In November 1972, the Thai government and leading business members expressed concern over reports of anti-Japanese campaigns in Thailand and they said it would definitely bring changes in Japanese economic penetration in the country. In March 1974, the Japanese Foreign Ministry spokesman said Japan has asked the Thai government to establish a joint committee to address the problems posed by Japanese investments in Thailand. In October 1975, the Prime Minister of Thailand, Kukrit Pramoj criticized Japan for investing in Thailand due to cheap labor in the country. The Thai government sees it as a wrong investment motive.
Table of Contents
1. A Brief History of Thailand-Japan Economic Relations
Objectives and Topics
This document provides a chronological historical overview of the economic interactions, investment activities, and diplomatic trade relations between Thailand and Japan from 1972 to 2007, aiming to track the evolution of their bilateral economic dependencies and cooperation.
- The historical timeline of Japanese foreign direct investment in Thailand.
- Major industrial projects including LNG development, automotive, and technology sectors.
- Policy shifts regarding trade tariffs, investment incentives, and infrastructure cooperation.
- The impact of macroeconomic factors such as currency appreciation (yen) and regional economic crises on bilateral ties.
- Diplomatic efforts to address investment imbalances and improve trade competitiveness.
Excerpt from the Book
A Brief History of Thailand-Japan Economic Relations
In November 1972, the Thai government and leading business members expressed concern over reports of anti-Japanese campaigns in Thailand and they said it would definitely bring changes in Japanese economic penetration in the country. In March 1974, the Japanese Foreign Ministry spokesman said Japan has asked the Thai government to establish a joint committee to address the problems posed by Japanese investments in Thailand. In October 1975, the Prime Minister of Thailand, Kukrit Pramoj criticized Japan for investing in Thailand due to cheap labor in the country. The Thai government sees it as a wrong investment motive.
In June 1976, business leaders of Japan said that Japan is willing to increase investment in Thailand since there is tremendous improvement in the political situation in Thailand. In July 1976, the Ministry of Commerce of Thailand, Damrong Lathapipat said several private banks in Japan have offered the Thai government a loan of 10 billion yen. In September 1977, Japanese Prime Minister, Takeo Fukuda said the Prime Minister of Thailand, Thanin Kraivichien during a visit to Tokyo that Japan is ready to provide further economic assistance to Thailand. In August 1978, a Thailand Japanese joint venture has been granted government promotion privileges to produce diesel engines with a capital of US$ 5 million.
Summary of Chapters
A Brief History of Thailand-Japan Economic Relations: This chapter traces the development of bilateral economic ties, focusing on recurring discussions regarding investment motives, infrastructure support, and the evolving scale of Japanese financial involvement in the Thai industrial sector.
Keywords
Thailand, Japan, Foreign Investment, Economic Relations, Trade Ties, Bilateral Cooperation, Industrial Development, Yen Appreciation, Infrastructure, Trade Policy, Manufacturing, Economic Growth, Technology Transfer, Joint Ventures, Export
Frequently Asked Questions
What is the primary focus of this work?
The work provides a detailed chronological summary of the economic relationship between Thailand and Japan over several decades, highlighting key investments and diplomatic milestones.
What are the central thematic fields covered?
The core themes include foreign direct investment (FDI), bilateral trade agreements, industrial infrastructure development, and the political management of economic dependencies.
What is the primary objective of the text?
The objective is to document the historical progression of Japanese economic involvement in Thailand and the subsequent response of the Thai government to these changing dynamics.
Which methodology is employed in this research?
The research utilizes a chronological qualitative analysis based on secondary source reporting, primarily derived from historical business journalism and contemporary news archives.
What topics are discussed in the main body?
The main body examines sector-specific investments, the impact of currency fluctuations, and shifts in governmental policy regarding trade liberalization and industrial subsidies.
Which keywords best characterize the work?
The work is best characterized by terms such as Thai-Japanese economic relations, foreign direct investment, industrial policy, and bilateral trade cooperation.
How did currency appreciation affect the relationship in the mid-1980s?
The appreciation of the yen significantly triggered new waves of Japanese interest in investing in Thailand, as companies sought to maintain competitiveness in the region.
What role did the 1997 economic crisis play in the timeline?
The crisis prompted a period of intense focus on Japanese aid and technology transfer, as Thailand sought to regain competitiveness and prop up its sagging economic climate.
How has the nature of Japanese investment changed over time?
Investment shifted from simple labor-intensive manufacturing in the 1970s toward high-technology cooperation and large-scale infrastructure projects in the 1990s and 2000s.
- Arbeit zitieren
- Uqbah Iqbal (Autor:in), 2015, A Brief History of the Economic Relations between Thailand and Japan, München, GRIN Verlag, https://www.grin.com/document/310710
