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Seeking for the New Economic Model
A Nation of Maker
Design in Innovation
Made in China 2025
Smart Nation
Creative Economy
Driven By Government
1960-1980 1990-2000
Driven By Chaebols
New Economic
Model
Dynamic Economy through
Innovation
Korean Economy
Decade Ahead
Wider Inequality
Gap
• New Industries
• New Startups
18 Centers of Creative Economy & Innovation
Central Government
Chaebols
Local Government
Middle Income
Trap
High Income Country
Lost Decades
Thailand’s Scenario
7-8% per year
3-4 % per year
Thai Economy 1.0
Wea
lth
of t
he N
atio
n
Thai Economy 2.0
Thai Economy 3.0
Thai Economy 4.0
Agriculture
Light Industry
Heavy Industry
?
Thailand’s Economic Model
Thai Economy 4.0: Transforming towards the Value-Based Economy
Less for More
• Industries
More for Less
• Technology
• Trade in Goods • Trade in Services
• Commodities • Innovation
Transformative Shifts
Traditional Farming
Smart Farming
Smart Enterprises/ Startups
Traditional SMEs
Traditional Services
High Value Services
Unskilled Labors
Knowledge Workers/ High Skilled Labors
Inward Investment
Investment-led Transformation
Outward Investment
Domestic Investment
• High-Technology
• High Skilled Labor
• Low-Technology
• Unskilled Labor
Disinvestment
Nature
Culture
Bio– Diversity
Cultural Diversity
Comparative Advantage
Competitive Advantage
• Food Agriculture & Bio-tech
• Health, Wellness & Bio-Med
• Smart Devices, Robotics & Mechatronics
• Digital, IoT & Embedded
Technology
• Creative, Culture & High Value Services
Thai Economy 4.0: New Engines of Growth
New Industry New Startup
- Agritech - Foodtech
- Healthtech
- Robotech
- Fintech - Edtech - E-Marketplace - E-Commerce - Service Enhancing
- Designtech - Lifestyle Business - Traveltech
• Food Agriculture & Bio-tech
• Health, Wellness &
Bio-Med
• Smart Devices, Robotics &
Mechatronics
• Digital, IOT &
Embedded Technology
• Creative, Culture &
High Value Services
New Growth Engine Private Sector
Financial Institution
Local Leading
University/ Research Institution
Global Leading
University/ Research Institution
Govt. Support
• Food, Agriculture & Bio-tech
อสิระ, CP,
ธีรพงศ์ GSB
- ม.เกษตร
- ม.สงขลาฯ
- Wageningen - UC Davis - Cornell
• Health, Wellness & Bio-Med
ฐาปน สหพฒัน์
BBL
- ม. มหิดลฯ
- ม.เชียงใหม่
- ม.ขอนแก่น
• Smart Devices, Robotics & Mechatronics
กานต์ ประเสริฐ
KTB TMB
- พระจอมเกล้า
ธนบุรี
- จุฬาฯ
- สุรนารี
• Digital, IoT & Embedded Technology
ศุภชัย
ศุภจี
SCB
- พระจอมเกล้า
ลาดกระบัง
- MIT Media Lab - Stanford
Startup Garage
• Creative, Culture & High Value Services
วรีะศักดิ์ กนัตนา
KBANK - TCDC
- ม.กรุงเทพฯ
- ม.ศิลปากร
- KOCCA - KIDP - Stanford D
School
• Make Better Use of “Demand-Driven” Policies
• Promote R&D-Business Links
• Pursue Government Procurement
• Offer Tailored Support Fund
• Encourage Private Sector to take an Active Role in National Innovation System
• Provide Idea Mentoring, IP, Legal & Financial Advisory Services for SMEs & Startups
Enabling Ecosystem & Public Policies
• Build a Global, Regional & Nationwide R&D Networks
• Reorient the Mission and Improve the Quality of Thai Universities
• Strengthen Vocational Training
• Develop an Open Innovation System
Enabling Ecosystem & Public Policies
• Develop Infrastructure for Technological Financing
• Develop Multilayered Capital Markets to Support Innovation & Startups
• Introduce Capability-Based Investment Promotion Scheme
• Apply Program-Based Multiyear Budgeting
• Introduce Performance Based Conditional Grants & Subsidies
Enabling Ecosystem & Public Policies