In the case of Thailand, their number one priority should be to develop the economy first. By doing so, they will increase the amount of money they can spend to build roads, schools, factories, or whatever they choose to develop next.
Development is clearly a step by step process for Thailand.
Beginning in 1999 the baht stabilized and inflation and interest rates began coming down. The regional recovery boosted exports, while fiscal stimulus buoyed domestic demand. Thailand's geography, rich in natural resources, has created an economic boom that may serve as a model for all East Asian countries to follow. Thailand is one of the largest food exporters in the world, largely because of the fertile land throughout the country. The country will use this agricultural background as it expands its industrial sector.