Long established and newly
emerging industries – For any businesses to do well in the long run, there has
to be several other businesses that do well too, so the economy as a whole
develops and the wealth is redistributed amongst those business and industries
for the long run. In Thailand, there is a potential growth in this sector,
through strong industries, industrial production has risen and diversified all
across the country.
Quality of life – this factor can
be further grouped into three main subcategories;
Healthcare – In terms of
healthcare, Thailand has urbanized an exceptional status internationally due to
its globally certified doctors and medical staff, and modern facilities and
Education – the education system
in Thailand is internationally appreciated, with numerous schools and
universities that offer world class education to everyone applying.
Community- as mentioned before,
there is a diverse population in Thailand, with different backgrounds and
cultures. Thailand is known to be a land of smiles, and due to many people
belonging to different part of the world, there is little or no room at all for
xenophobic attitudes or discriminatory or favoritism acts.
In conclusion, I
would strongly recommend the investor place his capital into Thailand, as its known
for one of the best countries for investments. Thailand offers a secure and
profitable dea;, two significant objectives for any entrepreneur starting
his/her business and all of the factors above make it evident that Thailand
also has the necessary resources it will require for the investor to succeed in
the long run, and turn it into a profitable business empire.
Tariff is a tax or a duty that is imposed on a imports coming into a particular
country, that is the goods coming into a particular country. Tariffs are
barriers to the international trade. The tax is imposed as a percentage of
total cost, including freight and insurance. The tax that is imposed may be
ranging from a few percent of the cost of the good, to imposing a maximum 100%
to the cost of the good, in extreme scenarios. One common example for tariffs
is that most vegetables have a 20% tariff imposed.
sets a numerical limit to how much of a quantity a particular good can be
imported into a country. Quotas are often usually more flexible, they are easy
to adjust and remove at the same time. Quotas are usually used to protect the
domestic businesses, by limiting the amount of imports, which means while it
protects the local businesses and industries, consumers can sometimes
end up paying more if the price of the local goods is set above the
price of the imported goods. For example, the Organization of Petroleum
Exporting Countries sets a production quota for crude oil in order to
“maintain” the price of crude oil in world markets.
Generally tariffs and quotas are often geared
towards protecting newer or inefficient domestic industries that are seen as
important to the American economy and the production of jobs. The government
view is that by protecting these domestic industries, we can maintain jobs
through increased sales of domestic goods. This ultimately can lead to higher
tax revenue collected.