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How far can Thailand’s ambitious BCG push go in the APEC community?


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Thailand’s intention to push the Bio-Circular-Green economic model on the agenda of the Asia Pacific Economic Cooperation (APEC) meetings is mostly aimed at benefiting domestic big conglomerates, rather than driving regional economic development for the mutual benefit of all stakeholders, according to critics upset about being excluded from the implementation.

 

The Thai government, under its APEC theme — Open. Connect. Balance. — believes that the BCG economic model could be a paradigm shift to achieve a more balanced and sustainable post-COVID economic recovery.

 

“At the core of the BCG model is a campaign to rally each and everyone to shift their behavior to balance all things. It reinforces continuing global efforts on climate change, and compounds those efforts to accelerate the achievement of sustainable development goals,” according to the official APEC 2022 website.

 

The BCG, in Thailand’s local context, is a model to commercialize biodiversity and cultural richness as well as employ high technology and innovation to transform into a high-value economy, as the conventional strength of industrial production for export is running out of steam. 

 

Full story: https://www.thaipbsworld.com/how-far-can-thailands-ambitious-bcg-push-go-in-the-apec-community/

 

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-- © Copyright Thai PBS 2022-11-12
 

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