Comparing Thailand’s strengths to those of other AEC members, I see our advantages from many angles giving Thailand opportunity to become a regional economic, trade, and investment hub.
1) Geographic location Thailand is located in the centre of the region, with most of its borders connected to neighbouring ASEAN countries. Natural disaster risks are also relatively low compared to neighbouring countries. Though Thailand faced a critical flood situation, this disaster could be predicted and defended in advance. 2) Development level Thailand has a higher development level than most countries in the region with its basic universal education, big pool of skilled workers and highly qualified personnel, its thorough high quality public health, and developed infrastructure, especially roads. Moreover, Thai law, institutions and other facilities are reasonably well developed. Thailand’s baht currency is accepted by our neighbours in border trade transactions. 3) Size of the domestic market and land area Thailand’s economy is the second largest in ASEAN, after Indonesia. Thailand’s large population size is approximately equal to each population of Myanmar and Vietnam, though the income level and purchasing power of Thai people is higher than their neighbouring countries. In addition, Thailand has enough land area for development and future investments, unlike Singapore, where space is limited. 4) Economic relations with ASEAN Thailand's trade with ASEAN was about US $7.5 billion in 2010 or 15% of the total intra-ASEAN trade value, ranking third after Singapore and Malaysia. In addition, Thailand has an Asian trade surplus of US $1.36 billion, ranked second after Singapore and was the only country from three with a trade surplus to ASEAN. This implies that Thailand will benefit from the AEC, particularly in terms of expanding exports to ASEAN. 5) Association with the global economy The Thai economy is very highly linked to international trade and foreign investment. Thailand’s degree of openness was 129% of GDP in 2005 and the expansion of Thailand’s economy always depends on foreign investment. Thailand is therefore more well-equipped and experienced in trade and attracting foreign investors than its neighbouring countries. This means that the AEC will give Thailand an opportunity to benefit from trade and investment from countries outside the AEC, more than others. Thailand’s weaknesses fall into many opposite categories.
ดูข้อดีของเราจากหลายมุมให้โอกาสประเทศไทยกลายเป็น ภูมิภาคที่เศรษฐกิจ ค้า และศูนย์กลางการลงทุนเปรียบเทียบจุดแข็งของประเทศไทยกับสมาชิกประชาคมเศรษฐกิจอาเซียน การ 1) Geographic location Thailand is located in the centre of the region, with most of its borders connected to neighbouring ASEAN countries. Natural disaster risks are also relatively low compared to neighbouring countries. Though Thailand faced a critical flood situation, this disaster could be predicted and defended in advance. 2) Development level Thailand has a higher development level than most countries in the region with its basic universal education, big pool of skilled workers and highly qualified personnel, its thorough high quality public health, and developed infrastructure, especially roads. Moreover, Thai law, institutions and other facilities are reasonably well developed. Thailand’s baht currency is accepted by our neighbours in border trade transactions. 3) Size of the domestic market and land area Thailand’s economy is the second largest in ASEAN, after Indonesia. Thailand’s large population size is approximately equal to each population of Myanmar and Vietnam, though the income level and purchasing power of Thai people is higher than their neighbouring countries. In addition, Thailand has enough land area for development and future investments, unlike Singapore, where space is limited. 4) Economic relations with ASEAN Thailand's trade with ASEAN was about US $7.5 billion in 2010 or 15% of the total intra-ASEAN trade value, ranking third after Singapore and Malaysia. In addition, Thailand has an Asian trade surplus of US $1.36 billion, ranked second after Singapore and was the only country from three with a trade surplus to ASEAN. This implies that Thailand will benefit from the AEC, particularly in terms of expanding exports to ASEAN. 5) Association with the global economy The Thai economy is very highly linked to international trade and foreign investment. Thailand’s degree of openness was 129% of GDP in 2005 and the expansion of Thailand’s economy always depends on foreign investment. Thailand is therefore more well-equipped and experienced in trade and attracting foreign investors than its neighbouring countries. This means that the AEC will give Thailand an opportunity to benefit from trade and investment from countries outside the AEC, more than others. Thailand’s weaknesses fall into many opposite categories.
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