...been affected by the crisis. Thailand was the first country affected by the Asian financial crisis, which is why we chose to do our research on Thailand. The Asian financial crisis started with Thailand due to the financial downfall of their domestic currency. The cause of the sharp devaluation in the Thai baht was due to numerous reasons. Before the Asian financial crisis hit, there was an economic boom in Thailand due to the large amounts of capital inflow from their exports. However, a significant amount of the money that came into Thailand was put into unproductive sectors, which included real estate and foreign reserves. With this being said, a lot of the capital inflow that Thailand had was completely wasted and not put into practical use and good investments. Additionally, in the early 1990’s, Thailand had extremely weak financial regulations. There was implicit guarantee from the Thailand government to bail out the banks. This led the banks in Thailand to make risky investments that were most of the times not profitable. Thailand’s weak financial regulations also encouraged its citizens and entire financial sector to make impulsive and unsafe investments. These risky investments hurt Thailand in the long-run as they did not have enough foreign reserves to defend their baht later on in the financial crisis. Moreover, Thailand lost a lot of its capital inflow when China became one of the biggest exporters in the global market. Thailand heavily depended on their exports...
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...Doing Business in Thailand: 2012 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2010. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. • • • • • • • • • • Chapter 1: Doing Business In Thailand Chapter 2: Political and Economic Environment Chapter 3: Selling U.S. Products and Services Chapter 4: Leading Sectors for U.S. Export and Investment Chapter 5: Trade Regulations, Customs and Standards Chapter 6: Investment Climate Chapter 7: Trade and Project Financing Chapter 8: Business Travel Chapter 9: Contacts, Market Research and Trade Events Chapter 10: Guide to Our Services 1 Return to table of contents Chapter 1: Doing Business In Thailand • • • • Market Overview Market Challenges Market Opportunities Market Entry Strategy Market Overview • Return to top Thailand is the 27th largest export destination for the United States. Two-way trade in 2011 was about $35.75 billion, with $24.8 billion in Thai exports to the U.S. and $10.9 billion in U.S. exports to Thailand. The figures represent an increase of 12.9 percent in the value of trade between the two countries. U.S. exports to Thailand increased by 21.7 percent, while US imports from Thailand increased by about 9.4 percent for the same period in 2010. In Asia, Thailand ranks as the United States’ 10th largest export destination after China, Japan, South Korea, Hong Kong, Taiwan, India, Hong Kong, Singapore and Malaysia. The Thai...
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...company has successfully implemented and maintained the ISO 9000, ISO 14000, SA 8000, and the 5S international quality control systems. In the international integration trend, with the help of a foreign consulting company in Vietnam – Thai Tuan Group Corporation have built for themselves a strategy to become the leading company in the fashion Asia. They have expanded its market to neighboring countries, including Thailand, a potential market in Asia. However, when entering a new foreign market like Thailand, Thai Tuan Group Corporation will encounter many challenges and issues because of the differences in culture and values in the two countries. The following sections discuss these issues. II. MANAGEMENT CHALLENGES: A. Environmental Factors When entering new market such as Thailand, Thai Tuan Group Corporation has to carefully consider environmental factors including political, economical, regulatory and technological. The Thailand government is a constitutional monarchy (the government and the royal family maintain harmonious relationship). One-fifth of Thailand is...
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... agro-chemicals and fibers). - This firm is used to deal with foreign partners: half of the turnover came from export and foreign subsidiaries especially with the northern hemisphere and Latin America. - The organization is not the best: the group gives autonomy to divisions which were separate legal corporate entities. - The new sector will be the following : manufacturing and marketing of polyester staples and threads I. B. Identity of the Thai firm by Mr Yipsoon - Mr Yipsoon knows very well the Chinese culture because he has Chinese origins. That could be a good point if the firm will have partnership with China in the future. - Mr Yipsoon is one of the few textile magnates in Thailand. He has a very big impact in Thailand in the world of the textile and he knows lot about that branch and the type of management in that branch. - He is used to deal with foreign partners and so he knows the culture of each one and so can deal with them more properly. - The group controls 40% of the Thai market. He has a big impact in this region. - He can not speak English. - He is a good manager. II. Problematic: Is that joint-venture favorable to the two firms? Will they be able to achieve a good result together when taking in consideration the following bad points? - The textile division (raw materials) is in difficulties in Europe (competition from the Japan and the third world and substitution of the rayon)...
