While the departing Prayut Chan-o-cha government’s changes to the old-age allowance eligibility criteria created a stir, but there has not been much discussion of the issue of low birth rates, which is another significant factor in Thailand’s elderly population.
Main Points
- The low birth rate in Thailand, driven by couples choosing to have fewer or no children, poses significant challenges for the country’s economic growth and development.
- There are multiple ways in which the low birth rate will impact the nation’s economic development : without a proper policy in place, the Thai economy will see slower growth.
- Proactive policies, such as comprehensive child development initiatives and incentives for couples to have children, are necessary to address the consequences of the declining birth rate.
- Creating a society characterized by equality, democracy, and respect for one…
