Thailand: The Best Place To Invest In The 21st Century
Anyone that has studied politics or economics since the 1960’s is likely keenly familiar with the Four Tigers, a symbolic reference to the economies of South Korea, Taiwan, Hong Kong, and Singapore, all of which experienced rapid and massive growth in the latter half of the 20th century. These four nations defied typical economic growth expectations like never before in world history, even ignoring the advice of international bodies such as the International Monetary Fund who told them to focus on simple industries such as textiles and ship-building!
Instead, the Four Tigers decided to ambitiously develop export and finance based economies focused on high technology and banking. A few short decades later, and these countries are not only extremely wealthy, but are also home to some of the world’s largest and most successful corporations, and responsible for much of the world’s electronics manufacturing and design.
As far as investment goes, and more specifically, real estate investment, East Asia is the obvious choice for wise investors of the 21st century looking for cheaper markets outside of Europe and North America. While South America and Africa continue to play host to wars, drug cartels, and extremely unstable and corrupt governments, the nations of East Asia continually reaffirm their rapid economic growth and stable governance year after year since the turn of the century.
But why Thailand? For quite a few years now, Thailand’s economy has been growing – and fast. In fact, it is one of the fastest growing countries not only in Asia, but in the entire world. While Japan and the Four Tigers are mostly “old news” as far as investors are concerned, the region of Southeast Asia is captivating not only bankers and government insiders, but also millions of tourists and end consumers world-wide as the new hotspot of international travel.
Unlike its ASEAN (Association of Southeast Asian Nations), Thailand does not suffer from widespread religious-based uprisings or micro-terrorism. While considered the most Buddhist nation in the world by most experts, and impressively loyal to their king, the Thai people are not idealistic by any means when compared to the likes of some of their Communist or Muslim neighbors. In fact, the Thai economy is predicted to grow by 5.5% in 2012 (even after massive flooding in 2011) and by upwards of 7.5% in 2013, even in the face of continued international recessions. With Thailand government courting foreign investment and encouraging foreigners to form companies within Thailand to further boost the country…