what type of economic system does thailand have
Economy of Thailand Thailand is a newly industrialized country. Its economy is heavily export-dependent, with exports accounting for more than two-thirds of its gross domestic product (GDP). In 2017, according to the IMF, Thailand had a GDP of 15.450 trillion baht (US$455 billion), the 8th largest economy of Asia.[24] Thailand has a headline inflation rate of 3.02 percent[7] and an account surplus of 0.7 percent of the country's GDP.[25] In 2013, the Thai economy is expected to grow in the range of 3.8–4.3 percent.[26] During the first half of 2013 (Q1-Q2/2013), the Thai economy grew by 4.1 percent (YoY).[26] After seasonal adjustment, however, Thailand's GDP contracted by 1.7 percent and 0.3 percent in the first and the second quarters of 2013 respectively.
Tariff A tariff is a tax on imports or exports between sovereign states.
Human overpopulation According to the Millennium Ecosystem Assessment, a four-year research effort by 1,360 of the world's prominent scientists commissioned to measure the actual value of natural resources to humans and the world, "The structure of the world's ecosystems changed more rapidly in the second half of the twentieth century than at any time in recorded human history, and virtually all of Earth's ecosystems have now been significantly transformed through human actions."[163] "Ecosystem services, particularly food production, timber and fisheries, are important for employment and economic activity. Intensive use of ecosystems often produces the greatest short-term advantage, but excessive and unsustainable use can lead to losses in the long term. A country could cut its forests and deplete its fisheries, and this would show only as a positive gain to GDP, despite the loss of capital assets. If the full economic value of ecosystems were taken into account in decision-making, their degradation could be significantly slowed down or even reversed."[164][165]
Mercantilism The second school, supported by scholars such as Robert B. Ekelund, portrays mercantilism not as a mistake, but rather as the best possible system for those who developed it. This school argues that rent-seeking merchants and governments developed and enforced mercantilist policies. Merchants benefited greatly from the enforced monopolies, bans on foreign competition, and poverty of the workers. Governments benefited from the high tariffs and payments from the merchants. Whereas later economic ideas were often developed by academics and philosophers, almost all mercantilist writers were merchants or government officials.[22]