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Executive Summary:

The underlined study throws light ion the overall aspects of carrying of the international business of the country of Thailand with other countries. The study focuses on the different positive and negative factors present in the country and also helps to improve the overall conditions of the country. It helps to improve the overall trade relationship with all the other countries in global terms in the future scenario. The overall aim of the study is to throw the light on the prevalent conditions present in the country and the ways in which the conditions can be improved in carrying on the business across the borders in a global scenario.

It focuses on the overall political, socio-cultural, economic and the economic factors of the country that helps to determine the exact conditions of business prevalent in the country. It also gives focus on the FDI policies and the different existing trade policies and barriers that also affects the overall conditions of the business in the country of Thailand. It provides possible recommendations for reducing the different problems and try to form a stable economic growth for the overall economic growth of the country.

It also helps to underline the existing prevalent trade factors and try to frame positive strategies for the overall improvement of the business trade carried on by the country in global terms. The study throws light on the possible improvements and the reasons behind the possible factors leading o the disruption in the carrying of the business across borders by the country with another foreign country. It helps to examine the possible causes that help the concerned country to chalk out the right strategies and trade policies to continue a stable relationship with the other foreign countries across the borders in the future scenario and add stability to the overall economy of the country.

Table of Content

• Introduction
• Literature Review
  • National resource and factor endowments that create competitive advantage
  • The countries existing trade policies, systems, barriers, and incentives
  • Existing levels of Foreign Direct Investment
• Recommendation
  • Imposition of a new tax system
  • Removal of the existing trade barriers
  • Strengthening the availability of more and more natural resources
  • Improve the political stability of the country
• Conclusion
• Reference list

Introduction:

In this study, the various aspects of the overall business across the international borders across the country of Thailand are discussed in details. The underlined study provides the overall factors that affect the overall flow of the business carried across the international borders of Thailand. The different internal factors of the country play an important role in the overall influence of carrying on the business at the international borders (Ahammad et al .2016). The internal factors play an important role in the future of the country and also help the country to carry on the business with the other countries across the international borders in a peaceful way.

The political, economic, socio-cultural and the other technological factors play a major role in the overall carrying of the business of the country. The political stability, economic growth, varied socio-culture opportunities, and the innovation of the latest technologies play an important part in the overall future of the business carried on in the country. These factors determine the overall composition of the country and help to strengthen the position of the country in global terms in the future scenario (Bochaton, 2015). The presence of the huge deposits of the overwhelming natural resources and the other factor endowments strategies also add a completive advantage to the growth of the nation and to carry on the business in international terms with more motivation.

The financial aspects of the country also play a huge part in the overall growth of the nation and help to enhance the overall financial aspects of carrying on the business at the international level. The overall foreign currency and the exchange rates determine the overall pricing capability of the country to carry on the business globally and the stability of the financial aspects helps to increase the growth of the country. The overall business is also affected by the overall trade policy that is followed in the country. The nature of the trade policy helps to determine the future backbone of the country and also helps to regulate the business carried on in the international borders according to the overall trade policy followed by the government of the country. The change in trade policies affects the overall business of the country and also affects the economic prosperity of the nation.

The underlined study also highlights the different existing levels of the overall foreign direct investment policy followed by the government to carry on the overall business of the country. The foreign direct investment policy helps to determine the casual policy adopted by the government to regulate the movement of the goods and products of the other countries in the nation. The stability of the foreign direct investment policy helps to determine the overall growth in the carrying of the business at the international borders by the concerned nation.

The study helps to shed light on the overall aspects of the different factors that affect the carrying of the business with the other nations in global terms. It helps to identify the overall strengths and weakness related to the overall development of the business of the country of Thailand.

