The new Thai government of Paetongtarn Shinawatra has laid out several big plans as part of the economic agenda for the nation to spur growth besides working towards reducing income disparity. Leading such efforts is a plan to increase daily minimum wage to 400 baht that has created debate in the nation. Supporters of wage increase believe it would be useful for increasing the quality of life of minimum wage earners and consumer demand. However, critics, mainly from the business world, will always point at disadvantages likely to affect SMES and the general economic competitiveness.
Besides the raise in wages the governement has also held plans of undertaking an economic incentive plan. This includes actions to rescue and facilitate small enterprises, boost investment in strategic sectors and develop Thailand into a regional center. Kremlin is also seek to find solution on how to harness technology and innovation for growth especially on the development of the digital economy.
As the government unveil it economic policies, there has been growing concern on environmental issues in the country. The recent flooding in Chiang Mai and other sections of the country have raised awareness that the government should enhance its disaster response and mitigation for climate variation. Analysing information gained from ecological literature professionals urge the government to stop the unsustainable rates of development and take actions to minimize the negative impact on the environment while fostering economic growth.
However, due to such concerns the Thai government has vowed to address environmental problems in its policy formulation. Propagations to improve flood protection structures, put in place tighter pollution controls, and encourage the application of environmental consciousness in business industries are already in the pipeline. The administration is also considering strategies for the adoption of green technology and renewable energy within development strategies.
On the international front, today Thailand is busy with regional diplomacy to its ASEAN partners especially on issues pertaining to Mekong water. The country really wants integrated partnership in managing water issues, natural resources and development of the sustainable tourism in the cross of Mekong River. It is thus an important diplomatically-sponsored effort undertaken by Thailand based on positive views of cooperation at the regional level and shared concerns about how environment is linked in Southeast Asia.
Tourism which has been an important industry in Thailand is experiencing new developments as the nation starts to manage with post COVID-19 life changes. To promote this industry, the government is coming up with new measures ensuring people’s safety and health. Much is being done to encourage responsible tourism, come up with environmental friendly ventures, and market cultural tourism in Thailand. There are also attempts towards the product diversification of tourism in the country, more specifically towards the quality and niche tourism as well as less recognized areas.
With the vision of the country going through digital transformation the Thai mobile ID services have been launched. The purpose of this activity is to make all governmental services, in particular banking and health care systems and administrative procedures, accessible to citizens. The digital ID system is believed to have improved work productivity, simplified procedures, and provide the foundation for future growth of more creative e-government services.
Now Thailand has both economic and environmental issues to deal with and others are closely watching the results. : Future consequences of the government’s current economic activities and its capability to consider the environmental issue will determine the future of Thai economy, as well as influence the development of the entire South East Asia area.
Over the next several months, there will be more focus on what specific policies the Paetongtarn Shinawatra led cabinet plans to push forward and how they will address the exigent Thai public needs. The aspect of the government’s capacity in managing the Nigeria’s social-economic development and environmental concerns shall determine efforts towards attaining sustenance and economic development of the country.
As with any nation the future of Thailand under this new leadership has its risks as well as its rewards. This is the case since the government has indicated its determination to develop the economy further while at the same time people are becoming more aware of environmental impacts. But this must be done in the most planned, well implemented and coordinated way in cooperation with other domestic and international actors.
In conclusion, Thailand today is at the crossroads of social and economic development, where the goals for Thailand’s economic development are closely linked with the problem of environmental conservation. The actions being made in the near future and the future years will define the over course of the country for decades. As Chuan’s government attempts to Discharge its obligations and Grapple with change Thai people’s requirements Thailand’s journey will inevitably attract much attention from surveillance international.
