Identify and analyze important elements for the growth and development or lack of for either Vietnam, Burma or Thailand for the last 40 years or so. Analyse whether the country has succeeded or failed a definition of economic development (economic growth & better living standards).
There are several theories that explain the factors of rapid growth in South east Asia. One group say capital accumulation another say technology2. This paper examines if these factors apply to Thailand and whether it has successfully met a definition of economic development. The first section will analyze sources of capital accumulation split in periods between 1950 – 2010. Second section looks at how technology has affected growth through import and Foreign Domestic Investment. Third section discusses if Thailand has met a definition of economic development by means of economic growth, poverty reduction and population control.