Abstract
The study focuses on Thai outward investment. We investigated the key reasons to invest and the process of knowledge transfer. This study provides three cases of Thai multinational enterprises (MNEs) that are successful in their oversea investment. According to our cases, the key reasons for investing oversea include market expansion, resource seeking and capability augmenting. Thai MNEs also actively looked for the strategic position for future market expansion in developing countries. Moreover, Thai MNEs also learned the new technological know-how and cutting-edge technology from developed countries.