Thailand needs new thinking on its economy, moving away from the emphasis on growth and consumption to the quality of life rather than the quantity of things, said Pasuk Phongpaichit, Emeritus Professor in Political Economy, Chulalongkorn University.

Pasuk Phongpaichit and Chris Baker, a couple in both life and in their esteemed scholarly work, on Thursday received the highest award granted by Fukuoka city, Japan.