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From FDI to homegrown growth
Oped, Peerasit Kamnuansilpa, Published on 11/09/2025
» For decades, Thailand has leaned heavily on foreign direct investment (FDI) as the engine of growth. That strategy once delivered jobs and exports, but today it yields diminishing returns. Inflows are volatile, competitiveness is slipping, and dependence on external capital leaves the economy vulnerable to global shocks. Thailand must change course.
Planting the seeds of development
Oped, Peerasit Kamnuansilpa, Published on 03/02/2021
» Economic development in Thailand has not just been a responsibility of the central government, but its exclusive domain. Thus, the management inventiveness and fiscal autonomy of local governments for this function are often shackled by the rules, regulations and orders from the bureaucrats within the central government agencies or by those at the provincial level.