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The International Journal of the Royal Society of Thailand
              Volume XII, 2020



                      Industry 3.0 occurred in the late 20  century, after the end of the two
                                                             th
              world wars, and is characterized by  a slowdown of industrialization and
              technological advancement as compared to the previous periods, as well as by

              the explosion of communications enabled through the development of satellite
              and Internet technologies.  It is also called the digital revolution.

                      Industry  4.0 is an abstract  and complex  term consisting  of many
              components when looking closely into our society and current digital trends.
              (https://en.wikipedia.org/wiki/Industry_4.0)


































                                      Figure 1  From Industry 1.0 to Industry 4.0
                    (https://theaseanpost.com/article/can-industry-40-change-southeast-asias-manufacturing)

                      Thailand followed this concept, introducing Thailand 4.0 in 2016 (Thairath,
              2020). Thailand 4.0 is an economic model that aims to unlock the country from
              several economic challenges resulting from past economic development models
              which placed emphasis on agriculture (Thailand 1.0), light industry (Thailand 2.0),

              and advanced industry (Thailand 3.0). These challenges include “a middle-income
              trap”, “an inequality trap”, and “an imbalanced trap”.








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