BANGKOK (NNT) – According to the World Competitiveness Ranking 2022, Thailand fell from 28 last year to 33 out of a total of 63 economies this year, as the Kingdom battles the impact of the Covid-19 pandemic.
The World Competitiveness Ranking 2022 was compiled by the World Competitiveness Center under the International Institute for Management Development (IMD).
Thailand’s score well below average
Theeranan Srihong, president of the Thailand Management Association’s (TMA) Centre for Competitiveness, explained that Thailand performed less in all indicators. The Kingdom scored 68.67 this year, a significant drop from last year’s 72.52. Thailand’s score is well below this year’s average of 70.03.
Lack of faith in government policies
He stated that the drop demonstrated a lack of faith in government policies to remodel the economic structure, as well as a lack of…
