A middle-income country in Southeast Asia, Thailand has made important progress in social and economic development, even though it has suffered several years of financial and economic crisis in the late 1990s and has been impacted by political uncertainty over the past year. In fact, the long term trend has been strong. In the decade that ended in 1995, the Thai economy was one of the world’s fastest-growing at an average rate of 8-9 percent a year.

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