Examining the Role of Globalization in Shaping Foreign Direct Investment Flows to Thailand: An Empirical Study

Noris Fatilla Ismail, Roziyana Jafri, Syahida Abd Aziz, Irlisuhayu Mohd Ramli, Suraya Ismail and Mariam Idris
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Noris Fatilla Ismail: Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Kedah Campus, 08400 Merbok, Kedah Darulaman, Malaysia
Roziyana Jafri: Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Kedah Campus, 08400 Merbok, Kedah Darulaman, Malaysia
Syahida Abd Aziz: Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Kedah Campus, 08400 Merbok, Kedah Darulaman, Malaysia
Irlisuhayu Mohd Ramli: Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Kedah Campus, 08400 Merbok, Kedah Darulaman, Malaysia
Suraya Ismail: Faculty of Business and Management, Universiti Sultan Zainal Abidin (UniSZA), Kampung Gong Badak, 21300, Terengganu, Malaysia
Mariam Idris: Faculty of Business and Communication, Universiti Malaysia Perlis (UniMAP), Jalan Alor Setar-Kangar, 01000 Kangar, Perlis, Malaysia

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 15, 281-294

Abstract: Along with the growth and integration of its economy into the global economy, Thailand has made significant progress in the areas of sustainable and equitable development. With the rise of significant new economic markets, Thailand’s advantageous location serves as a gateway to Southeast Asia. Foreign Direct Investment (FDI) is one of the most important sources of external capital for nations in today’s increasingly globalised world. This study uses yearly data from 1980 to 2022 to examine the connection between globalisation and FDI in Thailand. According to the Autoregressive Distributed Lag (ARDL) analysis, trade openness—a gauge of globalization—has significantly influenced FDI inflows into Thailand. The empirical results show that FDI inflows and globalisation are positively correlated. Policymakers may find these findings useful in developing plans to increase FDI prospects in Thailand.

Date: 2025
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