Transitional Thai Economy

By Lect. Wannaphong    Durongkaveroj Faculty of Economics, Ramkhamhaeng   University Photo Source: www.forbes.com From time to time, a mobile phone becomes a smart phone with more advanced operating system. In market, there is a total change for the suppliers of it as Nokia, Sony Ericsson, and Siemens are no longer the main share in the market. Instead, today is the era of Apple Inc. products (Iphone), Samsung, Huawei, and LG. The main purpose of this article is to explain the reasons behind the success of smart phone's sales, especially the phenomena in Thailand. In economics, smart phone has been transformed from luxury to necessity which means that price can no longer distort the quantity demanded  - no matter how high price smart phone is, people still demand it. This transformation of the kind of goods causes many effects to economy because  it can be referred to changes of consumer's income, taste, and economy overall. When...

Wannaphong     Durongkaveroj Department of Development Economics, Faculty of Economics Ramkhamhaeng   University, Bangkok, Thailand (E-mail Address: Wannaphongd@gmail.com) After partition, the living standard of Bangladesh, overall, seems to be better off. According to the World Bank, in 1990, Gross Domestic Product (GDP) measured by PPP (Current international $) of Bangladesh was around 74.26 billion while of Pakistan was around 213.09 billion. The economy of Pakistan was bigger than Bangladesh around 2.87 times. By ten years later, namely 2000, the gap of national income between Pakistan and Bangladesh got closer to 2.64 times revealing the more increasing rate in economic growth of Bangladesh. From 1990 to 2000, GDP grew around 95.77 and 80.30 for Bangladesh and Pakistan, respectively. In 2013, the gap got smaller to 2.13 times. Bangladesh’s output was at 400.48 billion while 855.87 billion for Pakistan. GDP of Bangladesh grew over 439.31 percent over th...