After watching the video on Thailand’s booming economy, discuss the following:
1. How do firms in Asia (in this case, in Thailand) overcome market failure?
2. What costs and benefits do US-based Ford and British companies experience as a result of FDI in Thailand?
3. What role does Thailand’s location play in its booming economy? Is agglomeration involved?
4. Are there confrontations with inbound FDI?
5. Should foreign-invested and domestic firms sell more to domestic consumers in Thailand?