Country needs shake-up, say experts | Bangkok Post: business

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Country needs shake-up, say experts

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The economy needs to find a new model of development to create sustainable growth and fairer benefits for people, say economists. 

They point to low productivity, too little competition and politicians' lack of accountability for the consequences of their populist policies as among key challenges.

Somkiat Tangkitvanich, president of the Thailand Development Research Institute (TDRI), said the economy consumes more oil than other economies, so sustainable growth would be put at risk if the oil price increases.

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