IDEAS home Printed from
   My bibliography  Save this paper

Analysis on the Macroeconomy and Industrial Policies toward Industrial Upgrading in Thailand and Policy Recommendations (Japanese)


  • FUKUOKA Noriyoshi
  • OCHIAI Ryo
  • TADA Satoshi


This paper, based on analysis on the macroeconomy and industrial policies in Thailand, discusses the industrial structure to which Thailand should aim toward in transitioning into a high income country as well as the necessary policies for industrial upgrading, which is a critical issue in the Thai economy that is facing the risk of a "middle-income trap." The analysis on industrial structures in Thailand shows that both productivity and employment at the country-level can be improved by shifting more resources from the agriculture sector to the manufacturing and service sector. Through the analysis on the past and current industrial policies, we stress the importance of introducing industry-targeting policies which are based on the market-oriented policies generally pursued by the Thai government hitherto. More concretely, we discuss the importance of incorporating infrastructure and supporting industry development to the cluster policy adopted under the current Thai government in a more consistent manner and propose necessary measures for development of the automobile industry taking into consideration of the current Japan-Thailand economic cooperation.

Suggested Citation

  • FUKUOKA Noriyoshi & OCHIAI Ryo & TADA Satoshi, 2016. "Analysis on the Macroeconomy and Industrial Policies toward Industrial Upgrading in Thailand and Policy Recommendations (Japanese)," Policy Discussion Papers (Japanese) 16013, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:rpdpjp:16013

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:rpdpjp:16013. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (TANIMOTO, Toko). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.