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Thailand's 'wicked' development trap
For almost five decades now, Thailand has been a victim of the middle-income trap. From the 1970s to the 2000s, the country was ranked by the World Bank as lower-middle-income, advancing to upper-middle status in 2011. Considering the ongoing political uncertainty and weak governance institutions, ...
How Thailand 4.0 rescues Thailand from the middle-income trap
The middle-income trap can be perilous for a developing country’s economic growth. With the Thailand 4.0 initiatives, the nation has been making considerable efforts to negate the obstructive effects of the middle-income trap.Keep reading ...
Prayut touts EEC for prosperity
Prime Minister Prayut Chan-o-cha reaffirmed Wednesday that the key to ensuring Thailand escapes the “middle-income trap” and transforms into a high-income nation means sticking to the 20-year national strategy and Eastern Economic Corridor (EEC) project. Keep reading ...
Penchan Charoensuthipan
