Global Development Challenges and Thailand’s Economy Today

Abstract

The article analyses the current global economic trends and explores the new realities in the current set of economic parameters. While there are encouraging positive economic trends and further liberalization of international trade is in order, the overall trade system still imposes many barriers to the developing countries in Southeast Asia, including Thailand. The global and regional developments’ impact on overall progress and macroeconomic reforms in considered to analyze the current status of
economic growth and challenges facing the nation today and in the years to come.
An attempt is made to explore the achievements in meeting global
development targets and the progress in fighting common economic threats for the human development, as well as the role of Thailand in Southeast Asia and broader economic integration. Thus, based on the deliberate economic trends analysis and anatomy of the current developments, the article draws a number of implications for regional integration and more efficient utilization of Thailand’s competitive and
cooperative advantages for decision makers to design strategies to respond to new economic order and changing realities and the need of their domestic businesses to expand abroad. Finally, global regional and local development scenarios are drawn with possible forecast data applicable to Thailand’s economy in the 21st century.