Traditional Textiles, Government Reform Help Thailand Recover

Bangkok - In the early 1990s, Thailand's economy boiled, with building and infrastructure projects going on at an intense pace. But in 1997, the value of the Thai baht melted from 25 to 40 per U.S. dollar, making several companies bankrupt and leaving the economy in distress and shambles. Hotels stopped expansions, even basic replacements of soft furnishings. Importers could...