Tactics to become high-income nation
(Photo: 123RF)
Thailand needs to drive total public and private investment to around 30% of GDP if it wants to become a high-income country, says Santitarn Sathirathai, vice-minister for finance.The government aims to turn Thailand into a high-income country by 2038, eight years earlier than originally planned.
To achieve the goal, the country's economy must expand according to its potential within four years, while the total public and private investment must near 30% of GDP, up from the current 20-22%, he said.
This uptick can help Thailand's competitiveness ranking reach 20th, up from the current level of 26th from the IMD World Competitiveness Center, said Mr Santitarn.
