Siam Canadian Foods, an industry leader in Asia in frozen seafood products, is a small Bangkok-based company which in the case study is considering expansion in another country, Burma. According to the company’s founder, the company needs to expand in order to sustain the profitability of his company. The decision needs to be made in the context of competition from multinationals, extreme political and economic uncertainty in Burma, and Burma’s international reputation as a pariah state controlled by a ruthless military regime.

The slowdown of the Thai economy and the weakening of the baht will have little effect on Siam’s market. The currency devaluation means that more group tours will visit Thailand and they are among our main customer target groups. However, the case may not in any way affect or make improvements in the company’s entry into Burma.

Some countries are becoming integrated into the global economy more rapidly than others. Most countries that have been able to globalize their economies are experiencing reduced poverty and faster economic growth. As living standards increase, it became possible to make progress on other issues such as social equality, environmental and labor standards and other economic issues. Burma belongs to the former countries described.

It is not only in the establishment of new industries that intervention by government occurs in Burma. At the level of the firm and individual contract, local content laws can have similar, restrictive effect. Encouragement of local content is a common feature in many sectors of many economies. It may be hoped the establishment of the World Trade Organization (WTO) will erode the various means of creating bias in favor of local content and local suppliers but for the time being it remains a fact of business life in Asia.

Globalization of business has been one of the