(C) Bangkok Post
Last updated on May 6th, 2021 at 07:22 am
Suchatvee Suwansawat, as an engineer and educator, sees the Covid-19 outbreak not only changing people’s way of life but also how the environment works in the globalization era.
Countries have in the past relied heavily on exports and imports. Factories have been developed overseas, where the labor costs are cheaper. But now, it might not always be possible to transfer people and logistics, said Prof Suchatvee, referring to the impact of Covid-19 on economies around the world.
In every country, the unemployment rate is high. People who work abroad must return home because they can not survive, while the pay in a foreign country is high. If people have no income, problems like the domino effect follow.
In this time or the near future, the movement of money, people and knowledge will not take place noted Prof. Suchatvee. The entire world will become localised, self-reliant. Consequently, each country must reduce its reliance on imports in the midst of world uncertainties.
Around the same time, it would also be possible that other countries would stop relying on rice imports from Thailand. He also pointed out that other equipment is in short supply in the country, including ventilators for patients. In case of emergencies, locally manufactured goods have to be in storage rather than exported.
To survive, Thais must build inventions on our own, and Thais — both the people and the government — must support Thai innovation. Prof Suchatvee, who is also president of King Mongkut’s Institute of Technology Ladkrabang (KMITL), remembered the time in April when KMITL launched a prototype of its Mini Emergency Ventilators.
In the early days of the Covid-19 outbreak, he said about 10 universities and institutions studied how Thailand ‘s hospitals would provide enough equipment to treat patients.
The future of Malaysia job market 2025-26 has high opportunities of the skilled professionals who are willing to extend their…
Mexico has accepted a new wave of steep tariffs on Chinese and other foreign goods, which is a big change…
Japan has a rapidly growing population with in excess of 28 per cent of its citizens being over the age…
With this clean-energy move, Malaysia has thus made a historic breakthrough as it is witnessed with the opening of the…
Sumatra, which has a lot of different kinds of plants and animals and is famous for its beautiful jungles and…
Sri Lanka's famous tea-growing area was devastated when Cyclone Ditwah went through the central highlands, destroying farms and forcing thousands…
This website uses cookies.
Read More