Date of Award:

5-1965

Document Type:

Thesis

Degree Name:

Master of Science (MS)

Department:

Economics and Finance

Committee Chair(s)

Leonard J. Arrington

Committee

Leonard J. Arrington

Committee

Reed R. Durtschi

Committee

Philip S. Spoerry

Abstract

Quickening the rate of economic growth and the conquest of poverty are the primary expressed objects of public policy in the underdeveloped countries of the world. In the new countries, particularly in Africa and Asia which have recently become independent, it was necessary to start almost from scratch in the construction of an advanced economy. Such countries have usually had (a) a high proportion of population in agriculture, with low productivity; (b) little capital per person and crude technology; (c) major expenditures for food; (d) high birth and death rates; (e) poor health and sanitation; and (f) a low level of education. These and other characteristics not only indicate the situation they are in politically, economically, and socially, but also what needs to be done to improve their status.

Most of the countries in Southeast Asia are underdeveloped and desire economic growth in order to prosper in the modern world. This is particularly true of Thailand and India. Although both depend on the monsoon, they have adopted different types of economic organization to attain economic growth. Thailand has adopted a democratic mixed economy, while India has adopted a mild socialist economy.

The objectives of this study are to compare the economic systems in Thailand and India, to assess the effectiveness of the economic programs they have outlined, and to compare their achievements and accomplishments in economic growth and development. As a Thai, I am naturally personally interested in techniques which might be useful in promoting the economic development of Thailand.

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