這項MBA研究分析了2010年至2020年中國在泰國的經濟參與。但是，在同一時期，中國成功封鎖並接管了台灣在泰國的經濟參與。通過使用依賴性理論作為分析框架，即使用諸如中泰之間的核心－外圍經濟關係之類的術語，本次調查將研究這些關係在過去十年中的發展情況。例如，我發現在泰國政局動盪期間，來自中國的貿易和FDI（外國直接投資）有所增加。儘管貿易活動迅速增長，但從2010年到2019年，對華貿易逆差增加了約8倍。2014年軍政府之後，中國對製造業的投資超過台灣對製造業的投資。收入不平等加劇，因此加劇了依賴性對邊緣國家帶來的負面影響。換句話說，國民收入中有53％屬於精英階層。本文的案例研究是泰國政府與一家中國跨國公司簽訂的一項高速鐵路項目的建設，因為該項目提供了所需的資金，技術和專門知識。換句話說，這是一個很好的案例來證明依賴關係如何運行。我認為，中華人民共和國現在正在利用貿易，外國直接投資和基礎設施發展項目，主導（核心）泰國（周邊）事務，並在這個東南亞國家建立長期存在。但是，在過去十年中，它也取代了台灣在泰國的存在。

This MBA research analyses China’s economic involvement in Thailand from 2010 till 2020. During the same period however, China successfully blocked and took over Taiwan’s economic engagement in Thailand. By using the Dependency theory as an analytical framework, that is, using terms such as the Core-Periphery economic relationship between China and Thailand – this investigation will examine how these relationships have evolved during the last decade. For example, I found that during Thailand’s period of political disturbance, there has been trade and FDI (Foreign Direct Investment) increase from China. Although trade activities were rapidly growing, trade deficit with China about eight times increased from 2010 to 2019. After the 2014 military junta, Chinese investment surpassed Taiwan investment in the manufacturing industry. Income inequality increased, therefore accentuating the negative effect Dependency brings to a Periphery country. To phrase it differently, 53 percent national income belongs to the elite class. The case study of this thesis is the construction of a high-speed railway project, a contract awarded by the Thai Government to a Chinese multinational corporation, because it offered the required finances, technology and know-how-to. In other words, an excellent case to demonstrate how Dependency operates. I argue that People’s Republic of China is now dominating (Core) Thailand (Periphery) affairs and establishing a long-term presence in this South-East Asian country – by using trade, FDI and infrastructure development projects. Nonetheless, during the last decade, it has also displaced Taiwan’s presence in Thailand.

Letter of Validation………………………………………………………………… i
Acknowledgements………………………………………………………………… ii
Abstract (Chinese)…………………………………………………………………. iii
Abstract (English)…………………………………………………………………. iv
Table of Figures…………………………………………………………………… vii
Table of Tables……………………………………………………………………. viii
Introduction……………………………………………………………………….. 1
1. Literature Review……………………………………………………………. 4
1.1 What is Dependency Theory?................................................................. 4
1.2 The Form of Dependence, Production-
Orientation and Capital Accumulation………………………………… 9
1.3 The Consequences of Dependency…………………………………….. 10
1.4 The Government Role of Development……………………………….. 12
1.5 Thailand’s Economy…………………………………………………… 13
1.6 Thailand and the World Economy……………………………………... 16
2. Thailand meets China – Goodbye Taiwan…………………………………… 19
2.1 Anti-communism Campaign Brought Taiwan Investments……………. 19
2.2 Thailand – China the Relationship Renewed…………………………... 20
2.3 Thailand - China on Extreme Unequal Trade Over a Decade………….. 21
2.4 Thailand – Taiwan Trade on a Gradual Advance……………………… 22
2.5 Coup d'état and The China Involvement………………………………. 24
2.6 Chinese FDI Displaced Taiwan’s Foothold
in Thailand’s Manufacturing Sector…………………………………… 26

3. Income Inequality: The Consequences of Underdevelopment………………. 30
4. Growing dependence on China: Thailand high-speed railway project………. 33
4.1 Project Overview………………………………………………………. 35
4.2 Thailand Ambitious Project and
China’s Strategic Plan in Southeast Asia……………………………… 37
4.3 Signed MoU: The First Step on Monopolistic Control………………... 41
4.4 The Dependency Analysis of HSR Project……………………………. 42
Conclusion………………………………………………………………………... 46
References………………………………………………………………………... 49

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