Ease of Doing Business and Corruption

Ease of Doing Business Ranking – According to the World Bank, doing business in Thailand is very easy. Thailand is one of the highest performing countries in the global Ease of Doing Business Index, having ranked 21st in the year 2019. As seen in the chart below, this rank puts Thailand far ahead of many of its regional peers and, thus, serves as a stimulant of foreign investment.

 

IPRI Ranking-Thailand ranked 65tin out of the 129 countries that were included in the Intellectual Property Rights Index.

 

Perceived Transparency Score–A perceived lack of transparency is one major obstacle standing in the way of Thailand’s progress towards economic leadership. In 2019 Thailand ranked 104tH in Transparency International’s Global Corruption Perceptions Index (CPI), down by five spots from its ranking in 2018.Unfortunately, transparency is one arena in which Thailand has not made consistent improvements owing, perhaps, in part to the social and political instability that existed in the country between 2014 and 2019. However, one of the twelve major priorities of the newly formed government is to prevent corruption, and as measures are put in place to further this cause, transparency, too, will be uplifted in Thai society.

To find out more on Thailand’s transparency scores over the years, click the link below:

https://www.transparency.org/cpi2019

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