Key Policy of Thailand Special Economic Zone

Noverio Cesar; Sari Wahyuni

doi:doi:10.11648/j.jim.20200903.13

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Key Policy of Thailand Special Economic Zone

Noverio Cesar, Sari Wahyuni

Published in Journal of Investment and Management (Volume 9, Issue 3)

Received: 29 September 2019 Accepted: 14 October 2019 Published: 17 September 2020

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Abstract

Indonesian government is now aiming to develop SEZs as investment destination that have special policy to attract foreign direct investment (FDI). This strategy is intended to bring higher economic growth as the country wants to boost the performance of manufacturing sector. However, there are some cases of unsuccessful SEZs as the government of the countries fail to develop competitive SEZs. Thus, it is important for Indonesia to learn from other countries, particularly its competitive neighboring countries, such as Thailand of how this country can develop its SEZs. Thailand is becoming the center of world class manufacturing through the development of SEZs. This qualitative study aims to gives ideas on how Thailand develops its SEZs by looking at several factors, such as political-economy landscape, industrial policy, investment services, growth of SEZs, global value chain participation, and green industrialization. This research finds out that SEZ’s contribution towards FDI growth in Thailand has fluctuated in recent years due to political instability and tighten environmental policy. This study also reveals that Thailand has very clear industrial objectives with coherent investment incentive schemes as the main attractiveness for investors.

Published in	Journal of Investment and Management (Volume 9, Issue 3)
DOI	10.11648/j.jim.20200903.13
Page(s)	80-91
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Foreign Direct Investment, Special Economic Zones, Political-Economy, Industrial Policy, Investment Services, Growth of SEZ, Global Value Chain, Green Industrialization

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APA Style

Noverio Cesar, Sari Wahyuni. (2020). Key Policy of Thailand Special Economic Zone. Journal of Investment and Management, 9(3), 80-91. https://doi.org/10.11648/j.jim.20200903.13

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ACS Style

Noverio Cesar; Sari Wahyuni. Key Policy of Thailand Special Economic Zone. J. Invest. Manag. 2020, 9(3), 80-91. doi: 10.11648/j.jim.20200903.13

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AMA Style

Noverio Cesar, Sari Wahyuni. Key Policy of Thailand Special Economic Zone. J Invest Manag. 2020;9(3):80-91. doi: 10.11648/j.jim.20200903.13

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@article{10.11648/j.jim.20200903.13,
  author = {Noverio Cesar and Sari Wahyuni},
  title = {Key Policy of Thailand Special Economic Zone},
  journal = {Journal of Investment and Management},
  volume = {9},
  number = {3},
  pages = {80-91},
  doi = {10.11648/j.jim.20200903.13},
  url = {https://doi.org/10.11648/j.jim.20200903.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20200903.13},
  abstract = {Indonesian government is now aiming to develop SEZs as investment destination that have special policy to attract foreign direct investment (FDI). This strategy is intended to bring higher economic growth as the country wants to boost the performance of manufacturing sector. However, there are some cases of unsuccessful SEZs as the government of the countries fail to develop competitive SEZs. Thus, it is important for Indonesia to learn from other countries, particularly its competitive neighboring countries, such as Thailand of how this country can develop its SEZs. Thailand is becoming the center of world class manufacturing through the development of SEZs. This qualitative study aims to gives ideas on how Thailand develops its SEZs by looking at several factors, such as political-economy landscape, industrial policy, investment services, growth of SEZs, global value chain participation, and green industrialization. This research finds out that SEZ’s contribution towards FDI growth in Thailand has fluctuated in recent years due to political instability and tighten environmental policy. This study also reveals that Thailand has very clear industrial objectives with coherent investment incentive schemes as the main attractiveness for investors.},
 year = {2020}
}

