Buarapha, Peemmaphat; De Saliya, Silva; Luangpituksa … - In: Thailand and the world economy 41 (2023) 3, pp. 1-21
Japan moved its production processes through foreign direct investment to Southeast Asia, including Thailand, in the 1970s. However, due to the lack of human capital, Thailand failed to absorb the technology and came up with their own innovations as the Asian New Industrialized Economies....