Browsing by Subject "GDP"
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    The global competitiveness of Thailand: an analysis of the ASEAN community
    (Digital Production Press, Assumption University, 2017) John, Varughese K. ; Duangta Duangekanog ; Asawin Wichayachakorn ; Nithiphong Vikitset
    The current rate of technological expansion and the globalization of markets have made countries to be more competitive for their economic growth and prosperity. The Global Competitiveness Index (GCI) is a measure computed by the World Economic Forum every year since 1979 on the basis of 12 pillars of economic and human growth indicators. 138 world countries are included in the GCI 2016-17 and these countries accounts for 98% of the world GDP. Thailand is the third major economy among the ASEAN community and it is classified as ‘Efficiency Driven Economy’ according to its score in GCI 2016-17. This study investigates the factors in which Thailand has greater strength and more weakness when compared with the other ASEAN countries based on the GCI indicators. Accordingly Thailand seems to be comparatively weak in Innovation and Institutional factors but strong in Macroeconomic environment factors, Health and Primary Education measures, and in Market Size. The study concludes that if the economic and human development policies are formulated looking into these strengths and weakness, the country can become an ‘Innovation driven economy’ within a short span of time.
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    The Global Competitiveness of Thailand: An Empirical Analysis of the ASEAN Community
    (AU-eJIR, 2017) John, Varughese Kizhakkacharuvil ; Duangta Duangekanog ; Asawin Wichayachakorn ; Nithiphong Vikitset
    The current rate of technological expansion and the globalization of markets have made countries to be more competitive for their economic growth and prosperity. The Global Competitiveness Index (GCI) is a measure computed by the World Economic Forum every year since 1979 on the basis of 12 pillars of economic and human growth indicators. 138 world countries are included in the GCI 2016-17 and these countries accounts for 98% of the world GDP. Thailand is the third major economy among the ASEAN community and it is classified as ‘Efficiency Driven Economy’ according to its score in GCI 2016-17. This study investigates the factors in which Thailand has greater strength and more weakness when compared with the other ASEAN countries based on the GCI indicators. Accordingly Thailand seems to be comparatively weak in Innovation and Institutional factors but strong in Macroeconomic environment factors, Health and Primary Education measures, and in Market Size. The study concludes that if the economic and human development policies are formulated looking into these strengths and weakness, the country can become an ‘Innovation driven economy’ within a short span of time.
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    A structural analysis of ten economies in ASEAN economic community
    (Assumption University, 2018) Thongdee Kijboonchoo ; Chaveporn Kulchanachutiporn ; Nattaporn Soralam
    This paper focuses on a structural analyses in agriculture, manufacturing, and the service sectors of ten ASEAN economies. Their relative importance is examined by using their output shares in GDP , shares of exports in total exports, labor employment shares in total employment, and labor productivity. The study founds Myanmar, Cambodia, and Laos PDR as highly dependent on agriculture. Manufacturing is very important for all AEC economies, especially for Brunei. The service sector is important for all economies, especially for Singapore and Philippines. Singapore, Brunei, and Malaysia have very low employment in agriculture. Manufacturing and the service sector provide more employment opportunities for all economies. All economies have high employment in agriculture, except Singapore, Brunei, and Malaysia. Productivity is relatively low in agriculture for all economies, but higher in manufacturing, compared to the service sector for all economies. Generally, the export sector is crucial for all economies, especially for Singapore. Manufacturing exports in total exports are higher than agriculture and service exports, for all economies.