Former BOT governor views Thailand as chronic patient

[rooster59]

Former BOT governor views Thailand as chronic patient

Kitti Cheevasittiyanon

 

BANGKOK, 14th July 2018 (NNT) - A former governor of the Bank of Thailand has compared Thailand to a chronic patient waiting for an effective cure. 

 

Chairman of the National Reform Committee on Economic Affairs and former BOT governor, Prasarn Trairatvorakul has delivered a special lecture on democracy and Thailand’s economic challenge, in which he said that Thailand is like a chronic patient. 

 

Mr. Prasarn said that, despite efforts by many governments, no cure has been found to help save Thailand from years of chronic illness. 

 

He explained that Thailand has long been dealing with entrenched problems, which led the national reform committee on economic affairs to see an urgent need to address the issue of social inequality. 

 

He added that Thailand has been emphasizing quantity rather than growth — a situation that leads to conflict and fights over resources. 

 

Mr. Prasran said that the distribution of autonomy to more localities so that each of them can be strengthened, so their residents, particularly farmers and workers without skills, are provided with opportunities to earn more. 

 

But as Thailand is becoming an aging society, Mr. Prasarn has urged the development of industries the country is good at, such as agriculture, food and tourism, while pushing for industries in global demand, including digital technology and bio-technology, as the government puts more focus on economic policies to take care of labor.
 

 

-- nnt 2018-07-15

[BobBKK]

Yes it needs a lobotomy. 

[worgeordie]

He's in trouble if the Government views that as FAKE news,

even if its true.

regards Worgeordie

[OJAS]

It remains to be seen whether this particular ex-BOT governor utterance will impact adversely on the THB's value when local financial markets open tomorrow. But somehow I doubt that it will.

 

Whereas any similar utterance by an ex-BOE governor about the UK, on the other hand, would, of course, lead to an immediate further dramatic decline in the GBP's value. 

 

Edited July 15, 2018 by OJAS

[Lupatria]

2 hours ago, rooster59 said:

Thailand is like a chronic patient. 

What could be expected when "amatuer doctors" snatched the treatment and claim to be capable to conduct the rehab?

[Pib]

 

Quote

Mr. Prasran said that the distribution of autonomy to more localities so that each of them can be strengthened, so their residents, particularly farmers and workers without skills, are provided with opportunities to earn more. 

Yes, distribute autonomy to all of Thailand's 76 provinces and two special administrative areas (Bangkok & Pattaya) so we can have 78 warlords local govts fight over central govt resources/money.    No need for a central govt to do this....determine distribution, monitor, control how the money is spent as that complicates warlord local govts creative accounting. 

[Bangkok Barry]

6 hours ago, OJAS said:

It remains to be seen whether this particular ex-BOT governor utterance will impact adversely on the THB's value when local financial markets open tomorrow. But somehow I doubt that it will.

 

Whereas any similar utterance by an ex-BOE governor about the UK, on the other hand, would, of course, lead to an immediate further dramatic decline in the GBP's value. 

 

 

It's because nothing about Thailand has any impact on any other country anywhere, about anything. What happens in Thailand has zero effect on world markets (except when gross corruption launched the Asian currency crisis and Thailand's currency went into free fall). And that is why, despite coups, corruption, mysterious and numerous deaths of foreigners etc Thailand goes on its own sweet way with zero consequences. Teflon Thailand is exactly what it is. Sadly.

[GreasyFingers]

5 hours ago, Pib said:

 

Yes, distribute autonomy to all of Thailand's 76 provinces and two special administrative areas (Bangkok & Pattaya) so we can have 78 warlords local govts fight over central govt resources/money.    No need for a central govt to do this....determine distribution, monitor, control how the money is spent as that complicates warlord local govts creative accounting. 

I normally think along the same lines as you, but cannot agree on your comments. Although local authorities are open to corruption, so too are large ones but on a larger scale. I went through the amalgamation of local Councils in Oz, but in my opinion they were a failure as they became centric and did not look after all of their districts.