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Services in Thailand and Participation in Global Value Chains
- Journal of Southeast Asian Economies (JSEAE)
- ISEAS–Yusof Ishak Institute
- Volume 36, Number 2, August 2019
- pp. 224-243
- Article
- Additional Information
Abstract:
This paper examines the services sector in Thailand with a focus on regional and global value chains, highlighting the case of the logistics sector. Overall, the results indicate that in Thailand, services exhibit relatively low labour productivity as compared to other sectors. The logistics sector, however, is well integrated into global value chains with links to prominent multinational firms. The findings also suggest that many opportunities lie ahead for Thai firms to move up regional and global value chains.