The Impacts of Global Value Chain Participation on Thailand’s Agri-food Economy
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During the past several decades, Thailand has participated in global value chains (GVCs) of agricultural and food sectors. Participation in GVCs has impacts on Thai agri-food sectors, in terms of economic and social aspects. The study aims to examine the impact of participation in agri-food’s GVCs on the Thailand’s agri-food sector, using the empirical model regressed by the fixed-effect estimation. The study’s period is between 2005–2015 due to the data availability. The study’s results suggest that the participation in agri-food’s GVCs has positive impacts on the manufacturing production index, the labor index, the labor productivity index, and wage variable. However, the participation in the GVC has both positive and negative impacts on the product quality index. Thus, policies or strategies that support Thailand’s participation in GVCs of agri-food sector and maintain a strong position in the GVC are important and avoid producing policies, characterized as “one size fits all”.
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