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The globalization is the period of economic transformation according to the business competition. A number of multinational companies from industrial countries have to move their productions to a new emerging country which has a lower-labor cost, a strategic location, as well as an access to production material.

Sweden is one of those countries that decide to re-locate their business center in other countries. The capital of Swedish companies has been distributed especially in Asian countries. Thailand is one of destinations that Swedish companies prefer to put the capital because of its labor cost, human quality, and strategic location.

The objective of this thesis is to present the consequence of multinational companies from Sweden in Thailand as the main purpose. The economic relationship and cultural harmonization between these two countries will be discussed.

This study is a qualitative research which requires qualitative methods to analyze data. Qualitative interviewing, case study and second data analysis has been the main approaches for data collection.

The result of the study brings the conclusion that the capital movement from Sweden to Thailand during the globalization brings the positive development to both sides. Sweden gains more business revenue both in Thailand and Asian region, while Thailand gains wealth and sustainable development from the Swedish investment.