Academic literature on the topic 'Thailand Economic integration'

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Journal articles on the topic "Thailand Economic integration"

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Srisanit, Witchanee. "Regional Comprehensive Economic Partnership: Opportunities and Challenges for Thailand." South East Asia: Actual problems of Development, no. 4(49) (2020): 132–44. http://dx.doi.org/10.31696/2072-8271-2020-3-4-49-132-144.

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Multilateral economic cooperation in the framework of RCEP is one of Thailand's main goals for its integration into the global economy. Due to its geographical location in the center of Southeast Asia, which maintains its leading role in the region, especially in economic aspects, Thailand will be able to make use of its Eastern Economic Corridor (EEC) project to expand international trade with various partners in larger markets and attract foreign investment to the country through the Master Plan on ASEAN Connectivity (MPAC 2025), and the China’s Belt and Road Initiative (BRI) Within the framework of the cooperation, Thailand, however, will face not only numerous opportunities, but also challenges.
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Tinh, Bui Duc, and Pham Xuan Hung. "Regional Economic Integration and Risks for Agricultural Products." International Journal of Applied Logistics 10, no. 1 (January 2020): 27–40. http://dx.doi.org/10.4018/ijal.2020010103.

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This article aims to analyze the impact of regional economic integration on agricultural production risk in the case study of banana value chain in Huong Hoa district, Quang Tri province, one of the provinces located on East-West economic corridor. The article utilises methods of value chain analysis that is mainly based on descriptive statistical analysis, combining with qualitative and quantitative analysis to describe the structure, mechanism of operation and the creation of values. The research results indicate that the bananas are consumed in both the domestic and abroad market, namely: 80% of Huong Hoa banana is consumed in the Chinese market, and 5% is exported to the Thailand market and the 15% remaining is for the domestic market. Banana farmers are the agents holding the highest financial position on all three indicators of cost, marginal revenue and profit, but the least of benefit in channels in all three markets: China, Thailand and domestic market. The study also points out that the highly dependent degree of Chinese market is one of the main factors creating instability and unsustainability of the banana value chain in Huong Hoa district in the long-term. This article highlights the risks of agricultural products (cases of bananas) under the regional economic integration process.
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Eom, Eunhui. "Special Border Economic Zones in Thailand and Economic Integration of the Mekong Region." Asia Review 8, no. 2 (February 28, 2019): 35–63. http://dx.doi.org/10.24987/snuacar.2019.02.8.2.35.

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Darlington, Susan M. "Buddhist Integration of Forest and Farm in Northern Thailand." Religions 10, no. 9 (September 10, 2019): 521. http://dx.doi.org/10.3390/rel10090521.

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Usually seen as incompatible, forests and farms are integrated by Buddhist environmental activists in Thailand. Monks engaged in environmental conservation see the conditions of farmers’ lives as related to how they treat the forests surrounding their farms. If farmers seek their livelihood through cash-cropping and contract farming, they see the forest as a material resource in terms of land for future farms. This attitude contributes to the rapid deforestation occurring across northern Thailand’s mountainous region and a cycle of environmental degradation and economic struggle. Buddhist monks work with non-governmental organizations and sometimes state agents to encourage farmers to shift to integrated agriculture, growing a mix of food crops and raising animals mimicking ecological relations. The monks teach that the forest is part of this eco-system, as it supplies water and other natural resources and must be protected. This paper examines the work of Phrakhru Somkit Jaranathammo, a monk in Nan Province, Thailand, who promotes dhammic agriculture and engages a new interpretation of Right Livelihood, a basic Buddhist principle, to support and protect the well-being of both the forest and farmers.
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Rimmer, P. J. "Regional economic integration in Pacific Asia." Environment and Planning A: Economy and Space 26, no. 11 (November 1994): 1731–59. http://dx.doi.org/10.1177/0308518x9402601104.

