The Study of Economic Development between Thailand and Japan
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Abstract
The aim of this research was to compare the initial conditions and the institutional and socioeconomic policy changes in the 19th century between Japan and Thailand by revisiting Japan’s experiences. According to economic history, the Two isolated and underdeveloped Asian countries, Thailand and Japan, have diverged in terms of development courses and outcomes. In the development economic aspect, entrepreneurs and institutions are extra input apart from capital, labor, and land which make output grow. The causal link between entrepreneurs and economic growth is the key to development success, which Thailand does not have. As a consequence, the change in institutions is recommended to promote development rather than traditional inputs alone.
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ข้อความและข้อคิดเห็นต่างๆ ในบทความเป็นของผู้เขียนบทความนั้นๆ ไม่ใช่ความเห็นของกองบรรณาธิการหรือของวารสาร jsn Journal
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