The document discusses Thailand's economic recovery following the 1997 Asian Financial Crisis. It notes that GDP growth has recovered but private investment remains sluggish. Exports have been a key driver of growth, particularly in automobiles and electronics, due to regional integration and trade reforms. However, competition is increasing from lower-cost countries. The document argues for continued reforms to investment climate, trade facilitation, skills development, and innovation to sustain strong and inclusive growth.
21. East Asia’s countries have high shares of FDI from other East Asian countries -- promoting REGIONAL INTEGRATION
22. Percentage point change in extra-regional and intra-regional market shares between 1994-96 average and 2002-04 average Regional Integration Major Driver of Exports in E. Asia
23. Regional Integration – Production fragmentation to lower costs changes production network allocation to benefit diff. countries
24. Multinational Corporations Decide Where to Locate Parts of Production within E. Asia & World Whether THAILAND or some other country benefits – depend on their relative costs & on their integration with domestic economy
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