Apart from these common interests, each country in the subregion will have its own reason and justification to benefit from this sub regional cooperation. Let us look at each individual country in turn.
Thailand, being the strongest economy in the subregion, is expected to be the pivot upon which this economic cooperation would evolve. Thai economy is market-oriented, so it generally favors free competition as an approach to trade and investment, to increase economic efficiency and social welfare. An official view towards this six country sub regional cooperation is for the reduction and elimination, wherever possible, of barriers to the flow of resources, factor inputs and goods and services between member countries According to this view, artificial barriers may be reduced through policy adjustments and the improvement of rules, regulations, institutions and the flow of information, and natural physical barriers may be overcome through the joint development of infrastructure to improve accessibility. Thailand should see this sub regional cooperation as providing an opportunity to expand trade and investment, and to acquire needed sources of production inputs.
For China, this GMS economic zone should provide an excellent 'southern gateway' that could bring greater economic prosperity to the south and southwestern provinces of China for example. Yunnan, Guangxi and Sichuan) This is important in light of the fact that the opening up of the special economic zones in the coastal areas has resulted in increased economic disparities between the coastal provinces and inner, land locked provinces. As far as the Yunnan Province is concerned, the distance to the sea at Laem Chabang in Thailand or the Gulf of Mataban in Myanmar is shorter than the same distance to the eastern coast of China. Of course, the distance to the Victmamesc port of Haiphong is shortest,
Apart from these common interests, each country in the subregion will have its own reason and justification to benefit from this sub regional cooperation. Let us look at each individual country in turn. Thailand, being the strongest economy in the subregion, is expected to be the pivot upon which this economic cooperation would evolve. Thai economy is market-oriented, so it generally favors free competition as an approach to trade and investment, to increase economic efficiency and social welfare. An official view towards this six country sub regional cooperation is for the reduction and elimination, wherever possible, of barriers to the flow of resources, factor inputs and goods and services between member countries According to this view, artificial barriers may be reduced through policy adjustments and the improvement of rules, regulations, institutions and the flow of information, and natural physical barriers may be overcome through the joint development of infrastructure to improve accessibility. Thailand should see this sub regional cooperation as providing an opportunity to expand trade and investment, and to acquire needed sources of production inputs. For China, this GMS economic zone should provide an excellent 'southern gateway' that could bring greater economic prosperity to the south and southwestern provinces of China for example. Yunnan, Guangxi and Sichuan) This is important in light of the fact that the opening up of the special economic zones in the coastal areas has resulted in increased economic disparities between the coastal provinces and inner, land locked provinces. As far as the Yunnan Province is concerned, the distance to the sea at Laem Chabang in Thailand or the Gulf of Mataban in Myanmar is shorter than the same distance to the eastern coast of China. Of course, the distance to the Victmamesc port of Haiphong is shortest,
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