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The emergence of a new infrastructural arena in Europe has prompted searches for similar ‘macroeconomic corridors’ in the United States and Japan. Although they can easily be discovered in the United States, confining attention to Japan omits new regional forms brought about by economic integration in Pacific Asia. After examining the driving forces behind regional economic integration—rival firms, rival states, and supranational organisations—interest is focused on the ‘Japan Corridor’ and emerging zones of economic cooperation in the Yellow Sea and South China Sea as the building blocks of an East Asian development corridor. The rudiments of a Southeast Asian corridor are also examined by centring attention on the ‘Growth Triangle’ (Singapore-Johor-Riau), the ‘Northern Triangle’ (northern Malaysia-southern Thailand-northern Sumatra), and other manifestations of regional economic cooperation. More speculative discussion considers how a Pacific Asian corridor could emerge from further zones of economic cooperation in both Indochina and the Japan Sea. Its pivot could be the Hong Kong-Shanghai-Taipei triangle—a reflection of the likely emergence of a greater Chinese economic grouping.
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Tan, Lay Hong. "WILL ASEAN ECONOMIC INTEGRATION PROGRESS BEYOND A FREE TRADE AREA?" International and Comparative Law Quarterly 53, no. 4 (October 2004): 935–67. http://dx.doi.org/10.1093/iclq/53.4.935.

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The raison d'être of ASEAN was a political one,1 to secure the region's peace, stability, and development. Against all odds, the founding members, namely, Indonesia, Malaysia, the Philippines, Singapore, and Thailand signed the ASEAN Declaration on 8 August 1967. Brunei was admitted in January 1984, Vietnam in 1995, which was followed closely by Laos and Myanmar in 1997. Thirty-two years later, on 30 April 1999, ASEAN formally encompassed all ten countries of South-East Asia by admitting Cambodia.2
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Balasubramaniam, Arunnan, Shazali Abu Mansor, and Chin‐Hong Puah. "The Relationship between Trade Integration and Economic Growth: Case of ASEAN-5 Countries." Global Economy Journal 16, no. 4 (December 2016): 745–68. http://dx.doi.org/10.1515/gej-2016-0024.

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This paper studies how regional trade among ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) help in expanding the member countries’ output. This paper applies ARDL bound testing approach with instrumental variables to explore the relationship and finds that estimates is in range of 0.27–0.55 %. The paper concludes that trade integration should be promoted in order to stimulate economic growth within each country.
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Xu, Wenqian, and Sikander Islam. "What Does ASEAN Economic Community Bring to Older Workers? Examining Inequality in Old Age in Thailand’s Fast-Ageing Society." JAS (Journal of ASEAN Studies) 7, no. 1 (August 2, 2019): 86. http://dx.doi.org/10.21512/jas.v7i1.5590.

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The ASEAN Economic Community is envisaged to promote economic integration initiatives to create a single market across Southeast Asian member countries. It is acknowledged that the intergovernmental initiatives need to be accommodative to national and regional contexts. Thailand, as a pivotal and active partnership, endeavours to facilitate economic transformation and regional integration within the ASEAN and cope with population ageing in Thai society. Since Thailand has been the third most rapidly ageing country in the world, demographic changes pose new challenges for how to achieve persistent economic growth, productive employment and decent work. This article is based on a qualitative approach to investigate the emergent inequality within and across age cohorts shaped by the AEC structural forces, as well as utilizes reliable secondary data to formulate argumentation, including academic publications, policy analysis, scientific reports. We are particularly concerned about the heterogeneity and poverty in old age from the perspective of cumulative advantages/disadvantages. In conclusion, this article suggests policy recommendations of mitigating inequality in old age and advocates a critical lens to examine how political economic structure shapes older individuals in the labour market.
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Verico, Kiki. "The Key Factors of Economic Integration in Southeast Asia: Case of Indonesia, Malaysia, and Thailand." JAS (Journal of ASEAN Studies) 4, no. 2 (April 25, 2017): 107. http://dx.doi.org/10.21512/jas.v4i2.887.

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Shifting from intra-regional trade to that of investment is the major aim of the economic integration of Southeast Asia. This article attempts to analyse the two essential factors of it, one is intra-regional trade and two is economic community. For the first analysis it selects Indonesia, Malaysia and Thailand as the observed countries and for the second analysis it takes Indonesia as the field study. Firstly, this article finds that free trade agreement is effective to increases intra-regional trade but ineffective to attract investment therefore Southeast Asia needs to amplify its open-regionalism principle. Secondly, it finds that private sector is ready towards the economic community therefore the ASEAN Economic Community is fit for the recent Southeast Asia’s integration.
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Aziza, Nurul, M. Adhi Prasnowo, and Khoirul Hidayat. "Halal Tourism, Cerfication Regulation, and Research Institute Insigh From IMT-GT Countries: A Review." International Journal of Science, Technology & Management 1, no. 3 (September 30, 2020): 265–72. http://dx.doi.org/10.46729/ijstm.v1i3.52.

