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Multi-dimensional Review of Thailand (Volume 2)

In-depth Analysis and Recommendations

image of Multi-dimensional Review of Thailand (Volume 2)

Thailand is a fast emerging country that aspires to become a high-income economy by 2037. Still, Thailand’s growth path has created large disparities that risk obstructing the next stage of development. This report lays out three transitions that Thailand needs to master to build capabilities and sustain faster but also more inclusive economic growth. First, the country should move from a growth path dominated by few and geographically concentrated sources of innovation to one that focuses on unlocking the full potential of all regions. Second, to support a new growth agenda, it should organise multi-level governance and the relationship between the many layers of government more effectively, particularly with regards to financial resources. Last but not least, Thailand should focus on water and environment, moving from a resource-intensive growth path with costly natural disasters to one characterised by sustainable development. In the case of water, this means moving from ad-hoc responses to effective management of water security.

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Overview: The three transitions to move Thailand to the next stage of development

OECD Development Centre

Thailand is a fast emerging country that aspires to become a high-income economy by 2037. Strong growth since the 1970s enabled the country to join the group of upper-middle-income economies in the early 2010s and has seen Thailand perform well in many areas. At the same time, the benefits of prosperity have not been shared evenly nationwide and the economic development has taken a toll on the environment. Moving forward, Thailand needs to achieve faster but also more inclusive economic growth. To get there, Thailand needs to address three main transitions: enabling new growth by unlocking the full potential of all Thailand’s regions; developing more effective methods of organisation and collaboration between actors and levels of government; managing water security and disaster risk. Based on the analysis in the subsequent chapters, the overview sets policy-recommendations to address these three cross-cutting challenges.

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