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...hefgagfgfdgdagBlades should be aware of any regulatory and environmental constraints the Thailand government may impose on it. Because the regulation and policy are out of control and cannot predictable in the future, these factors are the mainly threat to Blades. Blades should be aware of the political risk involved in operating in ThailandBlades should be aware of any regulatory and environmental constraints the Thailand government may impose on it. Because the regulation and policy are out of control and cannot predictable in the future, these factors are the mainly threat to Blades. Blades should be aware of the political risk involved in operating in ThailandBlades should be aware of any regulatory and environmental constraints the Thailand government may impose on it. Because the regulation and policy are out of control and cannot predictable in the future, these factors are the mainly threat to Blades. Blades should be aware of the political risk involved in operating in ThailandBlades should be aware of any regulatory and environmental constraints the Thailand government may impose on it. Because the regulation and policy are out of control and cannot predictable in the future, these factors are the mainly threat to Blades. Blades should be aware of the political risk involved in operating in ThailandBlades should be aware of any regulatory and environmental constraints the Thailand government may impose on it. Because the regulation and policy are out of control and cannot...
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...policy in Thailand and its hiding aim 08 Fall 08 Fall Abstract Thailand has had a great influence on the global rice market for decades due to its huge stock and export. Hence, the Thai government has intervened in the paddy rice market by introducing the mortgage rice price policy. The policy was first implemented in 1980 in order to resolve the low-price problem in the paddy rice market. However, in the 21st century the government attempted to re-issue the policy, even though the paddy rice market price was already high at that time, resulted in a marketing failure to both domestic and international markets. Furthermore, the cost of the policy was excessively high raising concerns that the main reasons for presenting the policy could not be purely economical. Therefore, I argue that there were political reasons behind the aim of amending the policy in 2001. This essay will examine this argument by providing the process of the policy, the effects and problems of the policy, the cost of the policy and the hidden aim of the policy. CONTENT * Introduction * The process of the mortgage rice price policy * The rice distribution system * The effects of the policy * The problems and errors of the policy * The cost of the policy * The hidden aim of the policy * Conclusion * References What was the main reason for presenting the mortgage rice price policy in Thailand? Introduction ...
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...show how Thai people and foreign people thinking about situation between Red’s shirt and Yellow’s shirt in Thailand. It was an experimental research study that looked at situation about Red’s shirt and Yellow’s shirt. The independent variable was three different thinking; Red side, Yellow side and foreign side. The dependent variable of the study was the difference between Red’s shirt and Yellow’s shirt. The mediator variable was the personal thinking. They divide themselves into Yellow Shirts and Red Shirts and trade insults and occasional blows as well as disrupting the usual peaceful harmony of Thailand. They just want to get along peacefully with their work. The 'Yellow Shirts' are the People's Alliance for Democracy. They are fiercely Royalist and against the former Prime Minister of Thailand, Thaksin Shinawatra and his allies. The choice of Yellow is to show their allegiance to the King of Thailand. Yellow is the King's color. The 'Red Shirts' are made up of two supposedly smaller political groups, the United Front for Democracy against Dictatorship or UDD and Democratic Alliance Against Dictatorship or DAAD. The 'Red Shirts' strongest support comes from the North of Thailand from where the former Prime Minister Thaksin Shinawatra originates. They would like to see him return to politics in Thailand. Thaksin Shinawatra manipulates the Red Shirts from outside Thailand. He is unable to return to the country through fear of arrest. However in this study there were uses the...
