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NEWS UPDATES Asean Affairs                 8  September 2011

Thailand drops 2 places in competitiveness

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In the recently released 2010-2011Global Competitveness Report Thailand slipped two places to 38 on the international scale compiled by the World Economic Report. In the previous year it had ranked 36.

The report said: “Thailand, at 38th position, has fallen 2 places this year and 10 ranks since 2006. The assessment of public institutions continues to deteriorate (70th) after a drop of 30 places over the past four years, likely related to recent problems of social unrest and political instability in the country.

However, Thailand continues to benefit from its relatively large domestic and export markets (23rd), its excellent transport infrastructure (23rd), the efficiency of its labor market (24th), and a relatively well functioning goods market (ranked 41st).

In addition, the country’s business environment is relatively sophisticated with developed clusters (34th) and companies operating across the value chain. Going forward, in addition to urgently improving its institutional framework, the country needs to step up its efforts to improve its health and educational systems and encourage wider adoption of new technologies for productivity enhancements.

Such efforts will then buttress the country’s innovation potential, which will become increasingly important as it moves toward the most advanced stage of economic development.”

In Asean, Singapore remained the only economy in the top tier, tier 3. In stage 2 were: Malaysia (21), Brunei (28) and Thailand (38); in transition to tier 2 is Indonesia: in tier 1 were Cambodia Vietnam and Philippines. Laos and Myanmar are not included in the ratings due to the closed nature of their economies.



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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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