government
expenditure was 15.8 percent of the GNP.
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