Traditional Practices as Business Models The transformation of Thai cultural practices into commercial products and services represents a significant economic shift. Traditional crafts, healing practices, and cultural performances have been adapted into marketable experiences for both domestic and international consumers. This process has create
Scientific Research and Development Thai spa products have undergone significant transformation through scientific research into traditional herbs' active compounds. Modern laboratories have isolated and identified key molecular components from plants like turmeric, lemongrass, and kaffir lime, understanding their therapeutic properties at a che
Mass Movement and Early Challenges Thailand's urban migration accelerated dramatically from the 1960s onwards, as rural residents sought economic opportunities in Bangkok and other major cities. This movement created unprecedented challenges in urban housing, infrastructure, and social services. Early migrants often lived in informal settlements
Foundation and Early Growth The Stock Exchange of Thailand (SET) established in 1975, marked Thailand's entry into modern capital markets. Beginning with just a handful of listed companies and limited trading volume, the exchange initially struggled to attract both domestic and foreign investors. The early years focused on building market infras