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Culture Of Thailand

Saturday, June 13th, 2009

Thailand is a country with a long and rich history. Thailand is also one of those countries which have many traditions which modern times fortunately have not affected. Thailand is renowned for its unique culture that has been notorious around the globe. Thai culture is especially well known for its distinctiveness. It is well worth noting that Thai culture has traditionally been handed down from one generation to the next.

When you speak of Thailand, instantly a picture of people with small eyes and happy smiling faces appear before you. They have the typical south-east asian look. However, their ways, their way of speaking, their beliefs, and their culture are a symbol of their true identity.

Thailand mostly comprises of people who speak Tai language. Tai speaking people are spread over Central Thai, the Northeastern Thai, the Northern Thai, and the Southern Thai. Central Thai is the area where one finds most Tai speaking people.

In addition to Tai speaking people, there are Chinese who have blended seamlessly with the Thai. Other cultures include Malays, Mon, Khmer, and even Vietnamese.

Majority of Thais follow the Theravada Buddhist tradition, which ranges from animism to worshiping of ancestors. However, the Muslim community is also a big religious group in Thailand. The Muslim population is mostly prevalent in places south of Chumphon. The Malay group is present in the southern part of Thailand. In addition to these communities and groups, there is a sprinkling of Christians, Hindus, and Sikhs as well.

Based on their belief and main Buddhist tradition, Thai people pay a lot of respect and homage to their ancestors. It is the core of their spiritual belief and faith. They are very generous and hospitable people. Social hierarchy plays a very important role in their lives. They touch the feet of their elders as a mark of respect and to seek their blessing. The elders play a key role in any important decisions or ceremonies.

Business and Market Overview of Thailand

Thursday, December 27th, 2007

Thailand has a pro-business market economy driven by strong foreign investments and export oriented manufacturing especially in electronics, foods and automobiles. Thailand’s exports account for 60% of the country’s GDP. Thailand experienced strong economic growth prior to the Asian economic crisis of 1997 with GDP growth averaging 9.4% annually. However, the crisis adversely affected businesses in Thailand and saw the value of the Thai Baht decline by more than 50% against the US dollar. Since the crisis, the economy has grown on a growth path. Thailand’s GDP was US$163.5 billion with a GDP per capita of US$2,537 in 2004. Thailand’s GDP grew by an average of 4.6% annually from 2000 to 2004 driven mainly by exports of high technology products mainly electronics. Inflation remained below 2.0% from 2000 to 2003 but increased to 2.8% by 2004. However, unemployment showed a declining trend from 3.6% in 2000 to 1.8% by 2004. Nearly 60% of Thailand’s workforce is involved in the agriculture industry but contributed to only 9.8% of the country’s GDP in 2004. The services industry contributed towards 46.1% of Thailand’s GDP and manufacturing 44.1% during the period. Major industries include tourism, electronics, textiles and garments, processed foods, beverages, agriculture produce, jewellery, furniture, plastics, vehicles and vehicle parts and mining of tungsten and tin. Major agriculture products include rice, tapioca, rubber, corn, sugarcane, coconuts, soybean and milk.