Beginning of the middle income Transition.

PaulRen's picture
Submitted by PaulRen on Sun, 11/09/2011 - 8:46am

Thailand is at the beginning of the middle income Transition. A concept well known to developing country economists.  It means rising consumption and domestic generated organic growth, instead of relying mostly on exports and other external factors like tourism.  This change has important implication for us investors.

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