Once recognised as a high-performing Asian newly industrialising economy with the potential for economic and developmental success similar to South Korea, Taiwan, Hong Kong and Singapore, Thailand's growth rate and competitive edge have declined substantially. With slower adoption and movement towards the knowledge -intensive industry, the loss of the competitive edge is a cause of growing concerns among Thai policy makers, with Thailand succumbing to the middle-income trap. Mismanaging Asia's Economic Miracle analyses Thailand's declining competitiveness in the past 50 years, taking into consideration both national- and sectoral-level roles and capabilities of key players, including the government, universities and research institutes, as well as the electronics, food, automotive and creative industries.

Including comparative analyses with other Asian nations, this book is a must-read for both students and practitioners with interest in development economics, industrial economics and public policy.