Thailand economy is an export oriented economy which has emerged quite rapidly. The volume of exports accounts for about two thirds of the country’s GDP. Thailand’s GDP stood at $ 627 billion according to the 2008 estimates compared to $601.7 billion registered in 2007.
Thailand is the second largest country in terms of GDP in the South East Asia region after Indonesia but forth in terms of GDP per capita after Brunei, Singapore and Malaysia. It’s the anchor economy among the surrounding economies of Burma, Laos and Cambodia. It ranks among the best in automotive exports together with production of electronics (Phongpaichit, 2008; Todaro & Stephen, 2008)