The Impact of the US-China Rivalry War on Thailand’s National Economic Security Policies

Abstract

According to the trade war between the United States and China, it has given an important lesson to Thailand’s economy and society. The United States has been focusing on protecting the industrial sector in its own country, since residence Trump launched campaign “America First” policy. In addition, China has adopted the Made in China 2025 policy for economic development, especially in high-tech industries that have been extremely expanded and have great influence on world markets. So, the question in this research is how will Thailand frame its economic security policy. The method of collecting qualitative data by analyzing documents and collecting data to present economic policy recommendations for Thailand needs to be able to adjust itself and create effective and efficient by formulate new foreign policies for ensuring its national economic security stability. The aim of this article is to examine and propose present policy recommendations to formulate improve economic security policies which are appropriate for Thailand to adapt and be ready to handle the spiraling effects of the Sino-American trade war for the two great powers in terms of economy as well as to point out the frameworks of policy formulation for future development of the country.