The Business Competitiveness of Thailand in the ASEAN Region

Abstract

Thailand is playing a vital role in the ASEAN region as a developing nation. The World Bank alsoreported that in 2011Thailand had the 17^th rank globally in terms of ease of doing business. This present study attempted to investigate the major factors which influence the overall national competitiveness of Thailand. Moreover, due to the considerable improvement of the business environment, Thailand has been an attractivedestination for foreign investors, therefore, mobilized by many multinational companies (MNCs) from all over the world. This study sought to analyze the economic environment of the country and to detect what factors influence most Thailand’s national competitiveness, thus, to explain how Thailand becomes an attractive destination for global FDI inflowsand can contribute to the global prosperity.