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Economy

Thailand struggles to escape 'middle-income trap'

Nurturing professionals key to advancing industry

A worker checks a car at a plant in the eastern Thai province of Rayong.

BANGKOK -- Thailand's once-booming economy now finds itself struggling to escape the middle-income trap -- an economic ceiling developing countries often hit.

In December, U.S. company Goodyear Tire & Rubber started building a new production line at its aircraft tire plant in Pathum Thani Province, north of Bangkok. The new plant is set to begin producing state-of-the-art radial tires in 2018. A Goodyear executive said the company chose Thailand for its prime location at the heart of Asia's growing aircraft market.

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