What Is Needed For Thailand 4.0 To Really Take Off?
Thailand 4.0 is a new model being proposed by the Thai government as they look towards having a value-based economy. Thailand 1.0 saw emphasis on agriculture, 2.0 saw the focus switch to light industries and 3.0 was all about heavy industries. Thailand became stuck in a middle-income trap in many ways and growth therefore slowed as a result. So, Thailand 4.0 is seen as the solution to this and is set to be the catalyst for a healthier future.
