The Thai economy is not what it used to be. Once starved and desperate for inward foreign direct investment and ambivalent about outward investment flows, Thailand now confronts different investment dilemmas and challenges that have posed mounting adjustment difficulties for state agencies.
Using Thailand as a key export base,Toyota pickup trucks are ready to be exported through Laem Chabang port. Thai companies need more systematic support from the government to increase their outbound investment. THITI WANNAMONTHA
For example, the Board of Investment (BOI) as the frontline regulatory agency on investment has incorporated outward foreign direct investment (OFDI) into its 2013-17 strategy aimed at bolstering the country's economic competitiveness. Yet the BOI is new to the outward-investing game, its "recipient" and "inward" culture deeply embedded. To promote Thailand's competitiveness effectively, the Thai government should ensure that its OFDI approach is inclusive, integrative, forward-looking and fair.
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