A summary presentation of a twenty-five-page report providing an informative analysis of Political, Economic, Sociological, Technological, Legal, and Environmental factors necessary to understand when doing business in Thailand today. Written by Nakarin Promtan for the Florida Atlantic University College of Business MBA Graduate Program.
2. Politics
Head of State: The King of Thailand,
King Bhumibol Adulyadej
Form of Government: Constitutional Monarchy
(Suspended by May 2014 Military Coup)
Major Political Parties: Puea Thai Party &
The Democrat Party
Military Alignments: USA & ASEAN Associations
of Southeast Asian Nations
4. Demographics
Major Language: Thai
Major Religion: Buddhism
Ethnic Groups: 90% The Thai, Thai Chinese,
Khmer, and the Malays
Income level: Upper Middle Income*
Gender: 0.966 (966 males per 1000 females)*
Median age: 38.5 years old*
Education: 98% Literacy, 80% Secondary &
48% Higher Education School Enrollment*
*World Bank Ethnolinguistic map of Thailand 1974.jpg: U.S. Central Intelligence Agency
5. Geography
Region of the world: Southeast Asia
Capital City: Bangkok
Five Largest Cities by Population:
Bangkok 5,104,476
Samutprakan 388,920
Nonthaburi 291,555
UdonThani 247,231
Chonburi 219,164
Border Countries: Myanmar, Lao, Cambodia,
and Malaysia
Oceans: Gulf of Thailand and Andaman Sea
Bangkok
UdonThani
Nonthaburi
Samutprakan
Chonburi
10. Economics: RCEP
Image: www.mfat.govt
Trading Block:
Regional Comprehensive Economic
Partnership
Source: CNBC, 2015
10 members ASEAN+ 6
Partners
3.4 Billion of People
30% of World Trade
$10.6 Billion Trade Volume
11. Economics: APEC
Trading Blog: Asia - Pacific Economics Cooperation
Image: Thejakartpost * APEC
21 Members*
3 Billion of People*
47% of World Trade*
60% of World GDP Growth*
13. Sources for PESTAL Analysis:
1.
Stability/Terrorism
KNOEMA Worldwide
Governance Indicators,
2015
2. Rule of Law
WORLD BANK Worldwide
Governance Indicators
Data Access
5. Religious Hostilities
PEW CENTER FOR
RESEARCH. The Social
Hostilities Index (SHI)
Political Indicators
3. Corruption
TRANSPARENCY
INTERNATIONAL The
global coalition against
corruption
4. Human Rights
UNITED NATIONS High
Commissioner for Human
Rights