Maybe 50 years ago when raid industrialization was all the rage worldwide, and with an noxious war next door as a result of this economic power struggle (or power struggle masquerading and economic struggle), the King of Thailand expressly deigned that Thailand would stick with light industry.
Thailand is the only Asian country never conquered by a foreign power. The elderly beloved King is to be followed by an heir who is controversial, perhaps learning his ways from the Western military programs he attended. (Parents should remember that violence pornography and dope are a big part of the standing military.) People are concerned for the direction of Thailand.
And excellent master's thesis for some graduate student in business might be a study of Thailand, it's economic policies and resultant economic polity. One item demonstrating the robustness of the Thai economy is the fact the Port of Bangkok is so congested the govt is levying fees (which will get people to pick other ports from which to ship.)
Re: Bangkok Congestion Surcharge (Effective July 6, 2011 as applied by carriers)
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