Also discussed is the apparent failure by successive Thai governments to
invest in the necessary infrastructure and training that enabled the old Asian
Newly Industrialising Economies to move to higher technology production as
they lost their comparative advantage in labour intensive manufacturing. This
has resulted in an apparent slowing of foreign investment, owing to an
increasingly overcrowded infrastructure, shortages of skilled labour, rising
costs and the opening of such lower cost locations as the PRC and Vietnam.
Providing an extremely thorough analysis of Thailand’s economic
development, this volume will be an excellent resource for students,
researchers and policy makers interested in this region and in economic
development generally.