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...of two terms. The President appoints the Prime Minister as the Head of the government. The sole legislative arm of the government is the National Assembly. Currently the National Assembly of Mali has 116 members, and has additional 13 seats for Malians staying abroad. Africa Mali Mali gained independence from France and became an independent republic in September 22, 1960. After independence, the economic development of Mali took place at a rapid rate. The country got financial aid from the Western nations and Soviet Russia. Mali plays a very significant role in the economy of Western Africa because of its rich mineral resources. The country has huge natural reserves of gold, phosphates, kaolin, salt, limestone, uranium, hydro power, note, bauxite, iron ore, manganese and copper. The southern fertile region of Mali is very suitable for the production of cotton. Mali is in fact one of the major producers of cotton in Western Africa. The major trading partners are China, Pakistan, Thailand, Italy, Germany, India, Bangladesh and France. Mali's exports form a major chunk in the West African economy. Mali Prime Minister The Prime Minister plays a pivotal role in the Mali government and politics. The Prime Minister is appointed by the democratically elected President. President is the Head of the State in Mali. Ousmane Issoufi Maiga has been holding the office of the Prime Minister since 2004. As a Prime Minister he is the most senior minister of a cabinet in the executive branch of...
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...and GDP which reflect the business cycle incurred in Thailand between the period of 1993-2009. Thailand is one of the economies in the 1980s which went through rapid economic growth, averaging growth rates of approximately 10 percent from 1985 to 1996. The graph shows clearly that non-agricukture sector and GDP are having the same growth trend. However, growth is declining when the country suffered heavily in the 1997 currency crisis. The country's economy regained to its positive growth rates after 4 years, in 2001. In 2001, when businessman Thaksin Shinawatra took office, he introduced a set of economic policies, widely known as Thaksinomics, to increase domestic activity and cut down the country's reliance on foreign trade and investment. During his years in office, the country recorded positive GDP growth rates of between 4.6 to 7.14 percent from 2002 to 2005, before he was ousted in a military coup in 2006. Thailand's polarized political situation after 2006 threatened economic growth and major industries such as tourism shrank in the midst of frequent protests in the country. Thailand faced a drought of foreign direct investment when consumer and investor confidence decline due to political conflicts. The Asian financial crisis was a period of financial crisis that gripped much of Asia beginning in July 1997, and raised fears of a worldwide economic meltdown due to financial contagion. The crisis started in Thailand with the financial collapse of the Thai baht caused...
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...rapidly losing appeal to the investors and tourists who have fueled its economic growth. Army leader Gen. Prayuth Chan-ocha made formal his power grab Thursday, taking over the duties of prime minister after failing to broker an end to a seven-month feud pitting the government against protesters who sought to replace it with a royally appointed administration. Why is Thailand in turmoil? WSJ's Jason Bellini has #TheShortAnswer. Washington declared the takeover a coup, which could prompt the U.S. to curtail cooperation and aid. "While we value our long friendship with the Thai people, this act will have negative implications for the U.S.-Thai relationship, especially for our relationship with the Thai military," Secretary of State John Kerry said. The Pentagon said it was reviewing its military relationship with Thailand but no decisions had been made. Thais awoke to a different landscape on Friday. Schools were closed and traffic was unusually light after an overnight curfew was lifted at 5 a.m. The army's Channel 5 network broadcast on all channels, interviewing citizens who said they were relieved by the takeover. Footage showed armed soldiers patrolling train stations and inspecting pickup trucks carrying shipments of limes, oranges and other fruits in the northeast of Thailand, where support for the ousted, populist government remains strongest. The military asked social-media operators to stop sharing messages that could provoke violence or fan opposition...
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...Name: Karis Pitloff Humans Right’s Issue: Human Trafficking in Thailand Foreign Policy Approach Used (isolationism, diplomacy, interventionism, imperialism): interventionism Source 1: "Thailand: Traffickers Access Government-run 'Shelter' | Human Rights Watch." Thailand: Traffickers Access Government-run 'Shelter' | Human Rights Watch. N.p., n.d. Web. 23 July 2013. Source 2: "HumanTrafficking.org | Thailand." HumanTrafficking.org | Thailand. N.p., n.d. Web. 23 July 2013. Source 3:"Help Us End Human Trafficking and Slavery (in Thailand) - CNN IReport." CNN IReport. N.p., n.d. Web. 23 July 2013. Human Right’s Issue Origin: Recently, there have been many reports about human trafficking in Thailand. Many perverted people find that human trafficking is an easy way to make money. When they see lonely, vulnerable girls, they take advantage of them. Some girls may be willing to sell themselves and their bodies because they need to find a way to support themselves. When that is the case, the family and their children are also affected by that woman's decision. The families are scared for their lives. Trafficking is another form of violating human rights. Humans are not garbage, they don't get picked up on tuesdays and thursday to be brought to a center. People aren't supposed to own other people. People need to know that they are supposed to make their own decisions and not have someone else make it for them. Response of United States and United Nations (details and...
