Over the past four years, 'Brexit' has become familiar to everyone. Brexit is a portmanteau of the words "British" and "exit" coined to refer to the U.K.'s decision in a June 23, 2016 referendum to leave the European Union (EU) with 51.9% of the ballot. Moreover, the United Kingdom (U.K.) government used Article 50 of the Lisbon Treaty as the first process of leaving the EU. Not only it's the first time a country withdraws from the international trade c...
The global economy in 2021 is expected to recession. The International Monetary Fund (IMF) expects world’s GDP growth to contract at 4.4% and recover at 5.2% in 2022, mainly affected by the slowdown economy, US-China trade war, and the second phase of the Covid-19 outbreak. However, there is a positive factor from the news of the Covid-19 vaccine, expected to receive broad approval in the first quarter of 2021 and will solve the Covid-19 pandemic. Mor...
The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement between ASEAN and five Asia-Pacific nations of Australia, China, Japan, Korea, and New Zealand. Together, these RCEP participating countries account for about 30% of the global gross domestic product (GDP) and 30% of the world’s population (2,252 million people). The RCEP Agreement has 4 significant features as followed; 1) Modern: to improve the scope of the former free ...
Recently, the rubber situation tends to slow down in line with global economic growth. The Covid-19 pandemic severely affects the global economy and rubber demand by affecting supply chains and market disruption. Besides, crude oil prices were in a downtrend following the decreasing demand, especially the demand from China. Furthermore, the strengthening baht resulted in high Thailand’s rubber prices comparing with competitive countries. However, many...
In the modern economy, information is an asset of great importance and has various benefits. Big Data and Data Analytics are considered as the significant power to drive the government sector and private sector as well as to develop the economy and society with sustainability. Digital Technology has played a huge role in the development of country, such as Thailand 4.0 and Digital Economy or Digital Thailand. In terms of Big Data, it is large and compli...