Thailand's next growth phase hinges on skills and structural reform
Source: The Nation Thailand
Published on: 2026-10-13 12:44
"Today, as noted, we face a rapidly ageing population and labour constraints. Therefore, our next economic takeoff cannot rely on cheap labour. We must focus on labour productivity, accelerating digital technologies, and cultivating human capital." With multinational companies diversifying production through a "China Plus One" strategy and Thailand seeing a surge in applications to the Board of Investment, Ekniti called for a second wave of high-technology investment, stronger links between Thai small and medium-sized enterprises (SMEs) and global supply chains, and greater foreign participation in the services sector to encourage competition and technology transfer. The government's "Skill Bridge" programme connects international investors with Thai universities to jointly develop curricula and upgrade local engineers' skills in electronics, semiconductors and artificial intelligence ...
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