Literature Review:

Political, Economic, Socio-cultural and Technological influences:

According to Buch and Goldberg (2015), the political, economic, socio-cultural, and technological factors are the main backbone that helps in the overall growth of the economy of the nation in global terms. On the contrary Carney et al. (2016), states that the factors also pose a major threat to the overall economic growth of the nation in global terms and also can reduce the overall stability of the nation. The political environment of Thailand is not stable and it helps to reduce the movement of the goods and services and carry on the business in the international borders.

Furthermore, Cravino and Levenchko (2016) state that the economy in Thailand is mostly dependent on the different export of products into different countries. The economic condition of Thailand is dependent on carrying on the business across borders and it helps to increase the business of the country more with the other countries in global terms. According to Kolk, (2016), the socio-cultural factors are the common lifestyles, customs, and beliefs that prevail in a society. The nation has a varied range of socio-cultural factors that helps to add more diversity to the overall carrying of the business globally and creates a completive advantage.

 The availability and the innovation in the overall technological infrastructure in the host country help to add new ways of producing new products and export to the other foreign countries. The country has a huge innovation in the technological advances that help to pave a new way of carrying on the business with the other countries in global terms.

National resource and factor endowments that create competitive advantage:

According to López‐Duarte et al. (2016), the natural resource and the factor endowments play a positive role in the overall growth of the economic prosperity of the nation. The nation has got huge deposits of natural resources that help to increase the overall business in the borders. The country has got huge deposits of coal, gold, lead, and tin which helps the country to export the natural resources and add to the overall economy of the country. On the contrary Sarasvathy et al. (2014), states that the factor endowments are the sum total of all the amount of land, labour available in the country that also helps to add to the economic growth of a country.

The nation has a wide variety and huge amount of skilled labours which helps to carry the different products to the other countries more quickly and helps to strengthen the overall relationship between the two countries. The geographic location of the nation is very huge and it has diverse areas of land to manufacture more and more products to export to other countries and carry on the business across the borders more rapidly with other foreign countries across borders. These factors are the main contributors to the increase in the overall business carried on by the country across the international borders.  The natural factors and the endowment factors are the main two contributors to the increasing business carried on by the nation at the borders and the overall increase in the economy of the country in the future scenario.

Foreign currency and exchange influences:

Furthermore, states Stahl and Tung (2015) that the foreign currency and the foreign currency rate include the overall selling, buying, and exchanging of the currencies in global terms at a determined price. The foreign exchange rate of the nation gives emphasis on the overall short-term volatility and the also the right maintenance of the overall regional competitiveness. The foreign exchange rate plays an important factor in the carrying of the overall business across the borders of the country. It helps to determine the actual price at which the different goods and products that are exported from the nation to other countries in an efficient manner.

 The foreign currency is the actual monetary or bank account that is present in the other country. The foreign currency in the nation is Baht and it helps to determine the pricing of the different products and services that are to be exported to other countries. It helps to determine the actual price of the gods and increase the export of goods across the border with other countries. It helps to add stability to the economy of the nation and the other countries and also encouraged to carry on the business with the nation. The influence of these two factors is very much important to determine the overall stability of the economy of the nation and also it encourages increasing the business of more products at the international border. It helps to add stability to the nation in the future and also creates future prospects for increasing the overall business nature of the nation.

The countries existing trade policies, systems, barriers, and incentives:

The trade policies determine the overall growth of the economy of the country and the way in which the business is carried out with other nations in global terms. The trade policy of a country plays a main role in the overall determination of the business environment of the nation. The trade policies of the country play an important role in the determination of the overall nature of the business carried out by the country in global terms with other countries. There are different market access restrictions that prevail in the overall market of the nation including the banking and the insurance sector which affects the economy of the nation.

 The trade barriers imposed on the nation plays a negative role in the proper carrying of the business at the borders with the other countries. There are different impositions in certain sections of the society like the imposition of the licensing and increasing extra burdensome import requirements also affects the business with other countries on a global scale. The overall tax structure of the nation is also very complex and it also affects the overall stability of the country in the global scenario. It reduces the business with other foreign countries and ads to the overall negativity of the business policy carried on by the nation with other countries.

