ABSTRACT

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Economics in Thailand is provided mainly by the Thai government through the Ministry of commerce
either micro or macroeconomics. The dip in GDP in the late 1990’s was by no means confined to
Thailand. It was due to the banking cries and the “flight to quality” of capital that began in 1996 with the
collapse of the Thai currency, the baht, and similar collapses of confidence in the cash positions in
virtually all regions of the world outside the Anglo-American ambit: South Korea, Japan, Russia, Mexico,
and Argentina. Until the financial of postwar Asia, sometimes being considered Asia’s fifth economic
dragon, or tiger, after Hong Kong, Singapore, South Korea, and Taiwan.