Badri Narayanan Gopalakrishnan, Chandni Dawani, Pasakorn Thammachote, Abu Ashraf and Anusha Biswas
This study sheds light on the profound benefits reaped by the Thai economy, particularly its Micro, Small, and Medium-sized Enterprises (MSMEs), due to the World Trade Organization’s (WTO) e-commerce moratorium. The major focus is on the meticulous analysis of how the digital imports has orchestrated a significant enhancement in the performance of various MSME sectors within Thailand.
In essence, the digital imports leveraged by the MSMEs brings about numerous positive outcomes. This includes boosting economic growth, increasing employment opportunities, and expanding the number of businesses. Additionally, it enhances labor productivity. For policymakers, this finding has profound implications as it may eliminate the long-standing dilemma of choosing between productivity, business size, and job creation. In the context of digital imports, it seems that a harmonious balance exists, challenging conventional trade-offs. To sum it up, the rise in digital imports has the potential to not only stimulate the GDP, employment rates, and the number of businesses among small enterprises but also elevate labor productivity and scalability, paving the way for a transformative paradigm shift in the realm of Thailand’s MSMEs.