International Trade Report: Economic Development of Japan and Thailand
VerifiedAdded on 2022/10/04
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AI Summary
This report provides an analysis of international trade, with a specific focus on the economic landscapes of Japan and Thailand. It begins with an economic overview of both nations, highlighting key export items and economic indicators. The report then delves into globalization measures, using the trade-to-GDP ratio as a primary indicator of economic integration. It further examines the degree of openness in Thailand and Japan, illustrating trends with data from 1985 to 2005. A key section explores the relationship between economic development and openness, providing correlation coefficients for both countries. The report concludes by examining the drivers of openness in each nation, detailing the trade policies and historical events that have shaped their international trade strategies, including the impact of financial crises and trade liberalization efforts. The analysis is supported by references to relevant academic literature.
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