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Managing integration for better jobs and shared prosperity in the ASEAN Economic Community the case of Thailand's automotive sector

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  • Techakanont, Kriengkrai.

Abstract

This paper examines the socio-economic impact of regional integration through evidence-based analysis and projections for Thailand’s automotive industry. The paper discusses issues related to industrial and structural changes that will affect the labour market in Thailand after the ASEAN Economic Community 2015 takes effect. Thailand’s key macroeconomic variables in recent years indicate that there exists significant pressure on rising wage rates, tightness in the labour market and sluggish labour productivity. The greater ASEAN Community will enhance connectivity within and beyond the region, which will help Member States become more dynamic and competitive. In terms of the ASEAN automobile industry, production and sales have been expanding due to economic development and the investment strategy of Japanese carmakers. A higher degree of trade and investment integration will occur after investment and trade regimes are liberalized. New investment or the relocation of existing production from high-cost to low-cost production locations will take place; existing supply chains and production networks need to be adjusted. Skill development and productivity improvements will be critical ingredients for prosperity in the ASEAN Economic Community. Public and private collaboration at both the country and regional levels will be indispensible.

Suggested Citation

  • Techakanont, Kriengkrai., 2014. "Managing integration for better jobs and shared prosperity in the ASEAN Economic Community the case of Thailand's automotive sector," ILO Working Papers 994865253402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994865253402676
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    References listed on IDEAS

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    1. Kornkarun Cheewatrakoolpong & Chayodom Sabhasri & Nath Bunditwattanawong, 2013. "Impact of the ASEAN Economic Community on ASEAN Production Networks," Trade Working Papers 23393, East Asian Bureau of Economic Research.
    2. Prema-chandra Athukorala, 2008. "Trade and Investment Patterns in Asia : Regionalisation or Globalisation?," EABER Working Papers 21794, East Asian Bureau of Economic Research.
    3. Athukorala, Prema-chandra & Yamashita, Nobuaki, 2006. "Production fragmentation and trade integration: East Asia in a global context," The North American Journal of Economics and Finance, Elsevier, vol. 17(3), pages 233-256, December.
    4. Chia, Siow Yue, 2013. "The ASEAN Economic Community: Progress, Challenges, and Prospects," ADBI Working Papers 440, Asian Development Bank Institute.
    5. Siow Yue Chia, 2013. "The ASEAN Economic Community : Progress, Challenges, and Prospects," Governance Working Papers 23717, East Asian Bureau of Economic Research.
    6. Siow Yue Chia, 2013. "The ASEAN Economic Community : Progress, Challenges, and Prospects," Trade Working Papers 23717, East Asian Bureau of Economic Research.
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    Cited by:

    1. Justin Barnes & Anthony Black & Kriengkrai Techakanont, 2017. "Industrial Policy, Multinational Strategy and Domestic Capability: A Comparative Analysis of the Development of South Africa’s and Thailand’s Automotive Industries," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(1), pages 37-53, January.

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