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The Indonesia-Malaysia-Thailand Growth Triangle) began as an initial effort of liberalization and economic integration in ASEAN. IMT-GT was officially endorsed in 1993, provides a sub-regional framework to accelerate cooperation and economic integration to develop the country's economy. With the increasingly vigorous issue of halal, then established the institution to oversee and provide assurance against halal products. This article explains halal tourism, regulation on halal certification as well as research institute about halal. There are by providing the differences between the three developing countries namely Indonesia, Malaysia and Thailand. Indonesia has regulation about concerning guarantee of halal products regulation UU number 33 year 2014. Malaysia has an advantage in terms of regulations and laws on halal certification, but not so with Indonesia as a country with a majority Muslim population. Indonesia has not made halal certification as a guarantee of food and beverage product safety. Indonesia also has a large and free halal market, clear rules, but in implementation it can be said to be weak. Whereas in Malaysia, halal research is quite strong and shows an increasing trend, public awareness about halal is also strong so that the process of certifying halal products goes synergistically. But in Thailand is still starting steps towards halal research. But on the other hand, producers in Thailand have a high awareness of the importance of producing halal products.
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Dissertations / Theses on the topic "Thailand Economic integration"

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Buppawan, Papot. "Les aspects internationaux de la TVA en Thaïlande." Thesis, Aix-Marseille, 2017. http://www.theses.fr/2017AIXM0476.

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Introduite à partir de 1992 en remplacement de l’ancienne taxe sur les affaires, la taxe sur la valeur ajoutée (TVA) représente actuellement la part essentielle des prélèvements fiscaux de l’État thaïlandais. Outre l’importance de l’impôt en termes de recettes, le choix de la TVA s’imposait compte tenu des réformes entreprises en vue d’assurer une plus grande neutralité de l’impôt dans les opérations internationales. Or, dans le contexte de la mondialisation des échanges et l’émergence de l’économie de l’immatériel, la question du traitement fiscal des opérations internationales en matière de TVA, est aujourd’hui à l’origine de nombreuses difficultés qui restent à résoudre. Dans la perspective de l’adaptation des règles régissant l’application du système thaïlandais de TVA à ces nouvelles réalités économiques, l’étude portant sur les « aspects internationaux de la TVA en Thaïlande » a pour ambition de présenter, à travers une analyse approfondie des aspects substantiels et procéduraux des réglementations fiscales thaïlandaises en la matière, leurs principaux éléments caractéristiques, en vue d’une mise en comparaison avec les principes généraux ou les bonnes pratiques recommandées par les organisations internationales. La démarche adoptée devait ainsi permettre d’identifier les faiblesses ou les insuffisances du système actuel et de formuler, à l’issue de ce diagnostic, des propositions pour l’amélioration de la TVA en Thaïlande
Introduced in 1992 as a replacement for the old business tax, value added tax (VAT) currently accounts for the essential part of the tax revenues in Thailand. In addition to the importance of such form of taxation in terms of revenue, the choice of tax reform in favour of VAT was seen as a necessary way to achieve greater tax neutrality with respect to treatment of cross-border transactions. However, in the context of the globalization of trade and the emergence of the intangible economy, the application of VAT to international trade of goods and services has caused a lot of important tax issues which are yet to be resolved. With a view to ensure successful adaptation of international taxation rules under the Thai VAT system to an ever-changing economic environment, the study on the "international aspects of VAT in Thailand" seeks to explore, through an in-depth analysis of the substantive and procedural aspects of the relevant tax rules, the main features of the international application of the Thai VAT system. The analysis of these features which shall then be examined, in light of general principles of taxation or best practices recommended by international organisations, should allow to identify the weaknesses or shortcomings of the current system and to offer suggestions for improvements of VAT in Thailand
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Thanyakhan, Sutana. "The Determinants of FDI and FPI in Thailand: a Gravity Model Analysis." Phd thesis, Lincoln University. Commerce Division, 2008. http://theses.lincoln.ac.nz/public/adt-NZLIU20080429.102238/.

