A Brief History of Economic Development in Thailand Since 1850-01/01/1966 : With an Emphasis on 01/01/1967

The problem is a study of economic development of Thailand during the first six-year plan (1961-1966). An attempt is made to answer the following questions: 1. what have been the principle dynamic forces for economic development throughout this period? 2. What have been the obstacles and impediments to such growth? 3. What should be the developmental strategies for future growth? Due to the fact that non-economic factors and historical patterns of economic development are of great importance to a nation\u27s economic development, it is advisable to study some of these aspects. The methods used to carry on the study are divided into five parts. The first is a general description of non-economic factors such as social, political, institutional features. The second is a study of historical patterns of economic development. The third and fourth parts are analysis of economic performances during the first development plan. The final part pertains to the strategies for future growth. In more recent years the pace of economic development in Thailand has been accelerated by an increase of agricultural exports and by the institution of parliamentary planning. In spite of the favorable development, it remains true that the expansion of Thai manufacturing is not impressive. The writer believes that emphasis upon education, training, financial reforms and state enterprises will be the possible approach to solve these problems