Fastest growing middle class in history
The 10 Southeast Asian countries, ASEAN, have great potential for the world. The area is the world's seventh biggest economy and the ASEAN economic integration has a rapidly growing middle class.
The ASEAN countries list has become one of the world's most successful regional organizations. In 2015 launched the ASEAN economic integration, the single market ASEAN Economic Community (AEC), which is the culmination of over 20 years of preparations and negotiations.
Three Reasons that the ASEAN Economic Integration Increased Job Opportunities
1. ASEAN’s effect of Thailand Industry
Thailand has a perfect strategic location at the center of all ASEAN countries. Thailand industry offers investors world-class infrastructure. ASEAN economic integration of trade and business transactions is made through Thailand’s extensive highway system, modern city wide mass transit, international airports, deep-sea ports, and international river ports. As the hub of ASEAN economic integration, Thailand industry advocates for free and fair trade. It is instrumental in the formulation of the ASEAN Economic Community free trade area and a signatory to a number of other free trade agreements in ASEAN countries list. Business opportunities in Thailand industry are abundant across several industries that include automotive, alternative energy, food, electrical & electronics, logistics, printing, rubber industry, etc.
For the ASEAN countries list, the ASEAN economic integration has been an opportunity to open the borders for foreign workers. Thailand industry in the ASEAN Economic Community have specially had their concern about the open borders. The big question for the future employment in Thailand is to ensure that Thailand’s population can compete in the international arena and secure their jobs, and still support the ASEAN economic integration. Thailand will need to look at the economic situation of economically open nations versus the nations that have protectionist policies.
2. ASEAN Economic Integration Challenges and Opportunities.
The ASEAN Economic Community (AEC) highlights the challenges and opportunities that will accompany the ASEAN economic integration, including managing labor migration and improving job quality. The policy in AEC is all about creating better jobs and ensuring that the benefits of the AEC equitably shared among different countries and sectors.
The ASEAN countries list of AEC will create a single market and production base and new opportunities for prosperity for the region's 600 million women and men. This will have implications for job gains and losses, skills development, ASEAN economic integration, wages and productivity, labor migration, social protection systems, and building connectivity.
Through a series of negotiations for liberalization over several years, ASEAN nations are to come to an agreement for the recognition of professional qualifications in multiple occupations all to support ASEAN economic integration future. Thailand industry has a huge part of this as the binding country for trading it recognition of the professional qualifications, means that citizens of ASEAN countries can be employed in each member countries without an employment visa.
3. Economic Stability Insured Growing Middle Class
With more than 600 million people and the world's third largest labor, ASEAN economic integration has become bigger than both North America and Europe. Overall, the ASEAN countries list leads the world's 7th largest economy - bigger than Russia, India and Brazil. And with a rapidly growing middle class, which by 2020 will count 300 million, will ASEAN Economic Community size only increase in the coming years.
With a growing middle class who demand quality products and timely services in areas such infrastructure, environment and health, the possibilities are huge for Thailand industry. To realize the full potential of the ASEAN economic integration and to deliver more and better jobs, decisive action is necessary, including better management of structural change, ensuring that economic gains lead to shared prosperity, while strengthening regional cooperation and tripartite dialogue.