The Thai Prime Minister has announced a plan to give 10,000 baht (US$275) to every Thai citizen over the age of 16, but providing cash handouts to citizens, may not effectively address the country’s underlying socioeconomic issues.
Key Takeaways
- The Thai government’s digital wallet stimulus scheme, providing cash handouts to citizens, may not effectively address the country’s underlying socioeconomic issues.
- The targeting errors of the existing state welfare card program raise concerns about the effectiveness of large-scale cash transfers in reaching those most in need.
- Instead of focusing on consumption spending as a solution, Thailand should prioritize reinforcing global value chains and creating a favorable investment climate to promote sustainable economic growth.
Digital Cash Handout Scheme
Thai Prime Minister Srettha Thavisin has promised 10,000 baht (US$275) to every Thai…
