In short, that the Thai economy came through with high economic growth and
manufactured exports after the mid-1980s was associated with both external and internal
factors as mentioned above. It should be noted that during the three consecutive years (1986-
1988), foreign direct investment increased by 67 per cent in 1986, 360 per cent in 1987 and
140per cent in 1988. Notably, in 1987, Japanese investment approved by BOI exceeded the
cumulative investment in Thailand since the 1960s