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Thailand has been one of significant recipients of foreign direct investment (FDI) among developing countries over the last 30 years, and has recorded rapid and sustained growth rates in a number of different industrial categories. Thailand has shown a clear policy transition for foreign investment over time from an import-substitution regime to an export-oriented regime. Before the 1997 Asian Financial Crisis (1985-1996), Thailand had the fastest growing level of exports in manufactured goods among Asian economies. FDI plays a significant role in the Thai economy. Thailand has been pursuing different foreign investment policies at different times depending on the development objectives and economic situation in the country. The main objective of this research is to evaluate the determinants of FDI and foreign portfolio investment (FPI) in Thailand using the extended Gravity Model. Panel data is used to estimate and evaluate the empirical results based on the data for the years 1980 to 2004. It also examines the FDI flows between different locations and their geographical distances in Thailand. The primary research question addresses what factors motivate, attract, and sustain the FDI and FPI in Thailand. In addition, this study also examines the effects of the 1997 Asian Financial Crisis on the inflows of FDI and FPI into Thailand. The results show that the inflows of FDI in Thailand, which are supply-driven, are significantly influenced by its 21 largest investing partners. The 1997 Asian Financial Crisis has no impact on the determinants of the inflows of FDI into Thailand, but positively influences the inflows of FPI into Thailand. Our results also show that increases in GDP and trade between investing partners and Thailand potentially attract more FDI and FPI into Thailand. Investing partners closer to Thailand draw more portfolio investment into Thailand than distant partners – emphasising that distance has a negative impact on the portfolio investment but a negligible impact on the FDI.
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Mei-ChernChou and 周美辰. "Thailand 's Economic Integration and Strategic Pattern Analysis in the Greater Mekong Subregion Economic Cooperation Program: A Cross - Regional Development." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/3mk6e8.

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Wattanakul, Thanet. "Thailand's openness and implications for economic and trade policy: an econometric study." Thesis, 2010. https://vuir.vu.edu.au/16004/.

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Thailand is currently enhancing and promoting intensive trade and investment liberalisation, and has implemented a long-term growth policy in accordance with current regional economic integration, World Trade Organisation obligations and globalisation. Nevertheless, several recent internal and external factors such as the severe acute respiratory syndrome (SARS) and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asian financial crisis and domestic economic policy reforms and political instability as well as military coups have affected the efficiency and success of this policy. While these issues have been important for Thailand and developing countries in Asia, only limited quantitative or evidence-based research has been undertaken to investigate them. Consequently, it has been very interesting to undertake modelling and policy-based research on this subject. Therefore, this study aims to develop an appropriate econometric model for Thailand to study the impact of openness on the country’s trade and growth to provide plausible policy implications and recommendations.
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Popattanachai, Narun. "From Financial Liberalization to Financial Integration: A Legal Theory of Finance Reinterpretation of the Asian Financial Crisis and the Implications for the Future of Thailand and South East Asia." Thesis, 2018. https://doi.org/10.7916/D8MW40KQ.

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This dissertation explores the role of law in the financial development of an emerging economic country. Its main proposition is that law plays a fundamental part in both the construction and the subsequent failure of a financial system, in addition to the function of reducing frictions and distortions in order to maintain the orderly running of the market. The dissertation illustrates the aforementioned proposition with an in-depth case study of the Asian Financial Crisis (AFC) which was initially rooted in the Thai financial sector. Aided by the analytical paradigm offered by Legal Theory of Finance, it parses the legal and institutional aspects of the rapidly developing financial markets in Thailand and her investing partners. This allows the ensuing Crisis to be seen from the previously underexplored institutional underpinning of the volatile financial cycle which characterized the region at the time. Subsequently, the dissertation employs the same intellectual framework in order to explain the post-crisis reform initiatives and their systemic implications for the regional financial architecture under the auspices of the Association of the South East Asian Nations. This dissertation cuts across a number of disciplines: law and finance, law and economic development, financial and banking regulation, international financial law, to name but a few.
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LiSa and 撒俐. "An Analysis on the Regional Gravity Transfer of Thailand Economy:The Perspective of Geo-economics and Integration." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/7y2p4f.

