At a recent seminar, Bank of Thailand (BOT) governor Sethaput highlighted the urgent need for Thailand to adopt new growth models. He underscored the importance of focusing on household income and localism rather than solely relying on GDP and foreign investment.
Sethaput expressed concern about stagnating living standards, urging policymakers to prioritize sustainable economic strategies. He believes that enhancing local economies will lead to more equitable growth and improve the quality of life for citizens.
The governor’s call for change reflects a broader acknowledgment of the limitations of traditional growth metrics and underscores the necessity for a more inclusive approach to economic development.
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