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The Study of the Understanding and Attitudes of Thai and Singaporean Consumers Towards the Asean Economic Community (Aec)

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The Study of the Understanding and Attitudes of Thai and Singaporean Consumers Towards the Asean Economic Community (Aec)
This research is about the study of the understanding and attitudes of Thai and Singaporean consumers towards the ASEAN Economic Community (AEC) coming around in 2015. AEC is a regional economic integration of 10 countries consisting of Thailand, Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore and Vietnam which are diverse economically, culturally and politically. There are 4 mains key characteristics of AEC which are following.
1. A single market and production base
2. A highly competitive economic region
3. A region of equitable economic development
4. A region fully integrated into the global economy.

As a result of differences among member countries, the integration would affect each country differently. All countries have to prepare for the changes after AEC is implemented.
For example, under the AEC, human resources will be able to move around the region freely. Thus, it is very important for the countries to know how to manage flow of people in and out and also for the organizations to know how to adapt management practice to cope with the changing nature of workforce.
Studying for the understanding and attitudes of people towards AEC will be beneficial for both public and private sectors. The research will explore the level of understanding, attitudes towards the regional economic integration, to what extent people understand AEC and whether a uniform understanding is present. The research also shows the comparision between Thais and Singaporeans about their understanding and attitude towards AEC.
Both domestic and multinational companies in Thailand and Singapore can review the result of the research to know the understanding and attitudes of their consumers towards AEC. Therefore, the firms will be able to know how to set their strategies or adjust their management stylein order to cope with the changing and grasp the new opportunities of the AEC. Moreover, the governtment of Thailand and Singapore can



References: Peeter W. J. Verlegh (2007). The Complementary Roles of Economic and Socio- Psychological. Home Country Bias in Product Evaluation, 38, 3, 361-373. Retrieved from http://www.jstor.org/stable/4540428 Charles H. Christiansen Defining Lives(1999). Occupation as Identity. An Essay on Competence, Coherence, and the Creation of Meaning, 46, 576-596. Retrieved from http://www.aota.org/Practitioners/Resources/Slagle/1999.aspx?FT=.pdf Thidarat Choksuchart (2010). Asian Economic Community. Importance and Thai Preparations, 27, 14, 99-112 Retrieved from http://www.lib.hcu.ac.th/asean/6AsianEconomicCommunityImportanceandThaiPreparations.pdf Ike-Elechi Ogba(2008). Commitment in the workplace: The impact of income and age on employee commitment in Nigerian banking Sector , Management Research News, 31,11, 867 - 878 Retrieved from http://dx.doi.org/10.1108/01409170810913051 Marylouise Caldwell, Kristen Blackwell and Kirsty Tulloc (2006). Cosmopolitanism as a consumer Orientation, Replicating and extending prior research, 9,2, 126-139. Retrieved from www.emeraldinsight.com/1352-2752.htm

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