Discussion Globalization and Collaboration
Muriel111111
assignment3.docxModule 3 Assignment
Thailand is a country located in Southeast Asia, and it was mainly an agricultural country up to the 1960s. Afterward, a large number of people who moved to the country caused a significant transformation to make it a country filled with urban centers. Between the 1980s and the 1990s, it experienced a significantly large economic growth rate. Thailand's economy grew the fastest in the world between 1985 and 1995. The national economy shrank by 10% in 1998. Thailand's economy began to recover in 1999. Its main drivers are exports and tourism.
Thailand ranked second largest economy in southeast Asia after Indonesia. Thailand ranks fourth among southeast Asian nations in terms of gross domestic product per capita, behind Singapore, Brunei and Malaysia. Driven by the tourism bureau of Thailand, tourism industry has become the main source of economic income in Thailand. Therefore, Costco can learn about people in other countries when it opens in Thailand, so as to know whether Costco is suitable for opening in other countries
This country is not only a perfect fit for Costco Wholesale to enter because of the above-mentioned factors of economic and political stability, but also because of the size of the land that the venture would bring forth as an opportunity for expansion. Notably, it covers the same area as France or Spain. Also, as Costco Wholesale plans to extend its operations in Asia by entering China, it would be a strategic decision to enter into a country that is in the proximity.