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...rapidly due to general economic discontent. The first nine months of 1973, before the 14th October, saw a total of 40 strikes, and a one-month strike at the Thai Steel Company resulted in victory due to a high level of solidarity from other workers. Economic development also resulted in a massive expansion of student numbers and an increased intake of students from working-class backgrounds. The building of the Ramkamhaeng Open University in 1969 was a significant factor here. Student numbers in higher education increased from 15,000 in 1961 to 50,000 by 1972. The new generation of students, in the early 1970s, were influenced by the revolts and revolutions which occurred throughout the world in that period, May 1968 in Paris, being a prime example. Before that, in 1966 the radical journal, Social Science Review, was established by progressive intellectuals. Students started to attend volunteer development camps in the countryside...
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...Human trafficking occurs when people are abducted and held against their will to partake in forced activities. Human trafficking is very similar to modern day slavery. There is high percentage in Thailand for human trafficking. The United States Department of State have reasons to believe that Thailand is targeted as a place to take these victims. It affects ten to thousands of people each year in this country. And only around 23,000 people are returned home. The majority of people that are abducted from Thailand are their immigrants. That is why women are targeted more than men, because they cannot obtain citizenship within their own country. In 2011 the International Organization for Migration reported forced labor in Thailand's fishing industry....
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...[Pick the date] | Table of Contents 1. The Company - Introduction 3 2. The Product 4 3. Core Competencies of Thailand 5 ♦ Country Profiles 5 ♦ Demographic Factors 6 ♦ Political Scenario 9 ♦ Economic & Financial Conditions 12 ♦ Legal & Bureaucratic Environment 15 ♦ Competitive Environment 16 ♦ Effects of Porters’s Diamond four factors 17 ♦ Hofstede’s Dimension Evaluation 19 Power Distance (PDI) 19 Individualism(IDV) 20 Masculinity / Femininity (MAS) 20 Uncertainty avoidance(UAI) 20 Long term orientation(LTO) 21 ♦ Labor Climate 21 4. Infrastructures Issues 23 5. Diamonds of Competitiveness for Thailand and Malaysia 25 6. Technology and CRM Implications 26 7. Marketing Strategies 30 ♦ Size of Market 30 ♦ Socioculture Acceptance of Product 32 ♦ Method for Marketing & Distributions 32 8. Conclusion 33 References 34 1. The Company - Introduction Picture 1 ICT Facilities Integrated Container Terminal (Thailand) Pte (ICT) was incorporated in 1st February 2011 with an authorized and paid up capital of Thai Baht 10 million. The company’s nature of business is container storage, maintenance and repair of containers. ICT (Thai) is a subsidiary of Integrated Container Terminal (M) Sdn Bhd, located in Pelabuhan Tanjung Pelepas, Malaysia. The company was established on the 6th February 2002 and currently is one of the main service providers for container storage in Malaysia’s port. 3 Picture...
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...“WE FIGHT FOR DEMOCRACY AND JUSTICE” After a historic election in 2001, Thaksin was the first democratically elected prime minister of Thailand to complete a full term in office and his rule is generally agreed to have been one of the most distinctive in the country's modern history. At the time, some academics called it the most open, corruption-free election in Thai history. Thai Rak Thai won 248 parliamentary seats. Not only that, he got re-elected and back in position again in 2005, winning 374 out of 500 seats in the Parliament. The election had been recorded as the highest voter turnout in Thai history. That means that the people of Thailand approved him democratically. And it’s the will of the people who decides that Thaksin is suitable for running the country. People are the voice and the absolute power of democracy. For those who observed the soldiers cold-blood murdered people on the streets of Bangkok, it may be tempting to assume the chaos is merely about different colored shirts and supporters of different political parties. But that is not the case. What we have been seeing in Thailand since late 2005 is a growing class war between the poor majority and the old elites. The military troops firing bullets and snipers on pro-democracy demonstrators in Bangkok aiming to protect the interests of the conservative elites who have run Thailand for the past 80 years. If you ask me why I’m red, if you ask me why I support Thaksin. It’s because I support democracy and looking...
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