POSITION AND PARTICIPATION OF THAILAND'S MANUFACTURING AND SERVICE SECTORS IN GLOBAL VALUE CHAINS
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Abstract
This Article aimed to study to examine Thailand’s position and participation across industries, both manufacturing and services, on the global value chains (GVCs). It used a quantitative research method and an empirical tool for economic analysis was the OECD Inter-Country Input-Output (ICIO) Table for the year 2021. It measured participation in GVCs, the length of GVCs, and the distance to final demand in Thailand and other 17 selected countries in total 17 industries.
The results indicated that:
Thailand had the GVC participation index of 0.39 which was below the world average and was ranked on the 14th position in the 18 selected countries. A measure of the length of GVCs indicated that many industrial sectors in Thailand used various intermediate inputs, both goods and services, and purchased from various sourcing countries along the value chains. Also, Thailand had a high degree of backward linkage to many upstream sectors, both domestic and international. A measure of the distance to final demand indicated that Thailand’ locations in the GVCs was biased towards the downstream stage, particularly the industries with advanced technology use. Therefore, Thailand should increase its labor productivity and technological innovation capabilities by focusing on the production activities which generate high value added to the country.
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References
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