Once recognised as a high-performing Asian newly industrialising economy with the potential for economic and developmental success similar to South Korea, Taiwan, Hong Kong and Singapore, Thailand's growth rate and competitive edge have declined substantially. With slower adoption and movement towards the knowledge -intensive industry, the loss of the competitive edge is a cause of growing concerns among Thai policy makers, with Thailand succumbing to the middle-income trap. Mismanaging Asia's Economic Miracle analyses Thailand's declining competitiveness in the past 50 years,...
Once recognised as a high-performing Asian newly industrialising economy with the potential for economic and developmental success similar to South...
