OPINION

Thailand's 'wicked' development trap

News, Published on 19/09/2019

» For almost five decades now, Thailand has been a victim of the middle-income trap. From the 1970s to the 2000s, the country was ranked by the World Bank as lower-middle-income, advancing to upper-middle status in 2011. Considering the ongoing political uncertainty and weak governance institutions, the prognosis is that Thailand will likely remain at this ranking for many years. This has become a "wicked problem" for the country's economic and social development.