‘Fear of being left behind’: Why Thailand is joining Indonesia in OECD membership push
Thailand is pursuing membership in the OECD to improve its economic credibility and attract foreign investment. Experts suggest this move is driven by a desire to align with global standards and avoid being left behind by regional peers like Indonesia.
Why it matters
Joining the OECD signals a significant shift in national economic policy and a commitment to structural reforms for emerging economies.
Bidding to join the international Organisation for Economic Co-operation and Development shows Southeast Asian economies are trying to use global standards to raise credibility, attract investment and lock in domestic reforms, experts say.
The article provides an objective analysis of economic policy and international relations.
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