JuthathipJongwanich
The Economic Consequences of Globalization on Thailand
The Economic Consequences of Globalization on Thailand
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This book examines the impact of globalization on key economic outcomes, such as innovation, productivity, employment, and wages, using Thai manufacturing as a case study. It highlights the benefits of trade and investment liberalization, including innovation and productivity improvements, but also notes the need for further enhancements to fully harness the benefits of globalization. It is intended for policymakers and practitioners interested in international economics.
Format: Hardback
Length: 276 pages
Publication date: 31 January 2022
Publisher: Taylor & Francis Ltd
This comprehensive book delves into the profound impact of globalization, particularly in the realm of trade and investment policies, on a range of critical economic outcomes, including innovation, productivity, employment, and wages. Through a detailed case study of Thai manufacturing, the book explores the shifting dynamics of global manufacturing shares, the emergence of 'global value chains (GVCs), and the liberalization brought about by the proliferation of free-trade agreements (FTAs).
The book highlights that globalization, driven by trade, including the exchange of parts and components, continues to thrive in Thailand, despite the prevailing anti-globalization sentiment since the turn of the new millennium. This includes the recent challenges posed by the US-China trade war and the COVID-19 pandemic. However, Thailand has reaped significant benefits from trade and investment liberalization, including enhanced innovation, improved firm productivity, and improved worker skills. While the country has made substantial progress in these areas, further efforts are required to fully harness the potential benefits of globalization, including ongoing trade and investment policy reforms.
In the final chapter, the book offers key policy inferences that will be of interest to individuals with a passion for international economics, particularly those concerned with the economic consequences of globalization. It also holds relevance for policymakers and practitioners involved in shaping international trade and investment regulations.
Overall, this book provides a valuable insights into the complex interplay between globalization, trade, and investment policies, and their profound effects on economic development. It serves as a valuable resource for scholars, policymakers, and practitioners seeking to understand the evolving landscape of global economics.
Weight: 689g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367699727
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