Have you ever thought that if Thailand enters AEC, what will effect on Thai people and our country? Later this year on 31st December, 2015, Thailand will enter the ASEAN Economic Community, the economic integration of the 10 countries in the Southeast, in order to join economic market. By combining into the group, Thailand may receive benefit from the economic integration as follows.
The first benefit received is economy as we have to share the same production base by using the resources within the region; therefore, the market size is increased as well as the negotiating power because there is the combining unity inevitably increases economic vitality among ASEAN Member States themselves. In this case, Thai people benefit from economy as they can receive lower costs of production and services in the area of trade as there are no tariffs. This will allow manufacturers to gain more benefits from the increasing amount of production, and it provides new area of economy to spread prosperity to the area.
The second is the social development as more international standard on regulatory and internal management, and the Member States need to improve regulations and standards such as standard on products, services, immigrant inspection, and the protections on workers’ rights and consumers as there are more ethnic diversity and cultures.
The last one is the increasing on the development on latency and English skill. Thailand lacks of people who have effective English skill, so this is an opportunity for Thai people to develop their English skill in order to communicate for trade, and the exchange on language and culture are greatly improved as well.
In conclusion, Thailand's younger generation will receive benefit on economy and social development as well as the opportunity to improve their English skill to develop their country in the future.
Have you ever thought that if Thailand enters AEC, what will effect on Thai people and our country? Later this year on 31st December, 2015, Thailand will enter the ASEAN Economic Community, the economic integration of the 10 countries in the Southeast, in order to join economic market. By combining into the group, Thailand may receive benefit from the economic integration as follows.
The first benefit received is economy as we have to share the same production base by using the resources within the region; therefore, the market size is increased as well as the negotiating power because there is the combining unity inevitably increases economic vitality among ASEAN Member States themselves. In this case, Thai people benefit from economy as they can receive lower costs of production and services in the area of trade as there are no tariffs. This will allow manufacturers to gain more benefits from the increasing amount of production, and it provides new area of economy to spread prosperity to the area.
The second is the social development as more international standard on regulatory and internal management, and the Member States need to improve regulations and standards such as standard on products, services, immigrant inspection, and the protections on workers’ rights and consumers as there are more ethnic diversity and cultures.
The last one is the increasing on the development on latency and English skill. Thailand lacks of people who have effective English skill, so this is an opportunity for Thai people to develop their English skill in order to communicate for trade, and the exchange on language and culture are greatly improved as well.
In conclusion, Thailand's younger generation will receive benefit on economy and social development as well as the opportunity to improve their English skill to develop their country in the future.
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