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碩士
國立成功大學
政治經濟研究所
103
The study exploits geo-economics theory, regional development theory, and core- frontier theory to probe the “Thailand’s internal economic development”, “Thailand, China and GMS border economic development”, and“Thailand and the regional and global cross-border economic development”.
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Books on the topic "Thailand Economic integration"

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Glassman, Jim. Bounding the Mekong: The Asian Development Bank, China, and Thailand. Honolulu: University of Hawaiʻi Press, 2010.

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Bounding the Mekong: The Asian Development Bank, China, and Thailand. Honolulu: University of Hawaiʻi Press, 2010.

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Cooperative Ministers Conference (4th 1997 Chiang Mai, Thailand). Report of the 4th Asia-Pacific Conference of Cooperative Ministers on "Cooperatives in a Changing Socio-Economic Environment", Chiangmai, Thailand, 18-22 March 1997. New Delhi: International Co-operative Alliance, Regional Office for Asia & the Pacific, 1997.

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T, Nirmala Devi, and Andhra University. Centre for SAARC Studies., eds. India and Bay of Bengal community, the BIMSTEC experiment: Bangladesh-India-Myanmar-Sri Lanka-Thailand economic cooperation. New Delhi: Gyan Pub. House, 2007.

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Conference on Subregional Economic Cooperation (3rd 1994 Hanoi, Vietnam). Economic cooperation in the greater Mekong subregion: Toward implementation : proceedings of the Third Conference on Subregional Economic Cooperation among Cambodia, People's Republic of China, Lao People's Democratic Republic, Myanmar, Thailand and Viet Nam, Hanoi, Viet Nam, 20-23 April 1994. Manila, Philippines: Asian Development Bank, 1994.

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1957-, Thant Myo, Tʻang Min 1953-, and Asian Development Bank, eds. Growth triangle: Theory to practice. Manila: Asian Development Bank, 1996.

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Conference, on Subregional Economic Cooperation among Cambodia Lao People's Democratic Republic Myanmar Thailand Viet Nam and Yunnan Province of the People's Republic of China (2nd 1993 Manila Philippines). Economic cooperation in the Greater Mekong Subregion: Proceedings of the Second Conference on Subregional Economic Cooperation among Cam odia, Lao People's Democratic Republic, Myanmar, Thailand, Viet Nam and Yunnan Province of the People's Republic of China, 30-31 August 1993. Manila: Asian Development Bank, 1993.

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Thailand) BIMST-EC Summit (1st 2004 Bangkok. Visit of the prime minister of the Republic of India Dr. Manmohan Singh for the first BIMST-EC Summit Bangkok (Thailand), 29 July to 31 July 2004. New Delhi: External Publicity Division, Ministry of External Affairs, 2004.

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Bank, Asian Development, and Conference on Subregional Economic Cooperation (4th : 1994 : Chiang Mai, Thailand), eds. Subregional economic cooperation among Cambodia, People's Republic of China, Lao People's Democratic Republic, Myanmar, Thailand, and Viet Nam: Proceedings of the fourth conference, Chiang Mai, Thailand, 15-16 September 1994. Manila, Philippines: Asian Development Bank, 1994.

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Glassman, Jim. Bounding the Mekong: The Asian Development Bank, China, and Thailand. University of Hawaii Press, 2010.

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Book chapters on the topic "Thailand Economic integration"

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Nakabayashi, Jun. "Thailand-plus-one." In Economic Integration and Regional Development, 103–14. First Edition. | New York : Routledge, 2017. | Series: Routledge studies in the modern world economy ; 170: Routledge, 2017. http://dx.doi.org/10.4324/9781315534053-8.

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Suteethorn, Chularat. "Economic Cooperation between Thailand and India and its Implications for the Asian Community." In Economic Integration in Asia and India, 89–115. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/9780230591004_4.

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Kaneko, Hidefumi, Kwangmoon Kim, Francisco T. Secretario, and Phetsamone Sone. "Empirical analysis of international economic dependencies based on the three-nation (China–Thailand–Lao PDR) international input–output table." In Economic Integration and Regional Development, 218–31. First Edition. | New York : Routledge, 2017. | Series: Routledge studies in the modern world economy ; 170: Routledge, 2017. http://dx.doi.org/10.4324/9781315534053-16.

