The Impact of Logistics Costs on the Economic Development: The Case of Thailand
AbstractThai economy has been suffering from the low efficiency of its logistics systems, which is revealed by its remarkably high logistics costs in relation to its gross domestic product. Having impacts on both the industrial structure and spatial distribution of the economy, high relative logistics costs in Thailand greatly constrains the sustainable development of Thai economy. While the Thai government are taking proactive measures to reduce its logistics costs in relation to its gross domestic product, special attention should be paid to the relation between the logistics costs and economic development to develop appropriate logistics policies to accommodate the need of economic development.
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