OPINION

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.