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Boosting the Thai economy with soft power assets

Boosting the Thai economy with soft power assets

13 Sept 15:39 Key points summarised by AI
  • Thailand is actively leveraging its unique cultural elements, such as viral animal-themed clothing (cat, crab, and elephant pants) and local culinary innovations (mackerel-shaped ice cream), as 'soft power' tools to drive economic growth and attract tourism.
  • Products like Nakhon Ratchasima's cat-patterned pants have achieved rapid viral success and sold out quickly, underscoring the significant appeal and economic potential of culturally inspired merchandise, similar to the widespread popularity of elephant pants among tourists and celebrities.
  • Both previous and current Thai governments are strongly committed to promoting soft power, with the current administration establishing a National Soft Power Strategy Committee and proposing 5.1 billion baht in funding for 11 industries, aiming to generate 4 trillion baht and create 20 million jobs.
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