Thailand eyes improvement in global competitiveness ranking

 

 

BANGKOK, 21 November 2017 (NNT) - Thailand's Ministry of Commerce and the Office of the National Economic and Social Development Board (NESDB) have met with representatives from the World Economic Forum (WEF) to find ways to improve Thailand’s economic competitiveness. 

According to Deputy Prime Minister Somkid Jatusripitak, the Ministry of Commerce and the NESDB have been informed of the new criteria which the WEF uses to rate countries' competitiveness. 

Dr. Somkid said Thailand’s civil-state policy will be taken into account when a competitiveness survey is carried out. The WEF tends to be more satisfied with nations that have policies to promote public and private participation. 

The WEF has been asked to consider Thailand’s service sector, which accounts for 60% of the country's GDP, in its competitiveness analysis. 

As for 2018's economic policies, the Deputy Prime Minister said the government will focus on promoting the grassroots economy, stabilizing prices of farm goods and boosting investment in the Eastern Economic Corridor.

 

-- nnt 2017-11-21

Thailand is competitive, as long as, they are making things under the tutelage of and for Japanese or US firms.  

3 hours ago, webfact said:

The WEF has been asked to consider Thailand’s service sector, which accounts for 60% of the country's GDP, in its competitiveness analysis. 

This should prove interesting.

Based on the 2017 CIA World Factbook and other sources for Thailand GDP composition by sector of origin :

• industry country ranks services 55.3%
• services rank 125 out of 188 nations

https://theodora.com/wfbcurrent/thailand/thailand_economy.html

https://photius.com/rankings/2017/economy/gdp_composition_by_sector_of_origin_services_2017_0.html

 

3 hours ago, webfact said:

Thailand eyes improvement in global competitiveness ranking

Why? The country is already in the top ranks. Maybe the disciplines are worldwide not well recognized:

• Road accidents
• Road rage
• Illegal (unregistered) weapons
• Monk scams
• Corruption
• Oh and before I forget - fruit carving

 

Aside from all that economic blah blah. Where did he mention trying to become No 2 in the world for road deaths rather than being No.1 PLUS the economic cost of looking after all those that survived road deaths. This guy is a genius .. only on planet Mars!

4 hours ago, webfact said:

Thailand's Ministry of Commerce and the Office of the National Economic and Social Development Board (NESDB) have met with representatives from the World Economic Forum (WEF) to find ways to improve Thailand’s economic competitiveness. 

Simple. Stay democratic and have an elected government. That will bump up competitiveness ranking by a few notches. 

As I am no economic guru, I'll take the word of the NESDB that Thailand is competitive.

 

But being on the top list for road casualties, lack of ability to contain torrential flooding in major citities, may dissuade some, out of fear of insufficient quality of infrastructure/logistics.

Edited November 21, 20178 yr by observer90210

Simple. Stay democratic and have an elected government. That will bump up competitiveness ranking by a few notches. 

the only thing that would get bumped up is the new PM'S bank account. probably another shin sponsored from abroad

...Thanks to all the illegal, underpaid, slave-workers from Myanmar and Cambodia, maybe?

18 minutes ago, Eric Loh said:

Simple. Stay democratic and have an elected government. That will bump up competitiveness ranking by a few notches. 

Khun Eric, when the 'democratic content' of Thailand would rise, I rather think the 'competitiveness' will go down some notches, at least when it is true 'Democracy' you are thinking about, not the fake Thai puppetry used by, for instance, the selfish Shins' political formations, you are 'driving for'...

4 hours ago, yellowboat said:

Thailand is competitive, as long as, they are making things under the tutelage of and for Japanese or US firms.  

Ah, you made me afraid, not the Chinese then, LOL

Its like a duck on top of a pond, peaceful and calm, but the feet are going 100 miles an hour to stay on track.

Maybe they want to grow more rice and rubber?

10 minutes ago, bangrak said:

Khun Eric, when the 'democratic content' of Thailand would rise, I rather think the 'competitiveness' will go down some notches, at least when it is true 'Democracy' you are thinking about, not the fake Thai puppetry used by, for instance, the selfish Shins' political formations, you are 'driving for'...

People getting behind the leadership is what drive competitiveness especially the majority of voting people. That will contrast sharply when the leadership is forced down on the people and governed through intimidation and fear; not forgetting unpopular expensive projects and pittance for the people. 

5 hours ago, webfact said:

stabilizing prices of farm goods

Doesn't he mean *subsidising*?

38 minutes ago, Eric Loh said:

People getting behind the leadership is what drive competitiveness especially the majority of voting people. That will contrast sharply when the leadership is forced down on the people and governed through intimidation and fear; not forgetting unpopular expensive projects and pittance for the people. 

Yawn, always the same, biased, rhetoric from you, makes one wonder whether you believe in what you write, ...for yourself. Like what you write here about 'what drive competitiveness', alas, makes no sense at all in economical 'mechanisms', as an intelligent TV contributor, as you are IMO, should know. Why then, if not Shins' electoralist (back in the front row at the trough...) propaganda?

4 hours ago, Lupatria said:

Why? The country is already in the top ranks. Maybe the disciplines are worldwide not well recognized:

• Road accidents
• Road rage
• Illegal (unregistered) weapons
• Monk scams
• Corruption
• Oh and before I forget - fruit carving

 

You forgot Nose Picking!

If there is any improvement in the ranking, it'll have much more to do with the decline of the competition than the rise of their own competitiveness.  Any dedicated effort to be "competitive" with other nations is almost antithetical to the Thai mindset, as they already pretty much implicitly assume their own superiority and are culturally unable to admit to failures or mistakes.  Some obvious exceptions of course,  but saying stuff like, "Thailand eyes improvement in global competitiveness ranking" is just silly.   That should be reworded to say "Thailand believes it actually ranks higher in global competitiveness".