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    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
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9155
    Metadata
    Show full item record
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    ISEAS_Perspective_2016_56.pdf (450.4Kb)
    Author
    Wongpunya, Nipit
    Theme
    Development
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise