What Thailand Needs to Do to Become a High-Income Country
Wongpunya, Nipit | October 2016
Abstract
A country caught in the middle-income trap is one that has experienced initial economic growth and achieved middle income status but that has then lost momentum and eventually failed to attain high income or developed country status. A key reason for this condition is productivity deterioration, a process that demands economic strategies to reverse. Escaping the trap therefore requires embracing of a more complex economy, creating a larger tax base, lessening domestic vulnerability to international economic forces, and having higher general income and good public welfare.
This paper examines how long Thailand has been in the trap, the factors holding back the country from further development and, more importantly, the possible steps that the Thai government can take in order to escape the trap.
Citation
Wongpunya, Nipit. 2016. What Thailand Needs to Do to Become a High-Income Country. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/9155.ISSN
2335-6677
Keywords
Development Planning
Development Research
Technology Development
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development Research
Green revolution
Development strategy
Development models
Economic development
New technology
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Absorptive capacity
Tourism policy
Development strategy
Rural planning
Regional development bank
Project finance
Strategic planning
Infrastructure projects
Government programs
Public finance
Public enterprises
Development
Economics
Development In East Asia
Development Planning
Development Research
Technology Development
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development strategy
Development models
Economic development
New technology
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Absorptive capacity
Economic development projects
Economic forecasting
Economic development projects
Municipal government
Technology transfer
Exchanges of patents and technical information
Technical education
Technology
Communication in rural development
Communication in community development
Economic development projects
Development banks
Economic forecasting
Environmental auditing
Cumulative effects assessment
Human rights and globalization
Transfer Technocracy
Absorptive capacity
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