Home : Book details : Book description

Description of  The Economic Consequences of Globalization on Thailand (Routledge Studies in Development Economics)

This book explores the impact of globalization, especially in the context of trade and investment policies, on the key economic outcomes, including innovation, productivity, employment, and wage using Thai manufacturing as a case study. The book looks at impacts of the shift of manufacturing share from industrialized to emerging countries and emergence of global value chains (GVCs) as well as liberalization through the proliferation of free trade agreements (FTAs) on key economic outcomes. The book highlights that globalization, through trade (including parts and components trade) and investment, continues in Thailand, amidst the anti-globalisation sentiment since the onset of the new millennium, especially the US-China trade war, and the COVID-19 pandemic. Thailand has gained considerable benefit from trade and investment liberalization in various forms, including innovation, firm productivity improvements and workers skills enhancement. Although the country has prospered in these areas, several further enhancements are needed in order to effectively harness the benefits available from globalization, including continued trade and investment policy reforms. Key policy inferences are provided in the last chapter. Read more