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Bangkok Post

Business

Industrial policy should value good jobs

Thailand TDRI Thailand Development Research Institute

A targeted industrial policy should prioritise creation of good jobs in Thailand rather than focusing solely on attracting high levels of investment, says Thailand Development Research Institute (TDRI).

Nopparuj Chindasombatcharoen and Puttipan Hiranyatrakul, researchers at TDRI, issued a study titled "A New Industrial Policy for Sustainable Growth" that argues the nation's stagnant industrial policy stems from the cumulative effects of three structural factors: an outdated growth model; support measures that fail to develop human capital; and an insufficiently rigorous process for selecting target industries.

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