Thailand Capable to Cruise Through the Economic Crisis, Says World Economic Guru
At a recent gathering event of leading businessmen in Bangkok, one of the world’s foremost economic gurus said that Thailand and the rest of Asia were in a much stronger financial position now than during the Asian Financial Crisis in 1997, and that the country would successfully cruise through the current economic storm that is affecting business and industry across the globe.

Speaking at TCEB Annual Dinner Forum organised by Thailand Convention and Exhibition Bureau (TCEB) in cooperation with two strategic partners the Thai Trade Exhibition Association (TEA) and the Nation Multimedia Group Plc., Dr Arvind Subramanian, a leading economist from the Petersen Institute for International Economics and a former assistant director at the Research Department of the International Monetary Fund, revealed that Asia’s large foreign reserves would help stave off the economic misery experienced ten years ago. He added that the key to maintaining confidence in Asian economies was good domestic policy.

The primary function of the TCEB Annual Dinner Forum is to provide a platform to demonstrate the potential of the exhibitions and business event industry in Thailand, and to exchange knowledge and business expertise in a forum attended by business leaders, industrialists, economists and academics. At this year’s event the topic under discussion was ways to limit the impact of the global credit crisis on the Thai economy under the heading “Riding out the US Financial Crisis: Implication for Asia and Thailand”.

The Thai business event industry is one of the most important revenue generators to the country’s economy. Yet, Thailand is perceived as one of the most sought after events destinations in the world. In defiance of the current global economic situation, TCEB is expecting over 636,000 business travellers to visit the country, as a result, generating more than 52,000 million baht for the national economy.