Thailand Future of Innovation

Innovation has long been recognized as a driving engine for economic growth. After the global financial crisis, Thailand has turned the attention to the innovation-driven growth strategy, instead of the export-oriented growth strategy, and recently became an upper middle-income economy. According to the Tenth National Economic and Social Development Plan, covering the period of 2007-2011, the strategy was deployed nation-wide with the focus on economic development and competitiveness. Since adopting this strategy, the concept of innovation has evolved and been broadly adopted as a means of sustainable development.

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