Trying a new approach

Quick Summary:

Greater efforts to cultivate globally competitive local businesses could be a productive approach to improve the Thai economy.

Bank of Thailand governor Sethaput Suthiwartnarueput recently suggested Thailand adopt the "globally competitive localism" concept rather than relying on quick solutions such as attempting to bolster GDP and attract foreign direct investment.

Once local areas become prosperous, there would be sufficient jobs to support young people, allowing them to return to their hometowns without needing to migrate to the country's central region or a handful of large cities.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Thailand Areas Government Globally Businesses Country Thai Improve Local Support Products

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 06:32:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1946 words

Reading Time: 11 minutes read

Sentences: 87 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22780506

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 2 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 21 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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