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A Study Of Thailand's Balance Of Trade 1953-1962, Suchin Worawongwasu
A Study Of Thailand's Balance Of Trade 1953-1962, Suchin Worawongwasu
All Graduate Theses and Dissertations, Spring 1920 to Summer 2023
International trade theory suggests that trade can be advantageous to the industrial as well as to the underdeveloped countries. For the latter, specialization and exchange brings about an increase in total productions.
Thailand, an underdeveloped country, has for the past decade experienced an unfavorable balance of trade. A primary producing country, Thailand principally exports rice, rubber, tin, and teak. Her principal imports are manufactured goods, machinery and transport equipment, mineral fuels, lubricants and chemicals.
The thesis is intended to investigate the causes of this adverse balance of trade. Thailand's four principal exports accounted for an average of 74.7 percent of …