THE EASTERN ECONOMIC CORRIDOR, THAILAND

Abstract

Economic growth in Thailand is slowing due to global economic fluctuations, So the Thai government launched the "Eastern Economic Corridor" development plan.As a major strategic measure to achieve the overall development strategy. To allow the country to escape the middle-income trap and become a higher-income country, The government has built a regional platform for Thai industrial upgrading in the Eastern Economic Corridor, To promote the adjustment of Thailand's entire industrial structure, promote Thailand's social and economic development and improve the country's industrialization level. The regional

advantages, preferential policies and investment environment of the Thai Eastern Economic Corridor provide good cooperation opportunities for Chinese companies that are responding to the “Belt and Road” initiative, which will become a bridge of friendship for good economic cooperation between China and Thailand.

This article explains issues related to the Eastern Economic Corridor, the origin and goals of the Eastern Economic Corridor, ways to benefit from the Eastern Economic Corridor project, and potential opportunities for domestic and foreign investment. In addition to introducing the essence and current status of the Eastern Economic Corridor, this article also It helped predict economic growth and the possibility of attracting more investors to Thailand.