Somkiat predicted that, if Thailand cannot adapt, the economy would grow by only 2.1 per cent annually and three million jobs would disappear. The government, aware of the risks of the country being left behind, has initiated the Thailand 4.0 policy to promote the digital economy. The government does not have a policy for exploiting the benefits of artificial intelligence (AI) in industry, an essential element for the digital economy, Somkiat said. Somkiat has proposed the so-called 3 C model: craft economy, creative economy and care economy. This add-on to Thailand 4.0 would drive economic growth to 4.3 per cent, enabling Thailand to become a high-income country in the next 20 years.

Source: The Nation Bangkok May 14, 2018 15:33 UTC