Is Human Capital in Higher Education Ready for Thailand 4.0: A Case Study of SSRUIC Students, Nakorn Pathom Education Center

Abstract

Presently, the Thai government has implemented its so-called Thailand 4.0 policy to move away from the middle-income trap to a value-based economy. Howbeit, human capital development is a crucial part for driving the policy’s success. Hence, this study aims to assess the perception of Thailand 4.0, the factors affecting learning, and the effectiveness of teaching. A mixed method research approach was applied; this comprised researcher administered structured observation in the classroom and in-depth interviews. The AMOS was manipulated for structural equation modeling to test the relationship between exogenous and endogenous variables. The result revealed that 63 per cent of the respondents understand the policy at a fair level. Surprisingly, only 2 per cent were shown to have the highest degree of understanding the policy. Whilst, the top three factors affecting learning are enhancement from family, motives to learn, and passion to be successful in future careers. Whereas, the most preferable methods of learning are lecture, simulation and role-play. In summary, there are myriad methods for educating as well as multiple contexts affecting learning. In particular, the motives, values and culture of learners. As a result, teachers should motivate student more and prepare the teaching approaches that fit the specific learners of within each classroom.