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Thailand 4.0


Thailand 4.0 and Sustainable Development of the Thai economy

What is Thailand 4.0? Thailand 4.0 is an economic model that focus its agenda to unlock the country from several economic challenges resulting from previous economic development models. This model is mainly focused on Prosperity, Security and Sustainability.  The vision is to transform Thai economy into an innovation-driven one.



Sustainable Development of the Thai Economy

Moving Thailand Economy into a sustainable one by turning it into a knowledge-based economy. With focus on research and development, science and technology, creative thinking, and innovation.

Knowledge based economy

A knowledge based economy is a kind of new economy, digital economy, network economy or advanced economy which depend on technological use, knowledge, information and high skilled level.

Research and development: An innovative activity performed by corporations or governments in developing new services or products, or improving existing services or products.

Science and Technology:  the systematic study of the structure and behavior of the physical and natural world through observation and experiment, and technology is the application of scientific knowledge for practical purposes.

Creative Thinking: A way in which people think differently in a situation or problem solving, think outside the box.

Innovation: The process of translating an idea or invention into goods or service that creates a replicable value at an economical cost and must satisfy a specific need.

To create a sustainable developed and to achieve economic growth all process has to be meant and made for the benefit of the people without destroying the environment.

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By

Siyanbola Eniola Emmanuel


Comments

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