It has happened in Thailand, too such as metal industry, fabric industry, out of dated electronics industry.
Discussion
you are right, many low-level industries suffer because they struggle to adopt technology gradually or become digitalized.
In SEA (and small community-based businesses globally), families often pass down traditions, but younger gens prefer alt ways which is great. Integrating traditional artisans with modern tech would be beneficial. But its this transition that needs helping hand. unfortunately economy is managed by govt who are mostly not visionary and love to cover up problems instead of finding solutions
but as i am exploring diff markets in SEA i am so amazed at how advance some markets are growing and how backwards some have become.
btw was referring to CNY lol
春节到了。 我祝你家人有 幸福如意， 四李平安。😊🙏🇹🇭🏳️⚧️🎆
Happy CNY2024 🐲。
Party hard! Hows the Dragon year prediction this year?
I've only read my prediction but most of Thai astrologers have predicted Thailand economy will start to rise up in the end of this April.
However, I have not seen the sign of Thailand golden dawn era so I do not sure why most of them have told like the above.