Assessment Of Economic Progres

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during
the mid and late 80s. For example, the cultivation,
processing, and export of agricultural
products, especially rice, was traditionally the mainstay
of the Thai economy. Although
Thailand has long been among the most prosperous of the
Asian nations, its dependence on
a single crop made it extremely vulnerable to fluctuations
in the world price of rice and to
variations in the harvest. The government has diminished
this vulnerability by instituting a
number of development programs aimed at diversifying the
economy and by promoting
scientific methods of farming, particularly controlled
flooding of the rice fields, so that the
rice harvest might remain stable even in years of few
rainfalls. In the early 1990s,
Thailand annually produced approximately 18.5 million
metric tons of rice, up from about
11.3 million metric tons per year in the 1960s (Dutt,
1992). Another example of its notable
success was the increase in tourism during the ...

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