Thailand 4.0, what does it mean and what you need to know?

Thailand 4.0, what does it mean and what you need to know?

The Thai government is working hard to promote “Thailand 4.0” as a new economic model. Thailand 4.0 focuses on a “value-based economy,” as the country needs to deal effectively with disparities and the imbalance between the environment and society. Prayut Chan-o-cha, which is Prime Minister General, explained that Thailand 4.0 has three elements, which mark a significant change in the country’s economy and production. But before Thailand jumps into its 4.0 version, it has had three stages.

First, Thailand 1.0 is about agriculture. During this stage, Thai had made a living out of farmland and livestock. They had grown rice and various other plants to support themselves. They had also raised pigs, ducks and chicken to generate income. Next, Thailand 2.0 is about light industries. In this stage, Thai started using tools in their economic activities. The country started manufacturing clothes, bags, beverages, ornaments, etc. Finally, Thailand 3.0 (the today’s Thailand) is about heavy industries. At present, Thailand has manufactured and exported steel, automobiles, natural gases and more. The country has still relied on foreign technologies in driving its exports.

This model will prove successful only with public. The private sector including banks, educational institutes, research organizations, SMEs, startups and people must all jump into the same bandwagon and head towards the same direction. To drive these efforts

Thus, I believe that it is necessary; the country has quality communications and telecom infrastructure too. Internet penetration rate must be highest possible to ensure the smooth connectivity and integration of all sectors.