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Thailand 'stuck in middle-income trap'
Business, Pathom Sangwongwanich, Published on 15/01/2014
» Despite undergoing dramatic economic transformation, Thailand is caught in a middle-income trap due to persistent income inequality, low education quality and an oligarchic political structure, say academics.
Divide between rich, poor is hurting growth
News, Published on 26/11/2013
» ]It is now widely agreed that Thailand's low wages and export-oriented economic development model have been very successful in substantially decreasing poverty and enhancing standards of living for the past four decades. But that cannot push Thailand to progress further as the country now faces growing competition from low-cost producers like China, India, Vietnam and Cambodia.