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Benefits And Risks Of Globalization In Thailand

1075 Words5 Pages

Introduction
Globalisation is the process of integration of national economies through international trade of markets in goods and services, international trade in assets, and international spread of ideas, from consumer tastes to intellectual ideas (Frankel, 2006).
During 1990s, Thailand became more exposed to global forces and globalisation had higher intensity than the previous attempts. Thailand experienced two previous waves of globalisation in the late 19th century with the expansion of the rice economy and in the late 1950s with Thailand’s induction under the United States’ Cold War strategy and economic tutelage (Pathmanand, 2001).
This paper aims to explain the global impact of globalisation on Thailand’s economy, environment, culture, politic and society. The next section examines the benefits and risks of globalisation on Thailand. …show more content…

http://www.un.org/en/development/desa/policy/cdp/cdp_background_papers/bp2000_1.pdf
Impact of Globalisation on Thailand
Global Economic Impact
TNC → locate to Thailand, investment into local community, benefits to local (economic growth, technology)
GDP
FTA → example, benefit, effect (Australia + Thailand TAFTA)
Comparative

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