The trade barriers and the overall trade policy of the country has a negative effect on the overall nature of the business carried on by the country and reduces the opportunities of doing more and more business opportunities with the other countries.

Existing levels of Foreign Direct Investment:

The foreign direct investment is the method of controlling the overall ownership of the business in one country by entirely having a base in the other country. The foreign direct investment policy helps to regulate the amount of inflow of foreign goods and service to the country. It is an indicator for measuring the amount of economic growth of the country in the future.  The FDI policy followed by the nation is an encouraging one and the nation continuously encourages the policy by means of promoting the overall economic development of the nation, right transfer of technology and more and more employment of the people in the country.

The foreign direct investment policy of the nation helps to increase the new method of carrying in business in terms of global scenario with the other countries which also brings lots of additional economy to the country. It helps to increase the overall elation with the other business in global terms and plays a pivotal role in the overall economic growth of the country in the future. It paves a new way of making an everlasting relationship with the other foreign countries in terms of carrying on business in the future scenario with the country.

Recommendation:

There are several recommendations that can help the concerned nation to increase the overall business of the country with the other countries in global terms. The recommendations are as follows:

Imposition of a new tax system:

The recommendation is to improve the overall tax system and to eliminate the existing tax system. The existing tax system imposes restrictions on the manufacturing of goods and services in the certain sectors of the country. It affects the overall growth of the economy and creates economic instability in the country. The imposition of the new tax system helps to reduce the restrictions on the certain sections of the society and it would help to increase the economic stability of the country in the future and also help to increase the business opportunities with the other countries in global terms.

Removal of the existing trade barriers:

The recommendation is to remove the existing trade barriers that are present in the country and which affects the overall business growth of the nation in the future. The imposition and licensing of the different products and goods manufactured in the country have to be taken out and it helps to increase the overall manufacturing of the goods and services in the country. The country can manufacture more good and service and export to the different countries in global terms. The removal of the trade barriers in the country also adds to the overall economic stability of the country in the global scenario.

Strengthening the availability of more and more natural resources:

The recommendation is to improve the natural deposits of the natural resources in the country to help to increase the overall economic condition of the country. The increase in the overall natural deposits in the country gets to export more and moiré products to the foreign countries and add growth to the overall economy of the country in the future. It helps to increase the interests of the other foreign countries to continue business with the concerned country. The country also increases the overall relationship with the other foreign countries in terms of establishing a formal trade relationship in the future.

Improve the political stability of the country:

The country also needs to improve the overall stability of the country in political terms to maintain a good trade relationship with the other foreign countries in the future. It also helps to increase the overall reputation of the country in global terms and also adds stability to the overall pricing of the goods and service in the country. It helps to add more stability o the entire process of the country in carrying of the business with other countries in global terms.

Conclusion

In this study, the various internal and external factors that affect the overall business of Thailand at the international border are discussed in details. It sheds light on the overall foreign direct investment policies, political, financial and also shows that the deposits of the natural resources of the country can also help to increase the overall business of the nation in global terms. The foreign exchange rate and the foreign currency also help to determine the actual level of the business carried on by the nation in the future terms. It helps to assess the overall existing conditions prevailing in the country and also the reliability of the country on the underlined factors to carry on the business at the international borders in a more structured manner in the future terms.

The underlined study helps to provide an in-depth analysis of knowledge of the overall factors and also provide the process in which the factor can be controlled to regulate the business in a more structured and efficient manner in global terms (Woosnam et al .2015). These internal factors provide the actual base for the successful carrying of the business at international level and also help to improve the overall conditions to carry on the business in a better way in the future scenario for the overall growth of the nation. The factors help to increase the overall economic prosperity of the nation and to make the country stronger in terms of carrying on the business in a more structured and in an efficient manner with the other countries across the borders. A detailed introduction is given at the beginning of the study.

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