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Jansen, Karel. "The Integration of Thailand in the Global Economy." In External Finance in Thailand’s Development, 21–54. London: Palgrave Macmillan UK, 1997. http://dx.doi.org/10.1007/978-1-349-25846-8_2.

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Aida, Takeshi. "Integrating Agricultural and Industrial Development." In Emerging-Economy State and International Policy Studies, 305–16. Singapore: Springer Nature Singapore, 2022. http://dx.doi.org/10.1007/978-981-19-5542-6_22.

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AbstractThe Green Revolution has brought about a significant increase in agricultural productivity, expediting a shift in industrial structure. Although economic theories have been based on the dichotomy of agricultural and industrial sectors, the actual shift is more gradual. In this chapter, we discuss the role of upstream and downstream industries of agriculture in development strategy from the perspective of global value chains. We claim that agricultural processing and retail industries can integrate agricultural and industrial developments. In this regard, the model of cluster-based development is informative, and the role of human capital investment and associations is essential. We also provide an overview of the development of the tapioca industry in Thailand as an illustrative case study. This discussion ultimately aims to redefine agricultural development as a part of long-term economic development.
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Pastpipatkul, Pathairat, Petchaluck Boonyakunakorn, and Songsak Sriboonchitta. "Thailand’s Export and ASEAN Economic Integration: A Gravity Model with State Space Approach." In Lecture Notes in Computer Science, 664–74. Cham: Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-49046-5_56.

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Han, Enze. "Conclusion." In Asymmetrical Neighbors, 157–64. Oxford University Press, 2019. http://dx.doi.org/10.1093/oso/9780190688301.003.0009.

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Chapter 9 concludes with some theoretical reflection on the neighborhood effect of state and nation building. More pertinent to the borderland area examined in this book, it also looks at recent developments in China’s push for more regional economic integration and the implications for both Myanmar and Thailand. By documenting the historical development of variations in these state and nation buildings, and their contemporary manifestations, the book emphasizes how asymmetrical power relations across national borders have deep consequences for how politics along the border are structured and the diverse outcome in state consolidation and national identity construction. Specifically, the book has pointed out the substantial influence the PRC has in the political dynamic of the borderland. With its growing power asymmetry over its southern neighbors, its influence is bound to increase, along with possible resistance against its influence.
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"5. E-commerce and its Development in Thaila." In E-Commerce, Competition & ASEAN Economic Integration, 63–118. ISEAS Publishing, 2019. http://dx.doi.org/10.1355/9789814762175-007.

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"8. Thailand’s SME Participation in ASEAN and East Asian Regional Economic Integration." In SMEs and Economic Integration in Southeast Asia, 355–434. ISEAS Publishing, 2019. http://dx.doi.org/10.1355/9789814818797-011.

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"17. Thailand’s Perspective on the Role of the Private Sector in the Process of Regional Integration." In Achieving the ASEAN Economic Community 2015, 286–306. ISEAS Publishing, 2012. http://dx.doi.org/10.1355/9789814379656-023.

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Conference papers on the topic "Thailand Economic integration"

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Lestari, Reni. "Analysis of Stock Market Integration Among ASEAN Countries by Using Vector Error Correction Model (VECM) Approach." In Japan International Business and Management Research Conference. RSF Press & RESEARCH SYNERGY FOUNDATION, 2020. http://dx.doi.org/10.31098/jibm.v1i1.220.

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Globalization has driven the economy of countries to relate to each other. It brings relationships in the capital among countries in the world, especially in ASEAN region countries. This study aimed to analyze the integration of the stock market among countries in the ASEAN region. The stock market was analyzed are the Indonesia Stock Exchange, Malaysia Stock Exchange, Singapore Stock Exchange, Thailand Stock Exchange, Vietnam Stock Exchange, and Philippine Stock Exchange. This study using the Vector Error Correction Model (VECM) as the method. The result of this study shows that, in the long term Singapore Stock Index (STI), Malaysia Stock Index (KLSE), Philippines (PSEi), and Indonesia Stock Index (JKSE) are positively correlated. This means the change of stock index price in one country will affect other related countries in the long term. In the short term of VECM estimation, found the Vietnam Stock Index (VNI), Singapore Stock Exchange (STI), Philippine (PSEi) are positively correlated and negatively correlated with Thailand Stock Exchange (SET). For the managerial implication, the result of this study is expected as a reference or basis of consideration of investment decisions. This because long-term stock market movements are important because they impact international portfolio management and risk diversification.
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Dias, Rui, Paula Heliodoro, Paulo Alexandre, and Cristina Vasco. "FINANCIAL MARKET INTEGRATION OF ASEAN-5 WITH CHINA: AN ECONOPHYSICS APPROACH." In 4th International Scientific Conference – EMAN 2020 – Economics and Management: How to Cope With Disrupted Times. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2020. http://dx.doi.org/10.31410/eman.2020.17.

