Saturday, March 15, 2008

Economy of Bangkok


Government is the largest single employer in Bangkok, but the number of jobs in commerce, construction, manufacturing, and various services is also significant.

Banks and other financial services employ many people, as do the highly regarded jewelry and hospitality industries.

Bangkok’s workforce also includes hawkers, peddlers, stevedores (workers who load or unload ships), and truck drivers who transport goods to and from Thailand's provinces.

Agricultural processing, particularly rice milling, was once centered in Bangkok, but this industry has been displaced by the manufacturing of such items as textiles, printed electronic circuits, and computer components, and the processing of such items as shrimp and snack foods.

The headquarters of all the country's banks are located in Bangkok.

The city has many automatic teller machines (ATMs), and relative to other southeast Asian cities, a significant amount of banking is done by ATM.

Bangkok draws millions of visitors each year, and tourism is a major source of capital.
Different areas of Bangkok still specialize in one product or another, such as bathroom fixtures, antiques, ecclesiastical goods (for Buddhist temples), automobile spare parts, and handguns.

The dominant commercial buildings, however, have increasingly become air-conditioned shopping malls and department stores, to which people from throughout the country flock to shop.

Thailand’s transportation system radiates out from Bangkok, with good road and rail connections to all parts of the country, as well as airports.

The Don Muang International Airport, located north of the city, is one of the busiest in Southeast Asia.

In 2001 construction began on a new, larger-capacity international airport about 30 km (about 20 mi) east of Bangkok.

When completed, the new Suvarnabhumi International Airport will relegate the Don Muang airport to domestic flights only.

A series of new highways has been constructed to access the new airport. The majority of Thailand’s imports and exports go through Bangkok’s port.

Bangkok’s population increased by about 1.5 million people between the 1980 and 2000 censuses, and the combination of rapid urban growth and economic development have strained its communications system.

In the early 1990s the country added 4 million new telephone numbers, mainly in Bangkok, and today a request for a telephone line connection can take up to two years to be filled.

Consequently, cellular telephone service, for which there is no wait, has experienced explosive growth.

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