Thailand will remain mired in the middle-income trap for another 10-20 years and Vietnam's economy will eventually eclipse the country if it fails to upgrade its workforce to keep pace with technological changes, warns Thailand Development Research Institute (TDRI).
Yongyuth Chalamwong, advisor on human resource policy at TDRI, said the World Bank has spent 15 years urging Thailand to reform its labour policies by shifting from labour-intensive industries to technology-intensive sectors.
