Journal of Investment and Management

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Key Policy of Thailand Special Economic Zone

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.

DOI 10.11648/j.jim.20200903.13
Published in Journal of Investment and Management (Volume 9, Issue 3, September 2020)
Page(s) 80-91
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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), 2024. 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

References
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Author Information
  • Faculty of Economics and Business, Universitas Indonesia, Depok, Indonesia

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

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    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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    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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    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://download.sciencepg.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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    T1  - Key Policy of Thailand Special Economic Zone
    AU  - Noverio Cesar
    AU  - Sari Wahyuni
    Y1  - 2020/09/17
    PY  - 2020
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    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.
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