From PCB World.
Supported by Japan, Thailand’s automobile production was once comparable to France’s, replacing rice and rubber to become Thailand’s largest industry. Both sides of Bangkok Bay are lined with automobile production lines of Toyota, Nissan and Lexus, a boiling scene of “Oriental Detroit”. In 2015, Thailand produced 1.91 million passenger cars and 760,000 commercial vehicles, ranking 12th in the world, more than Malaysia, Vietnam, and the Philippines combined.
Known as the mother of electronic system products, Thailand occupies 40% of Southeast Asia’s production capacity and ranks among the top ten in the world. It is hardly different from Italy. In terms of hard drives, Thailand is the second largest producer after China, and has consistently accounted for more than a quarter of the global production capacity.
In 1996, Thailand spent US$300 million to introduce an aircraft carrier from Spain, ranking it as the third country in Asia to have an aircraft carrier (currently the main task of the aircraft carrier is to search and rescue fishermen). The reform perfectly complied with Japan’s demand for going overseas, but it also laid a lot of hidden dangers: the freedom of foreign capital to come and go has increased risks in the financial system, and financial liberalization has allowed domestic companies to borrow cheap funds abroad and increase their liabilities. If exports cannot maintain their advantages , A storm is inevitable. Nobel Prize winner Krugman said that the Asian miracle is nothing but a myth, and the four tigers like Thailand are just paper tigers.