Given that the economy is one of the most important bases for the development of any nation, growth facilitated by strong developmental structure can be viewed as the cost or fertilizer required to allow such developments to flourish. Over the past decades, Thailand has seen little investment in large-scale projects, a situation which has been the case since the “Eastern Seaboard” era, which changed the course of Thailand’s economic strongholds from agriculture to more industry-oriented focuses.
Be this as it may, global trends of industry have begun to shift directions and this, importantly, is the spark which prompted Thailand’s necessity to re-envision and enhance the nation. These changes will allow Thailand to better survive and lay the foundation for a new era of prosperity. Today, the Eastern Economic Corridor Development Project (EEC) has risen as a new large-scale investment, which sets its sights on new and unprecedented levels of development under the “Thailand 4.0” initiative.
In attempts to best achieve these goals, it was deemed necessary to launch a pilot project in three provinces of Thailand, namely, Chachoengsao, Chonburi, and Rayong. These designations of land for the project are coupled with strong recognition of targeted industries, which were selected and promoted due to their ability to increase investment potentials, facilitate development of economically significant activities, and to provide better facilities in the designated promotional zones. These industries will also place special focus on human resource development and acquisition and development of new technologies, thus providing a more sustainable vision of Thailand.
In addition, The Policy Committee of the Eastern Economic Corridor has adopted resolutions as of the 1/2560 meeting on April 5th, 2017, which lays out 8 implementation programmes for EEC regional development. Each of the programmes link together and provide for well-implemented regional development of the EEC in a manner which is just and sustainable in every dimension.
The 8 implementation programmes for EEC development are as follows:
- The EEC Infrastructure Development Implementation Programme
- The EEC Targeted Industries Development Implementation Programme
- The EEC Human Resource, Education, Research, and Technology Development Implementation Programme
- The EEC Tourism Development and Promotion Implementation Programme
- The EEC New City and Community Development Programme
- The EEC Business Hub and Finance Hub Development Implementation Programme
- The EEC PR and Mass Engagement Implementation Programme
- The EEC Agriculture, Irrigation, and Environment Implementation Programme