Thailand will have to speed up its development in order to step out of the “middle income trap” into the “high income” category in less than 12 years given the current capability, said Prime Minister Prayuth Chan-ocha during his weekly “Return Happiness” address to the nation Friday night.
Being trapped in the middle-income country category, he explained that Thailand would not be able to compete with countries which have low labour costs and, at the same time, could not compete with developed countries which have high technology.
The arrival of Asean Economic Community next year and the fact that Thailand is one of the three economic pillars of the grouping pose a real challenge for Thailand in the way that it has to increase its competitiveness to level with its neighbouring countries which are both Thailand’s partners and competitors, said the prime minister.
He called on his countrymen not to be too worried with the issue of individuals, saying that the National Council for Peace and Order will work closely with the government and will keep checking each other to ensure transparency, honesty and fairness.
He stressed the need to strengthen all systems to combat corruption especially the government sector and private sector must cooperate to prepare themselves for reform and to bring about reform among the politicians so they will practice good governance.
Although corruption problem was not listed among the issues to be reformed, the prime minister assured that the NCPO had attached great importance to the problem and made it the top priority for reform.
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