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Outlined in the foreign business act of 1999 which

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outlined in the Foreign Business Act of 1999, which limits certain activities to only Thainationals. Specifically, the protection of hotel operations and service-related businesses wouldimpact the Thailand Disneyland. Although, there would be less worry about this if the WaltDisney Company enters Thailand through a joint venture.In analyzing both the arguments for and against entering Thailand, the best decision forthe Walt Disney Company at this point in time is to not invest in the country due to the largeuncertainty of the country’s political environment and the aftermath of the pandemic. The
17COVID-19 pandemic has already made it difficult for the theme park industry to conductoperations without major losses, and the industry is reliant on the guest’s comfortability andwillingness to travel and visit the parks. However, this does not mean that the Walt DisneyCompany should never consider the possibility of investing in Thailand in the future. Both thecompany and the country need some time to recover from the economic impacts of thepandemic. With time, hopefully, some of the uncertainties will dissipate, and the Walt DisneyCompany can create its seventh theme park in the world.
18APPENDIXTable 1Income level (in USD $)% of Thai people in this income range< 10,00091.7%10,000 – 100,0007.5%100,000 – 1,000,0000.7%> 1,000,0000.1%Source: Information summarized from ASEAN PostTable 2Age Demographic (in years)Percentage of Thailand population0-1416.45%15-2413.02%25-5445.69%55-6413.01%65+11.82%Source: The World Factbook: Thailand; cia.govTable 3ScoreRanking (out of 162)Personal Freedom6.25113Human Freedom6.55103Economic Freedom6.8681Source: The Human Freedom Index 2019; The Cato Institute
19Table 4SectorGrowth (%)Share (%)Residential7.029Business10.424Industrial5.443NGO2.90.1Agricultural4.50.3Other (e.g. temporary usage)3.12Free of Charge3.62Source: The Board of Investment of ThailandGraph 1Source: World Bank
20Graph 2Source: Thailand Private Investments 2020, TradingEconomics.comGraph 3Source: The Human Freedom Index 2019, The Cato Institute
21Figure 1:Source: Map of Thailand, cdc.govFigure 2Rule of Law:Property rights are guaranteed by law. There is a lot of corruption inThailand's judicial branch and corrupt high-level officials don't face any repercussionsGovernment Size:Overall tax burden is 17.6% of total domestic income and total
22government spending is 21.7% of its GDP (Heritage).Regulatory Efficiency:"Pro-business reforms in 2018 have made it easier to start abusiness, get electricity, pay taxes, and trade across borders (Heritage)."Open Markets:"Foreign investment is subject to government screening, and investmentin several sectors is limited (Heritage)."Source: 2020 Index of Economic Freedom; The Heritage FoundationFigure 3Source: The Walt Disney Company, 4th Quarter and Full Year Earnings Fiscal 2020
23WORKS CITEDThe ASEAN Post. “Growing Gap between Richest and Poorest Thais.”The ASEAN Post,1 May 2020, theaseanpost.com/article/growing-gap-between-richest-and-poorest-thais.

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Term
Winter
Professor
JeremiahJ.Sullivan
Tags
Test, Walt Disney Parks and Resorts

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