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Friday, May 3, 2024

Does crashing birthrate and aging society spell doom for Thailand?

The median age in Thailand currently stands at 40 years and two months, far older than the world average of 30 years and five months. This startling fact suggests that if Thailand fails to take action now, it could rapidly be overwhelmed by problems related to its aging society.

Thailand’s population is on course to shrink by at least 50% by 2100, according to the Social Development and Human Security Ministry.

“I believe Thai governments both past and present have been aware of this fact. But I don’t know if the [incoming] government will introduce clear-cut or radical policies to address this situation,” said Professor Teera Sindecharak, who lectures at Thammasat University’s Sociology and Anthropology Faculty.

Professor Teera Sindecharak

Economic and social impacts

Teera warns that the ongoing demographic trend could mean that infrastructure designed to serve huge…

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