Comparison of Thailand Competitiveness and Foreign Direct Investment with High Potential ASEAN Countries

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Worapit Meemak

Abstract

The study aimed to describe and compare competitiveness and foreign direct investment (FDI), including designating discriminant variables among Thailand, Singapore, Vietnam, Indonesia, and Malaysia from 315 samples selected by a stratified and simple random sampling method. Data collected via a reliability-tested questionnaire (Cronbach's Alpha = 0.927) was analyzed by multivariate analysis of variance and discriminant analysis. The findings significantly revealed differences in competitiveness and FDI (indicated by Pillai's Trace, Wilks' Lambda, Hotelling's Trace, Roy's Largest Root = 0.000) among Thailand, Singapore, Malaysia, Indonesia, and Vietnam. Additionally, through discriminant analysis, there are 2 groups that could be classified by variables of competitiveness and FDI into higher capacity countries (Thailand and Singapore), and the lesser (Vietnam, Indonesia, and Malaysia).

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