Thailand has been cited by the World Bank as the economy of the country with low-middle. The upper-middle income countries income.
the middle-income trap refers to the phenomenon of ever raise revenue from a poor country to a middle-income countries, but since then economic growth can not be slowed down as a nation. Income was like being stuck in the trap can not be a developed country has.
The Thailand duped income due to manufacturing that relies on cheap labor, the lack of innovation and rely on imports. access foreign technology was a major development inefficiencies and the other 15. Thailand next year to escape the middle income trap if the growth rate of labor productivity increased.
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