Analysis Of Resetting The Economy

The article “Exporters see dim outlook for growth” connects to the economic setting of Thailand. Exports have been decreasing the past four years. Having decreasing exports means less money going into the economy. Industrial products also decreased by 2%. The government believes that export growth will increase. Low exports can affect foreign exchange decreasing trades with other countries and losing more money. Thailand also has had challenges competing with neighboring countries. The article “Resetting the economy” ties into the economic setting. There is an older population that is starting to have affects on the economy. Labor, saving and consumption are all becoming problems in the economy. One tenth of the population in Thailand is …show more content…
The online grocery market can contribute to the economy in a positive way. It would create big profits for the economy in Thailand. With urbanization rising, online grocery market is starting to boom in Thailand. A food retail company deliverer’s food through out Thailand and wants to double its online shopping in the next couple of years. This source of income would have a positive affect on the economy.
The article “the cold chill of inequality” discuses the problems of the wealth gap in Thailand. The wealth gap connects to the economics setting. The richest 1% of people in Thailand own 58% of the nations wealth. The gap between the rich and poor has been increasing each year. Education is hard to come by for low-income families making it difficult to get a higher paying job. Banks are strict when giving out loans making it hard for people to start their own business. The richest 1% does not put a lot of money back into the economy. Companies are not giving workers a chance to move up in the …show more content…
Exports have been decreasing in Thailand the past couple of years. Exports are apart of globalization. Other countries rely on goods from Thailand. With the decline of exports it affects other countries economies as well. Trade is a process of interaction, which is one part of globalization. If countries aren’t getting goods from Thailand then they aren’t producing a profit. If Thailand is not exporting then they are not making a profit either. If one economy starts to decline it can affect many others because of globalization. With Thailand having an older population it decreases the number of labor forces. If the labor force starts to decline then the amount of goods being made starts declining. If product is not being made then they are not exporting enough products. This can affect globalization because Thailand would not have enough revenue to buy products from other countries. Other countries would suffer if the were not exporting the amount of product they should be and creating a chain like affect for countries who count of imported product. Online grocery markets are increasing in popularity. The online grocery market is getting foods from all different countries to be sold online. This interaction between countries is globalization. New foods are being brought into countries that would not normally have it. The online grocery market can help the economy bringing in new jobs and more money. The online