RTG Vision of Thailand 4.0 Value Based Economy

1. Thai Economy 4.0
Transforming towards the Value Based Economy

2. Seeking for the New Economic Model
A Nation of Maker
Design in Innovation
Made in China 2025
Smart Nation
Creative Economy

3. Driven By
Government
1960-1980 1990-2000
Driven By
Chaebols
New
Economic
Model
Dynamic Economy
through
Innovation
Korean Economy
Decade Ahead
Wider
Inequality
Gap

4. • New Industries
• New Startups
18 Centers of Creative Economy & Innovation
Central
Government
Chaebols
Local
Government

5. Creative Economy
18 Centers of Creative Economy & Innovation

6. Middle
Income
Trap
High
Income
Country
Lost
Decades
Thailand’s Scenario
7-8% per year
3-4 % per year

7. Thai
Economy 1.0
WealthoftheNation
Thai
Economy 2.0
Thai
Economy 3.0
Thai
Economy 4.0
Agriculture
Light Industry
Heavy Industry
?
Thailand’s Economic Model

8. Thai Economy 4.0:
Transforming towards the Value-Based Economy
Less for More
• Industries
More for Less
• Technology
• Trade in Goods • Trade in Services
• Commodities • Innovation

9. Transformative Shifts
Traditional
Farming
Smart
Farming
Smart Enterprises/
Startups
Traditional
SMEs
Traditional
Services
High Value
Services
Unskilled
Labors
Knowledge Workers/
High Skilled Labors

10. Inward
Investment
Investment-led Transformation
Outward
Investment
Domestic
Investment
• High-Technology
• High Skilled Labor
• Low-Technology
• Unskilled Labor
Disinvestment

11. Nature
Culture
Bio–
Diversity
Cultural
Diversity
Comparative
Advantage
Competitive
Advantage
• Food Agriculture & Bio-tech
• Health, Wellness & Bio-Med
• Smart Devices, Robotics &
Mechatronics
• Digital, IoT & Embedded
Technology
• Creative, Culture & High Value
Services
Thai Economy 4.0: New Engines of Growth

12. New Industry New Startup
- Agritech
- Foodtech
- Healthtech
- Robotech
- Fintech
- Edtech
- E-Marketplace
- E-Commerce
- Service Enhancing
- Designtech
- Lifestyle Business
- Traveltech
• Food Agriculture &
Bio-tech
• Health, Wellness &
Bio-Med
• Smart Devices, Robotics &
Mechatronics
• Digital, IOT &
Embedded Technology
• Creative, Culture &
High Value Services

13. New Growth Engine
Private
Sector
Financial
Institution
Local
Leading
University/
Research
Institution
Global
Leading
University/
Research
Institution
Govt.
Support
• Food, Agriculture &
Bio-tech
อิสระ, CP,
ธีรพงศ์
GSB
- ม.เกษตร
- ม.สงขลาฯ
- Wageningen
- UC Davis
- Cornell
• Health, Wellness &
Bio-Med
ฐาปน
สหพัฒน์
BBL
- ม. มหิดลฯ
- ม.เชียงใหม่
- ม.ขอนแก่น
• Smart Devices,
Robotics
& Mechatronics
กานต์
ประเสริฐ
KTB
TMB
- พระจอมเกล้า
ธนบุรี
- จุฬาฯ
- สุรนารี
• Digital, IoT &
Embedded
Technology
ศุภชัย
ศุภจี
SCB - พระจอมเกล้า
ลาดกระบัง
- MIT Media Lab
- Stanford
Startup Garage
• Creative, Culture &
High Value Services
วีระศักดิ์
กันตนา
KBANK
- TCDC
- ม.กรุงเทพฯ
- ม.ศิลปากร
- KOCCA
- KIDP
- Stanford D
School

14. • Make Better Use of “Demand-Driven” Policies
• Promote R&D-Business Links
• Pursue Government Procurement
• Offer Tailored Support Fund
• Encourage Private Sector to take an Active Role in National
Innovation System
• Provide Idea Mentoring, IP, Legal & Financial Advisory Services
for SMEs & Startups
Enabling Ecosystem & Public Policies

15. • Build a Global, Regional & Nationwide R&D Networks
• Reorient the Mission and Improve the Quality of Thai Universities
• Strengthen Vocational Training
• Develop an Open Innovation System
Enabling Ecosystem & Public Policies

16. • Develop Infrastructure for Technological Financing
• Develop Multilayered Capital Markets to Support Innovation & Startups
• Introduce Capability-Based Investment Promotion Scheme
• Apply Program-Based Multiyear Budgeting
• Introduce Performance Based Conditional Grants & Subsidies
Enabling Ecosystem & Public Policies

17. Emerging Priorities for Innovations
Low Carbon
Society
Active
Aging
Smart
City
Water Management
& Technology
Medical
Robots
Precision
Farming
Nutra-
ceutics
Functional
FoodsHigh Value
Tourism