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Thailand: An economy on the path of globalization

Thailand’s economic development has come a long way in the last 160 years since the signing of the Bowring Treaty with Britain in 1855. That historic agreement opened the country to international trade and modernization stemming from the West’s industrial revolution. The severe floods of 2011 were an indicator of Thailand’s globalized economy. This natural disaster affected the world supply of hard disk drives and automobile parts. It also inflicted one of the most severe cumulative insurance losses in history. The severe floods of 2011 were an indicator of Thailand’s globalized economy “When I saw the impact of the floods on the global supply chain, I felt there was a need to tell the story of how this country had gone from a mostly agricultural society to a multi-faceted and fully globalized economy,” says Laurent Malespine, the film’s maker. “In doing so, we also tell the story of how globalization...

 

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