Hello all! Here comes the second event I attended online the past weekend, which was called, 'THE STANDARD ECONOMIC FORUM 2022' from November 25-27. I couldn't follow all the sessions but will do after they have uploaded them for us from Dec, 1 on (last for 3 months with key messages included ka).
The sessions caught my attention beyond what I had expected.......sanuk maaaak ka. It was also one best deal to pay only 2,500 baht to watch it online.
What I got from the sessions I followed na ka:
1. Globalization is fragmented and one important issue is for us not to 'miss the supply chain wagon' for our economy and competitiveness.
2. The world is more fragile and Thailand can't operate on the auto pilot mode any longer. Our justice system has to be fair and free. Taxation coverage has to be managed.
3.Thailand must be more visible in the global scene. More importantly, it must be careful to decide what and when to go along with which superpower. Geopolitics has become more crucial and Thailand is lucky to be distant from Russia-Ukraine conflicts though we've definitely got some impacts.
4.Thailand has to reposition in many areas. On foreign policy, we need to manage both 'quiet diplomacy' and 'megaphone diplomacy' better, knowing when to manage quietly behind closed doors with key partners on some sensitive issues, and when to publicize what the public should know.
5. We lack visionary leadership and can't keep up in proper speed to see and grab some good opportunities during the past years so we've lost them to other countries like Vietnam. Leaders must not lean toward big businesses, know their scopes of authority and use them properly while taking care of the SMEs and the disadvantaged.
6. Climate change is on the top of all agenda in most of the sessions. It's necessary to unify all sectors to tackle 'nature deficits'. Thailand has to transition its processes carefully in every sector for its international trade to retain its competitiveness as there'll be new related rules to be imposed, especially by the EU, all attempts to reach net zero emissions by 2050.
There's room to be hopeful but the public must have more knowledge and join hands while many more opportunities are available for startups to use technology to help ka.
7. Inequality is one serious issue Thailand has to tackle. On the finance side, SMEs need much more help to get access to resources. Even BOT, it has been more aware and taken actions to help businesses become 'less brown'.
8. Every sector and organization has to internalize climate change issues as part of their every day work to manage risk assessments better. Some issues are 'wicked problems' so don't wait for regulators!
9. Web 3.0 is still under discussion for increased mutual understanding and don't wait for regulators. Arguments are on several issues like, 'is it necessary to have a centralized body (like a government unit) or is it good without?' , 'How could we trust the regulators?', etc.
10. Intergenerational literacy is essential.
Let me end it now before it gets too long ka.
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