Study On The Middle-income Trap In Thailan

Middle-income trap" is a common problem that all developing countries are striving to advance to a higher level of income.Thailand is also facing the challenge of"middle-income trap".Since Thailand entered the upper middle income stage in 2003,many problems have been encountered in the economic,social and political fields,making the economic growth weak and always difficult to get rid of the "middle-income trap".In the current economic and social sectors of Thailand,there are obvious differences between the rich and the poor,the social class antagonism,the lack of talents,the weak ability of innovation,and the turbulence of political situation,which seriously hamper the development of Thailand's economy.Without solving these problems,it is difficult for Thailand to get rid of the "middle-income trap".In order to eliminate these factors that impede economic development as soon as possible,get rid of the trouble of "middle income trap" to Thailand,every government in Thailand has launched its own policy of coping with the "middle income trap" and actively responding to the challenge of the "MIT" problem.However,due to political unrest and frequent changes of the government,the effect of various economic policies was not good.In 2014,the Prayuth Chan-ocha government came to power,Amending the constitution to stabilize the political situation,Setting up national development strategy and planning with the guidance of "sufficiency economy",In the economic aspect,strengthening the construction of infrastructure,establishing and developing the strategic industry,in the social aspect,increasing the investment in the cultivation of innovative talents and high quality workers,supporting the development of agriculture and reducing poverty.The government of Prayuth Chan-ocha hopes to clear the obstacles that impede Thailand's economic development,get rid of the trouble of "middle-income trap".In 2009,China entered the upper middle income level.At present,the per capita GDP has reached 8000 US dollars,but it is still in the critical period of economic and social transformation and development,and is facing the challenge of "middle-income trap".Thailand and Chinese Asia,has a unique geographical proximity,political and economic environment,20 coups since the Asian financial crisis and the birthplace of the implementation of constitutional monarchy therefore,policy practice research in Thailand"middle-income trap"and the government of Thailand to deal with the "middle income trap",the comprehensive understanding of the "middle-income trap" and our answer how to cross the "middle-income trap" has extremely important reference value.Thailand is adjacent to China,and has the unique political and economic environment of the 20 coup since the implementation of the constitutional monarchy and the birthplace Asian financial crisis.Therefore,it is very useful to study the cause of Thailand's "middle-income trap" and the policy practice of the Thailand government deal with the "middle-income trap".