Thailand : Country Development Partnership for Competitiveness
Competitiveness has emerged as a key issue confronting policymakers in Thailand. The Government's reform program will be extended by explicitly incorporating into the competitiveness framework measures that address the remaining constraints on...
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Format: | Pre-2003 Economic or Sector Report |
Language: | English en_US |
Published: |
Washington, DC
2013
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2001/06/1346415/thailand-country-development-partnership-competitiveness http://hdl.handle.net/10986/15528 |
Summary: | Competitiveness has emerged as a key
issue confronting policymakers in Thailand. The
Government's reform program will be extended by
explicitly incorporating into the competitiveness framework
measures that address the remaining constraints on
competitiveness. The three critical areas that could
constrain Thailand's medium term competitiveness
include: 1) The need to strengthen the knowledge
base--addressing the skills gap, and improving quality and
coverage of education; mainstreaming information technology;
and enhancing science and technological capability. 2) The
need to modernize the infrastructure regulatory framework to
improve the efficiency and delivery of public services. A
modern and efficient physical infrastructure will help to
reduce the cost associated with infrastructure bottlenecks
faced by Thai firms. 3) The need to further improve the
business environment and enhance competition--corporate
governance, trade and investment regimes, competition
policy--so that scarce labor and capital can be utilized in
the most productive sectors. In addition, an appropriate
macroeconomic environment, by signaling the right relative
prices (domestic interest rates and exchange rates), will
enable Thai firms to respond to emerging market trends. |
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