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Trade policy in Indonesia and Thailand

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  • Hal Hill
  • Jayant Menon

Abstract

This paper provides an analytical survey of trade policy in Indonesia and Thailand, in the context of the key findings of the WTO’s 2020 Trade Policy Reviews. These are historically dynamic economies that are integrated within the outward‐looking ASEAN protocols and the China‐centred East Asian trade and investment networks. Over the past decade, there have been no major changes in the two countries’ trade and commercial policy settings, with Thailand maintaining its more open economic settings and Indonesia continuing its more hesitant embrace of globalisation. The major drivers of domestic policy settings have therefore been global factors, including the continuing rise both of China in the regional and global economies and of the increasingly China‐centred global supply chains. Both WTO reports provide comprehensive examinations of trade patterns and policies, although there is room to strengthen the analytical foundations of future reports.

Suggested Citation

  • Hal Hill & Jayant Menon, 2021. "Trade policy in Indonesia and Thailand," The World Economy, Wiley Blackwell, vol. 44(12), pages 3492-3506, December.
    • Handle: RePEc:bla:worlde:v:44:y:2021:i:12:p:3492-3506
    DOI: 10.1111/twec.13231
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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