Thailand’s Potentials as World’s Gems and Jewelry Manufacturing Center and Trading Hub
Article Sidebar
Main Article Content
Abstract
The research objective was to evaluate Thailand’s potential as the World’s gems and jewelry manufacturing and trading hub. The findings result from analysis of both primary and secondary data. The primary research was conducted through in-depth interviews and comprehensive focus group of specific 60 stakeholders comprising policy makers, policy implementers, beneficiaries and other stakeholders. The secondary research was conducted on the examination of the relevant manifesto in published papers, mainly focusing on the context of prevailing milieu based on SWOT theory. In additions, the research also includes the inspection of the ability in competitiveness of Thai’s gems and jewelry industry based on the Diamond Model theory.
The research leads to the summary that Thailand is proficient in the world’s gems and jewelry manufacturing and trading hub because of various supportive important factors. (1) direction of In the government’s policy in approval and the progressive support to set Thailand as the world’s gems and jewelry manufacturing and trading hub. (2) In the manufacturing capabilities, the gems and jewelry industry has great potentials as it encompassed the world’s renowned production facilities and trading. The industry is able to earn the third largest export income of the country. (3) In the marketing, the industry has supportive market base both in domestic and overseas and continues to grow. (4) In the legal requirements, the government needs to improve laws and regulations in order to make them in line with the current situation and to prepare for the prevailing digitalized and online business and industry.
Article Details
Academic articles, research articles, and book reviews in the Ph.D. in Social Sciences Journal are author’s opinions, and not the publisher’s, and is not the responsibility of the Ph.D. in Social Sciences Journal Philosophy Association, Ramkhamhaeng University. (In the case that research is done on human, the researcher has to be trained in Ethics for Doing Research on Human Training and has to produce the evidence of the training).
References
Humphrey, A. (2005). SWOT analysis for management consulting. Menlo Park, CA: SRI Alumni Newsletter.
Office of the Permanent Secretary Ministry of Commerce. (2017). Thailand trading report. Retrieved from November 30, 2018, from https://www2.ops3.moc.go.th [In Thai]
Office of Small and Medium Enterprise Promotion. (2012). Strategy and action plan of Small and Medium Enterprises Promotion. Retrieved from November 30, 2018, from https://www.sme.go.th/SiteCollectionDocuments/White%20Paper/2556/report06.pdf [In Thai]
Petchkaeaw, N. (2017). Behavior and marketing mix of consumers affecting the decision to buy silver jewelry in Thailand. Journal of Logistics and Supply Chain College, 3(2), 35-45. [In Thai]
Porter, M. E. (1990). The competitive advantage of nation. New York: Free Press.
Siriprakob, P. (2015). 3 Paradigm in public administration: Concepts, theories and actions. Bangkok: Chulalongkorn University Press. [In Thai]
Sorat, T. (2015). Thai industry standpoint under the change of the world context federation of Thai employers and entrepreneurs. Retrieved from November 30, 2018, from www.tanitsorat.com/file [In Thai]