The government has high hopes the Eastern Economic Corridor of Innovation (EECi) will play a key role in helping Thailand develop its own technology to escape the middle-income trap.
The middle-income trap is defined as a situation in which a country lifts its economy from a least-developed or low-income nation to a middle-income one, but remains at that level without much prospect of becoming an advanced, rich country.
According to Kanit Sangsubhan, secretary-general of the Eastern Economic Corridor (EEC) Office, the EECi is instrumental in driving targeted industries that are meant to support Thailand in overcoming the…
