Thailand is in dire need of a paradigm shift in development in order to survive the current economic crisis, according to the chairman of the Sang Anakhot Thai Party (SATP), Somkid Jatusripitak, on Thursday.
"As more hardship lies ahead of us, there's no room for complacency. We have to be well prepared to embrace these challenges, said the country's former economic tsar, who was speaking at a seminar at Bansomdejchaopraya Rajabhat University on Thursday.
"The country's development mode needs to change, in order to balance our internal dynamics with our reliance on external factors in economic development," he said.
