Implication of smart economy governance: A perspective of smart cities in an emerging country

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Abstract

The smart economy integrates smart technologies across all aspects of life, driving digital economic growth, enhancing security, and fostering competitiveness (Kumar & Dahiya, 2017). In Thailand, the concept of smart cities has been embraced, holding the potential for improved urban living (Thinphanga & Friend, 2023). This research provides a framework to guide Thailand’s smart city development, aiming to enhance economic growth and residents’ quality of life. Employing qualitative methods, this study engaged eight key informants through purposive sampling to understand the dynamics of Thailand’s smart cities and economy. Utilizing content analysis and NVivo software, the research identified essential elements for the success of smart cities in Thailand. Critical is the development of digital infrastructure like high-speed Internet and cloud services for nationwide access. Additionally, adopting technologies such as Big Data Analytics, artificial intelligence (AI), and Internet of Things (IoT) is vital for improving services and enhancing life quality. Effective public-private partnerships (PPPs) and addressing digital gaps, skill shortages, cybersecurity threats, and regulatory challenges are also crucial. The study underscores the importance of digital education and skills for future readiness. Ultimately, Thailand’s shift towards smart cities could significantly improve economic and social outcomes, provided these strategic areas are addressed.

Keywords: Smart Economy, Smart Cities, Impact, Thailand

Authors’ individual contribution: Conceptualization — P.M. and T.K.; Methodology — P.M. and T.K.; Software — P.M. and T.K.; Validation — P.M. and T.K.; Formal Analysis — P.M. and T.K.; Investigation — P.M. and T.K.; Resources — P.M. and T.K.; Writing — Original Draft — P.M. and T.K.; Writing — Review & Editing — P.M. and T.K.; Supervision — T.K.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: O18, O33, O38, R11

Received: 11.12.2023
Accepted: 13.06.2024
Published online: 17.06.2024

How to cite this paper: Moolngearn, P., & Kraiwanit, T. (2024). Implication of smart economy governance: A perspective of smart cities in an emerging country [Special issue]. Journal of Governance & Regulation, 13(2), 431–442. https://doi.org/10.22495/jgrv13i2siart18