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The main objective of this research is to estimate whether portfolio diversification is feasible in the financial markets of Indonesia, Malaysia, Philippines, Singapore and Thailand (ASEAN-5), and the market of China, in the context of the stock market crash in China in 2015. The purpose is to answer two questions, namely whether: (i) has the stock market crash in China increased financial integration in the ASEAN-5 financial markets and China? (ii) If the presence of long memories may put in question the diversification of portfolios? The results suggest that these markets are segmented, except for Malaysia/Singapore, bi-directional, and China/Filipinas, pre-crash. However, when analysing the stock market crash period, the results indicate 16 integrated market pairs with structure breakdown (in 30 possible). When compared with the previous sub-period it was found that during the stock market crash the level of financial integration increased significantly (533%). In the post-crash period, there were right integrated market pairs with broken structure. When compared to the crash period, the level of integration decreased in 50%. In addition, we observed that during the stock market crash these Asian markets did not have long memories, except for the Malaysian market, which reveals some predictability, that is, the increase in integration does not lead to persistence in these Asian markets. In conclusion, the ASEAN-5 markets and China mostly exhibit strong signs of efficiency in their weak form. The authors consider that the implementation of portfolio diversification strategies is beneficial for investors. These conclusions also open space for market regulators to take action to ensure better information between these regional markets and international markets.
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Silva, Rita, Rui Dias, Paula Heliodoro, and Paulo Alexandre. "RISK DIVERSIFICATION IN ASEAN-5 FINANCIAL MARKETS: AN EMPIRICAL ANALYSIS IN THE CONTEXT OF THE GLOBAL PANDEMIC (COVID-19)." In Sixth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2020. http://dx.doi.org/10.31410/limen.s.p.2020.15.

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Abstract:
The World Health Organization (WHO) has designated the new coronavirus infection as a global pandemic, based on the risk of contagion, and the number of confirmed cases in more than 195 countries. COVID-19 has an intense impact on the global economy, resulting from uncertainty and pessimism, with adverse effects on financial markets. Due to these events, this essay aims to estimate if the portfolio’s diversification is feasible in the financial markets of Indonesia, Malaysia, Philippines, Singapore, and Thailand (ASEAN-5), in the context of the global pandemic (Covid-19), regarding the period of July 1, 2019, to July 22, 2020. To achieve such an analysis, is intended to provide answers for two questions, namely: i) the global pandemic (Covid-19) has accentuated financial integration between the ASEAN-5 markets? ii) If so, can the persistence of returns affect the risk diversification of portfolios? The results obtained suggest that those regional markets present accentuated levels of integration. However, the Singapore's stock market index does not show any level of integration, indicating that the implementation of portfolio’s diversification strategies can be considered; however, the same can no longer be evident for the other ASEAN-5 markets. Additionally, we verified that the ASEAN-5 markets indicate persistence in returns, that is, the presence of accentuated long memories, except for the Singapore market (SGX). These findings show that prices do not fully reflect the information available and that changes in prices are not independent and identically distributed. This situation is found for investors, since some returns can be expected, creating opportunities for arbitrage and abnormal earnings. Corroborating the trendless cross-correlation coefficients (𝜆𝐷𝐶𝐶𝐴), proven evidence coefficients, mostly, suggest the existence of risk transmission between markets. In conclusion, the authors seek that the implementation of an efficient diversification strategy for portfolios requires agreement with the controversial application. These conclusions also open space for the regulators of these regional markets to take measures to ensure better information between these markets and international markets.
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