AEC 'won't bring foreign takeover'

TDRI reassures Thais over impact on jobs

Published: 27 Nov 2012 at 00.00
Newspaper section: Business

Thais have a false perception that the Asean Economic Community will immediately open up the service sector to foreign dominance and negatively affect jobs, says a think-tank.

Thailand Development Research Institute president Somkiat Tangkitvanich said Asean was behind schedule in agreeing how countries can invest in other members' service sectors.

Asean countries have agreed to allow workers of eight professions to freely move to other member countries, but they still have to register and observe domestic requirements in those countries.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Forum

Your comments

boons
Post : 664
Send message

Discussion 1 : 27 Nov 2012 at 04.131
Post this to my Facebook
The AEC will absolutely cause job loss. But not the kind that this article discusses. The job loss will be for labor and low-paying jobs, which represents 95% of Thai citizens. Architects? Doctors? Please. This article's "concern" for such rarified professions is heartwarming, but those professions are not the ones threatened. It is the jobs of the vast majority of Thai citizens that are threatened by the AEC. Here's a clue for the logically-challenged economists who fail to foresee the immediate future: Thai unemployment is going to spike to levels never before seen as industrial flight becomes a vast migration.
Like dislike 2 people liked / 0 people disliked this comment

AEC 'won't bring foreign takeover' | Bangkok Post: business