BANGKOK -- Thailand's once-booming economy now finds itself struggling to escape the middle-income trap -- an economic ceiling developing countries often hit.
In December, U.S. company Goodyear Tire & Rubber started building a new production line at its aircraft tire plant in Pathum Thani Province, north of Bangkok. The new plant is set to begin producing state-of-the-art radial tires in 2018. A Goodyear executive said the company chose Thailand for its prime location at the heart of Asia's growing aircraft market.
