The government is also cooperating with small and midsize companies and large businesses to ensure that fast-changing industries, such as the financial and telecom sectors, are up to international standards.ДЄ key component of Thailand 4.0 is the Eastern Economic Corridor (EEC), an area of more than 13,000 square kilometers straddling the three provinces of Chonburi, Rayong and Chachoengsao southeast of Bangkok. The plan emphasizes technological innovation and education, assisting digital entrepreneurs, boosting internet access and retraining workers through the Digital Economy Promotion Agency (DEPA). Thailand 4.0 will be characterized by a digitized integrated business and social system and an advanced infrastructure. To achieve this, the countryвЂ™s government and business leaders have set in motion a transformation plan known as Thailand 4.0, the next stage of long-term growthВ after progressing through export dependent 1.0 agriculture, 2.0 light manufacturing and 3.0 heavy industry. In 2017, ThailandвЂ™s GDP was BHT15.45 trillion (US$475.9 billion), registering growth of just under 4% from a year earlier, and was the 8th largest economy in Asia.Д«ut for all its successes, and with its economy on track to grow by 4.1% this year-the fastest pace since 2012-the country has reached a crossroads and must move up to the next level of development. Construction was booming, and Thailand became the worldвЂ™s top rice exporter and Southeast AsiaвЂ™s largest auto producer. The World Bank describes Thailand вЂњone of the great development success stories with sustained strong growth and impressive poverty reductionвЂќ on its website.Дuring its biggest growth period from 1985-1995, during which the country posted an average 7% rise in growth domestic product annually, the Thai economy was driven by cheap labor and light industry such as electronic manufacturing and assembly.

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