Japanese Trade with Thailand over Forty Years Interdependence in the Turbulent Economic Environment
Year: 2013
Type: article
Abstract: The economic integration in the East Asian region was witnessed in many occasions and their interdependence has been unquestionably strengthened and deepened since 1970s. Since the original ASEAN five nations [1] had shifted their policy stance more favorably toward export promotion from the import substitution [2], although some differences in speed and degree in commitment among those nations were acknowledged, nonetheless the regional trade performances demonstrated the rapid expansion of the volume of exports and imports. In along with this development, the foreign direct investment (FDI) has been attracted, thus many multinational corporations started intensifying their presence in the region. One of the economies to seize the opportunity of this trend was Japan. In fact, the 1970s became the beginning stage of the Japanese internationalization [3]. Large number of corporations, especially in manufacturing industries, large as well as medium, sought more business opportunities outside Japan. Learning wages getting higher and appreciating currency value of yen were the primary motives to encourage or often enforce them to cultivate any possibility abroad. Many Japanese corporations placed ASEAN nations as for their high priority destination toward their international strategic operations.
Author: ODANO, Sumimaru
Institution: Shiga University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7220240486