The Japanese have suggested Thailand gradually rework its investment promotion policies to minimise the impact on existing investors, saying a sudden change could cause investment to drop.
As wages rise, productivity should also increase, ultimately leading to a more competitive Thailand, says Mr Hayashi. PATTANAPONG HIRUNARD
Yasuo Hayashi, former chairman of the Japan External Trade Organization (Jetro), recommends a gradual transition in terms of investment promotion policies, allowing time for firms to adjust.
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