Why AI’s diversity crisis matters

Thailand 4.0
A pillar of Thailand 4.0 is the Bio-Circular-Green (BCG) economy concept, which introduced tax incentives for research and introduced special zoning to develop certain areas into industrial precincts. The effort is aimed at driving innovation in ten sectors, including agriculture, medical devices, energy and chemicals.

But according to Saowaruj Rattanakhamfu, vice-president and research director at the Thailand Development Research Institute, a think tank based in Bangkok, implementation of the BCG has been hobbled by inadequate workforce education and training and a lack of clarity about what projects are included in the plan, their targets and outcomes.

The Thai government has promoted the BCG internationally — and it has formed a centrepiece of the country’s relationships with the World Bank and the Association of Southeast Asian Nations (ASEAN). But as yet there is no publicly available list of approved projects or clear targets and benchmarks, according to Rattanakhamfu and various environmental non-government organizations, which have criticized the scheme’s implementation.

Push for innovation
Thailand introduced the BCG approach at last year’s Asia-Pacific Economic Cooperation (APEC) meeting in Bangkok, where it was formally adopted as a policy for further development.

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