The EEC is located in the same area where the Eastern Seaboard development project was implemented during the 1980s. Saowaruj Rattanakhamfu, PhD, is Research Fellow at the Thailand Development Research Institute. To implement the EEC, the government has set out three pillars: infrastructure development, super-generous incentives, and investment facilitation. A recent study of the Thailand Development Research Institute (TDRI) points out that such generous investment promotions would indeed induce investment in some targeted industries in which Thailand has a comparative advantage. As regulatory burdens are hindering the development of Thailand, bureaucracy in the whole country, not only the EEC, should be reformed.

Source: Bangkok Post October 10, 2017 21:45 UTC