Govt eyes high-income economy status 'by 2037'
Thailand aims to become a high-income economy by 2037, with a new five-year science and innovation strategy targeting annual GDP growth of 5%.
The Thai government has set a goal to become a high-income economy by 2037, as announced by Deputy Prime Minister and Higher Education, Science, Research and Innovation Minister Yodchanan Wongsawat. This objective is supported by a new five-year science and innovation strategy, which aims for an annual GDP growth of 5%. The National Higher Education, Science, Research and Innovation Policy Council reviewed three draft plans for 2028-2032, focusing on higher education, workforce development, and science, research, and innovation.
These plans aim to align education and research with industrial needs, develop skilled workers, and create new sources of growth to help Thailand escape the middle-income trap. The Thai government has also approved the Thailand²: Nation of Master initiative, which will develop three high-value sectors: semiconductors, medical and wellness products, and future foods and bio-based products.
Brief written by urgent.news from Bangkok Post Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
