The Monopoly of Chinese Traders: A Case Study of Coconut Traders in Paengpuay and Thanat Sub-District, Damnuen Saduak District, Ratchaburi Province
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Abstract
This research article studied factors influencing Chinese trade and investment cycle in coconut industry in Paengpuay and Thanat Sub-District, and the economic impacts in the area. The study employed qualitative research method using primary and secondary data and in-depth interview. The concepts of globalization and comparative advantage were used to analyze the migration of the new Chinese traders into the studied area, their advantages, and the impacts on local traders and farmers. The research found that the push factors motivating the new Chinese traders into Thailand were the Chinese government’s economic promotion policy, market expansion resulted from international economic cooperation framework agreements, and the Chinese increasing needs for international trade while the pull factors inducing them into the country were Thai government’s economic promotion policies and market needs of the local. This brought about domestic Thai coconut trade being integrated into the world market particularly by the Chinese traders who owned their purchasing depots in Thailand and control coconut prices from downstream, midstream and upstream markets affecting all local business. To resolve the problems, the study suggested that related government agencies should decisively enhance fruits and processed fruits export promotion and market promotion strategies, including active collaboration with orchard farmers and their cooperatives in order to reduce Chinese monopolies.
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