Thailand Economy Crash
Thailand’s economy has always been an export-driven economy and existed as a decentralized free enterprise. All the Thai governments have favored an open investment pattern, emphasizing on creating a favorable market for attracting huge foreign direct investments. In the early 1980s and during 1990s, Thai economy was one of the fastest growing economies in the world recording an average growth rate of 9 percent all this crashed during the July 1997 Asia economic crash.