2019 International Innovation Scorecard

What did Thailand do right?

Thailand has relatively low corporate and individual marginal tax rates and ranks well above similarly-sized countries in the ease of starting a business. Also, the nation boasts access to improved drinking water sources for the vast majority of its population.

What can Thailand do better?

Thailand could lay legal groundwork and support self-driving vehicle development, an area where the country currently lags behind almost every other nation on the Scorecard. The country can increase its proportion of highly-skilled workers and dramatically increase its R&D spending, which is currently just 0.60 percent of its GDP.

Source: Consumer Technology Association

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(HBR IdeaCast)