Thailand’s economy stuck in the middle
Date
2022-10-23
Authors
Yarrow, Richard
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Publisher
East Asia Forum
Abstract
Southeast Asia’s second largest and once one of its most dynamic economies is struggling under the weight of an ageing population, a deteriorating education system and low yield rice farming. Thailand looks trapped as a middle-income country, unable to get rich, and stuck between a younger, dynamic Vietnam and larger Indonesia. Getting out of its economic rut won’t be easy, but investment in education and higher quality human capital and agricultural and governance reform should be priorities.
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Keywords
Thailand economy, middle income trap, demography, Thailand political reform
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Newspaper/magazine article
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Open Access
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Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported Licence
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