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TY  - JOUR
T1  - Key Policy of Thailand Special Economic Zone
AU  - Noverio Cesar
AU  - Sari Wahyuni
Y1  - 2020/09/17
PY  - 2020
N1  - https://doi.org/10.11648/j.jim.20200903.13
DO  - 10.11648/j.jim.20200903.13
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 80
EP  - 91
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20200903.13
AB  - Indonesian government is now aiming to develop SEZs as investment destination that have special policy to attract foreign direct investment (FDI). This strategy is intended to bring higher economic growth as the country wants to boost the performance of manufacturing sector. However, there are some cases of unsuccessful SEZs as the government of the countries fail to develop competitive SEZs. Thus, it is important for Indonesia to learn from other countries, particularly its competitive neighboring countries, such as Thailand of how this country can develop its SEZs. Thailand is becoming the center of world class manufacturing through the development of SEZs. This qualitative study aims to gives ideas on how Thailand develops its SEZs by looking at several factors, such as political-economy landscape, industrial policy, investment services, growth of SEZs, global value chain participation, and green industrialization. This research finds out that SEZ’s contribution towards FDI growth in Thailand has fluctuated in recent years due to political instability and tighten environmental policy. This study also reveals that Thailand has very clear industrial objectives with coherent investment incentive schemes as the main attractiveness for investors.
VL  - 9
IS  - 3
ER  -

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Author Information

Noverio Cesar

Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia
Sari Wahyuni

Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia

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APA Style

Noverio Cesar, Sari Wahyuni. (2020). Key Policy of Thailand Special Economic Zone. Journal of Investment and Management, 9(3), 80-91. https://doi.org/10.11648/j.jim.20200903.13

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ACS Style

Noverio Cesar; Sari Wahyuni. Key Policy of Thailand Special Economic Zone. J. Invest. Manag. 2020, 9(3), 80-91. doi: 10.11648/j.jim.20200903.13

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AMA Style

Noverio Cesar, Sari Wahyuni. Key Policy of Thailand Special Economic Zone. J Invest Manag. 2020;9(3):80-91. doi: 10.11648/j.jim.20200903.13

Copy | Download

@article{10.11648/j.jim.20200903.13,
  author = {Noverio Cesar and Sari Wahyuni},
  title = {Key Policy of Thailand Special Economic Zone},
  journal = {Journal of Investment and Management},
  volume = {9},
  number = {3},
  pages = {80-91},
  doi = {10.11648/j.jim.20200903.13},
  url = {https://doi.org/10.11648/j.jim.20200903.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20200903.13},
  abstract = {Indonesian government is now aiming to develop SEZs as investment destination that have special policy to attract foreign direct investment (FDI). This strategy is intended to bring higher economic growth as the country wants to boost the performance of manufacturing sector. However, there are some cases of unsuccessful SEZs as the government of the countries fail to develop competitive SEZs. Thus, it is important for Indonesia to learn from other countries, particularly its competitive neighboring countries, such as Thailand of how this country can develop its SEZs. Thailand is becoming the center of world class manufacturing through the development of SEZs. This qualitative study aims to gives ideas on how Thailand develops its SEZs by looking at several factors, such as political-economy landscape, industrial policy, investment services, growth of SEZs, global value chain participation, and green industrialization. This research finds out that SEZ’s contribution towards FDI growth in Thailand has fluctuated in recent years due to political instability and tighten environmental policy. This study also reveals that Thailand has very clear industrial objectives with coherent investment incentive schemes as the main attractiveness for investors.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Key Policy of Thailand Special Economic Zone
AU  - Noverio Cesar
AU  - Sari Wahyuni
Y1  - 2020/09/17
PY  - 2020
N1  - https://doi.org/10.11648/j.jim.20200903.13
DO  - 10.11648/j.jim.20200903.13
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 80
EP  - 91
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20200903.13
AB  - Indonesian government is now aiming to develop SEZs as investment destination that have special policy to attract foreign direct investment (FDI). This strategy is intended to bring higher economic growth as the country wants to boost the performance of manufacturing sector. However, there are some cases of unsuccessful SEZs as the government of the countries fail to develop competitive SEZs. Thus, it is important for Indonesia to learn from other countries, particularly its competitive neighboring countries, such as Thailand of how this country can develop its SEZs. Thailand is becoming the center of world class manufacturing through the development of SEZs. This qualitative study aims to gives ideas on how Thailand develops its SEZs by looking at several factors, such as political-economy landscape, industrial policy, investment services, growth of SEZs, global value chain participation, and green industrialization. This research finds out that SEZ’s contribution towards FDI growth in Thailand has fluctuated in recent years due to political instability and tighten environmental policy. This study also reveals that Thailand has very clear industrial objectives with coherent investment incentive schemes as the main attractiveness for investors.
VL  - 9
IS  - 3
ER  -

Copy | Download