Secondary Cities: A Key Strategy for Economic Growth in Thailand
The World Bank advocates for expanding secondary cities in Thailand to drive its economy towards high-income status. This strategy aims to diversify economic growth, reduce dependency on the capital, and foster more balanced development.
The recent recommendation from the World Bank suggests that Thailand should prioritize the development of secondary cities, supported by the metropolis of Bangkok, to drive its transition towards a high-income economy. This strategy aligns with global trends where various nations are seeking to diversify their economic centers to reduce dependence and stimulate more balanced growth. Focusing on secondary cities could create local employment opportunities and improve regional income distribution, contributing to sustainable development across the country. Additionally, such an approach may also challenge demographic and economic concentration in the capital, positively impacting residents' quality of life in other regions. However, implementing this strategy requires careful planning to ensure efficient investments and adequate infrastructure to support the growth of new central cities.
Source: Bangkok Post Business