Proceedings of ICLT 2014
The Effect of ASEAN Economic Community in Thai Gems and Jewelry Industry Development
Jirarak Kongkaew; Poti Chao
Excellence Center in Logistics and Supply Chain Management, Chiang Mai University, Thailand; Supply Chain and Engineering Management Research Unit, Faculty of Engineering, Chiang Mai University, Chiang Mai, Thailand
International Conference on Logistics & Transport 2014, Kuala Lumpur, Malaysia, pp. 112-118
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Abstract
Thai Gems and Jewelry Industry has been ranked as one of the top worldwide manufacturing exporter from 2005-2013. Gems and Jewelry industry has allowed stable economic growth with a high employment rate. In terms of the industrial development, the industry highly relies on government and supporting industry, such as Materials, Human resources and Production technology. Along with the upcoming ASEAN Economic Community (AEC), which will become effective on 2015, subtle changes to economic, social and culture are expected. Based on these changes, AEC will impact directly to Thailand Gems and Jewelry Industry development. This research is aimed to examine the current state of the two relationships between Supporting Industry and Government to Gem and Jewelry Industry Development and compare it with the future state of the forthcoming AEC. Comparisons will be analyzed through statistical program (Statistical Package for Social Science: SPSS) in order to understand the descriptive nature of the data and a structural equation model will be proposed and validated through AMOS to verify the fitness of the model. The proposed model can be used as a guideline in making strategic decisions for Thai Gems and Jewelry Industry development toward ASEAN Economic Community (AEC).
Keywords
Gems and Jewelry Industry; ASEAN Economic Community; Supporting Industry; Industrial Development; Factor analysis
Citation
Jirarak Kongkaew; Poti Chao (2014). The Effect of ASEAN Economic Community in Thai Gems and Jewelry Industry Development. Proceedings of the International Conference on Logistics & Transport (ICLT 2014), Kuala Lumpur, Malaysia, pp. 112-118.