Surprisingly, Thailand has more than 100,000 laws with low quality. That would make more difficult to do business in this country.
On the other hand, South Korea do away with the laws around 48 %. The result is competitiveness rankings climb to 26th place from 48. Moreover, reduced public sector cost and increased foreign investment.
Is this time to Thailand to attempt to “Do Away” with Laws?
Policy analyses from the Dr.Somkiat Tangkitvanich appear on Thai PBS television on Mondays.
First published on Monday, May 9,2559.