IV. Conclusion
Economic system clearly affects economic performance in the two countries. Under market economy system, Thailand’s economy has grown to be more industrialized as apparent from its GDP composition. After Cambodia switched into market economy system, its economy has since then transformed to be more industrious. In 1970s and 1980s, statistical data shows how Thailand’s rice production has always been increasing although fluctuations accompany it. It also shows how Cambodian’s rice production has always stagnated, and even goes down drastically in one period of time in 1984. Stability issues might affect economy in both states, but politically the two countries have never been stable. Thailand has been through 50 different governments during 1930s – present, while Cambodia has had only five political transitions. Counting only from this comparison, Thailand is actually far more unstable than Cambodia, and so stability issue is not relevant. Thus, putting aside stability and focusing on the analysis alone, it is clear that market economy has made economic performance in both countries better.