alexa Changes in Tradition Society During Industrialization in Thailand
Business & Management

Business & Management

Journal of Hotel & Business Management

Author(s): Suranant Subhadrabandhu

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In 1996, seven national economic and social development plans will have been implemented in Thailand. The Gross Domestic Product (GDP) of the agriculture sector increased from US$ 924 million in 1961 to US$ 11,380 million in 1991, a forty fold increase. However, the share of GDP by agriculture compared to the total GAP of the whole economy declined from 39.19% in 1961 to 12.43% in 1991, a decline of about 16%. This was due to a decrease in crop production, the largest component of GDP in agriculture. In terms of growth, the agricultural growth has shown a declining trend at the rate of 7.6%, 4.2% and 2.5% in the First, Second and Third, and the Sixth Plan respectively. For the Seventh Plan (1992-1996), the agriculture growth rate is targeted to be 3.4% per annum. The opposite trend is seen in the industrial growth rate. The expansion of industrial products rose more than 10% since 1990. The rise in industrial sector follows the policy stated in the national economic and social development plans. Problems arising from the changes in traditional society of agricultural base to industrial society are discussed.

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This article was published in Traditional Technology for Environmental Conservation and Sustainable Development in the Asian-Pacific Region and referenced in Journal of Hotel & Business Management

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