Once recognised as a high-performing newly industrialising Asian 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 industries the loss of the competitive edge is a cause of growing concern among Thai policymakers with Thailand succumbing to the middle-income trap. This book analyses Thailand’s declining competitiveness in the past 50 years considering both the national and sectoral roles and capabilities of key players including the government universities and research institutes as well as the electronics food and automotive industries. Including comparative analyses with other Asian nations this book is a must-read for both students and practitioners with interests in development economics industrial economics and public policy. |Mismanaging Innovation Systems Thailand and the Middle-income Trap | Economics
