World Bank poll shows politics hurting investment
Political turmoil and a lack of skilled labor has made Thailand less attractive among investors, according to the results of a World Bank survey.
About 70% of respondents surveyed during the period April-November 2007 said macroeconomic instability had dampened the investment climate, compared with less than 40% in 2004. More than 60% of respondents said the government's lack of clear policies had weakened the investment climate during 2007.
“Business operators' perception of the investment climate [in Thailand] significantly dropped in 2007,” said Xubeu Luo, a World Bank economist.
A shortage of skilled labor, poor access to capital, and insufficient yet costly regulations had all been negative factors for the country, while unreliable infrastructure had also hit the investment climate.
More than 1,000 businesses from across the country were interviewed for the survey, which covered nine sectors, including auto parts; electrical appliances; food processing; and textiles. - Manager Online.
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