World Bank2012-06-122012-06-122008-12https://hdl.handle.net/10986/7805This report provides an up-to-date assessment of the investment climate of Thailand. As the socio-economic framework in which enterprises operate including infrastructure, policies and regulations improving the investment climate is helpful for productivity and economic growth. The report is based mainly on the results of the second round of the Thailand Productivity and Investment Climate Surveys (PICS) carried out in 2007 and on a comparison with results from the first round (conducted between March 2004 and February 2005). Some 1043 establishments from nine manufacturing sectors (food processing, textiles, garments, automobile parts, electronic parts, electrical appliances, rubber/plastics, furniture/wood, and machinery) in six regions (North, Central, metropolitan Bangkok, East, Northeast, and South) were surveyed. This report aims to present policymakers with detailed information on key business climate indicators and their relationship to Thai economic performance. Thailand's rapid growth and transition to middle-income country status in the past two decades was mainly the result of the rapid increase in employment and capital goods.en-USCC BY 3.0 IGOACCESS TO CREDITAGGLOMERATION EFFECTSAGRICULTUREAUTOMOBILEAVAILABILITY OF DATABANDWIDTHBANK LOANBANKSBARRIERS TO ENTRYBEST PRACTICEBINDING CONSTRAINTBINDING CONSTRAINTSBUSINESS CLIMATEBUSINESS ENVIRONMENTBUSINESS EXPANSIONBUSINESS OPERATIONSBUSINESS PERFORMANCEBUSINESS SERVICESBUSINESSESCALCULATIONCAPITAL ACCUMULATIONCAPITAL GOODSCOLLATERALCOLLEGE DEGREECOMMODITYCOMMODITY PRICESCOMMUNICATION TECHNOLOGIESCOMMUNICATION TECHNOLOGYCOMPETITIVE ADVANTAGESCOMPETITIVENESSCONTRIBUTIONCONTRIBUTIONSCORPORATE FINANCECUSTOMCUSTOMSCUSTOMS CLEARANCEDATA AVAILABILITYDEVELOPMENT AGENCYDIRECT INVESTMENTDOMESTIC CREDITDOWNSIDE RISKSEARNINGSECONOMIC DEVELOPMENTECONOMIC FRAMEWORKECONOMIC GROWTHECONOMIC MANAGEMENTECONOMIC PERFORMANCEECONOMIC POLICYECONOMICSECONOMIES OF SCALEELECTRICITYELECTRONICS INDUSTRYEMAILSEMERGING ECONOMIESEMPLOYMENTEQUIPMENTEQUIPMENTSEXCHANGE RATEEXPORT EARNINGSEXPORT PROMOTIONEXPORTSEXTERNALITIESFINANCIAL CRISISFINANCIAL MARKETSFINANCIAL SERVICEFIRM PERFORMANCEFOREIGN CURRENCYFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN FIRMSGDPGDP PER CAPITAGLOBAL ECONOMYGLOBAL MARKETPLACEGOVERNMENT INTERVENTIONGOVERNMENT OFFICESGROWTH RATEGROWTH RATE OF SALESHUMAN CAPITALHUMAN RESOURCEICTIMPORT LICENSEIMPROVEMENTS IN ACCESSINCOMEINCOME LEVELINCREASING RETURNSINDIRECT COSTINDIRECT COSTSINDUSTRIAL ECONOMICSINFORMATION INFRASTRUCTUREINFORMATION TECHNOLOGYINFORMED DECISIONINFRASTRUCTURE INVESTMENTSINFRASTRUCTURE PROJECTSINNOVATIONINNOVATIONSINSPECTIONINTEREST RATEINTEREST RATESINTERNATIONAL COMPARISONINTERNATIONAL COMPETITIONINTERNATIONAL MARKETSINVESTINGINVESTMENT CLIMATEINVESTMENT CLIMATE ASSESSMENTINVESTMENT CLIMATE REFORMSINVESTMENT CLIMATESINVESTMENT DECISIONSINVESTMENT OPPORTUNITIESKNOWLEDGE BASEKNOWLEDGE ECONOMYLABOR FORCELABOR MARKETLABOR MARKETSLABOR PRODUCTIVITYLABOR REGULATIONSLABOR SHORTAGELABOR SHORTAGESLABOR SUPPLYLABOURLACK OF KNOWLEDGELARGE FIRMSLENDERSLICENSESLIMITED ACCESSLOW INCOMELOW-INCOMEMACROECONOMIC POLICYMACROECONOMIC STABILITYMANUFACTURINGMANUFACTURING INDUSTRIESMARKET DEMANDMARKET FAILURESMIDDLE INCOME COUNTRIESMIDDLE INCOME COUNTRYMIDDLE-INCOME COUNTRIESMIDDLE-INCOME COUNTRYNATURAL MONOPOLYNEW PRODUCTNEW TECHNOLOGIESNEW TECHNOLOGYONE-STOP SERVICEOUTPUTOUTPUTSOWNERSHIPSPARENT COMPANYPER CAPITA INCOMEPERFORMANCE INDICATORSPERFORMANCESPHYSICAL INFRASTRUCTUREPOLITICAL STABILITYPOSITIVE EXTERNALITIESPOWER OUTAGEPOWER OUTAGESPRICE INDEXPRIVATE INVESTMENTPRIVATE SECTORPRIVATE SECTOR DEVELOPMENTPRODUCTION COSTSPRODUCTION FUNCTIONPRODUCTION FUNCTIONSPRODUCTION PROCESSESPRODUCTION STRUCTUREPRODUCTION STRUCTURESPRODUCTIVITYPRODUCTIVITY GROWTHPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC POLICYPUBLIC-PRIVATE PARTNERSHIPSR&DRAPID GROWTHRATES OF RETURNSREAL GDPREGULATORY ENVIRONMENTREGULATORY FRAMEWORKRELIABILITYRESULTRESULTSSALESALESSALES GROWTHSENIORSKILL SHORTAGESSKILLED LABORSKILLED WORKERSSMALLER FIRMSSOCIAL DEVELOPMENTSTAKEHOLDERSSUPERVISIONSUPPLIERSTAXTAX BREAKTAX RATESTAX REGIMESTAXATIONTECHNICAL ASSISTANCETECHNICAL SKILLSTECHNOLOGICAL INNOVATIONTECHNOLOGICAL INNOVATIONSTECHNOLOGY DEVELOPMENTTECHNOLOGY TRANSFERTECHNOLOGY TRANSFERSTELECOMMUNICATIONSTELEPHONETELEPHONE CONNECTIONTELEPHONE LINETOTAL FACTOR PRODUCTIVITYTRADE POLICIESTRANSMISSIONTURNOVERTYPES OF INVESTMENTUNSKILLED LABORUSERUSESVALUABLEVALUE ADDEDVOLATILITYWAGEWORKING CAPITALWorld Bank10.1596/7805