Two economists from the World Bank, Ndiame Diop and Hassan Zaman, have stressed the critical need for political stability, urgent reforms and the development of high-value-added sectors in Thailand, to ensure sustainable long-term growth. In an exclusive interview with Nattha Komolvadhin of Thai PBS World, they shared their insights and highlighted the key areas requiring attention.

 

“I think the recent election in Thailand is momentous for Thailand. We all hope for Thailand to embark on a period of political stability,” remarked Diop, the World Bank’s Country Director for Brunei, Malaysia, Philippines and Thailand. He also emphasised that political stability, alongside effective policy and economic reforms, can make Thailand highly competitive and foster rapid growth.

 

Thailand has made significant strides in social and economic development, transitioning from a low-income to an upper middle-income country within a generation. It has, however, faced challenges in escaping the middle-income trap for over 20 years. To achieve its ambition of becoming a high-income country, Thailand needs to sustain a growth rate of 5 to 5.5 percent, a considerable increase from the current 3.5 percent.

 

Caption: From left to right Nattha Komolvadhin, Ndiame Diop and Hassan Zaman.

 

Full Story: https://www.thaipbsworld.com/world-bank-urges-political-stability-and-urgent-reforms-for-thailands-long-term-growth/

 

-- © Copyright Thai PBS 2023-06-07

 

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51 minutes ago, snoop1130 said:

Two economists from the World Bank, Ndiame Diop and Hassan Zaman, have stressed the critical need for political stability, urgent reforms and the development of high-value-added sectors in Thailand, to ensure sustainable long-term growth.

Typical political BS!

"Just insert any country/economic zone/political party where it says "Thailand"

 

Two economists from the World Bank, Ndiame Diop and Hassan Zaman, have stressed the critical need for political stability, urgent reforms and the development of high-value-added sectors in ........................, (insert as required!) to ensure sustainable long-term growth."

The World Bank [and other kin associations] needs to be dissolved. 

Nothing but a plague on the earth.

Nice shoes.

In politics, when you hear the word "reform", you know you're gonna get screwed, especially if a supranational entity is involved.

13 hours ago, snoop1130 said:

Two economists from the World Bank, Ndiame Diop and Hassan Zaman, have stressed the critical need for political stability, urgent reforms and the development of high-value-added sectors in Thailand, to ensure sustainable long-term growth. In an exclusive interview with Nattha Komolvadhin of Thai PBS World, they shared their insights and highlighted the key areas requiring attention.

Military out of politics?

12 hours ago, John Drake said:

Nice shoes.

Shame about the colour choice.

14 hours ago, snoop1130 said:

To achieve its ambition of becoming a high-income country, Thailand needs to sustain a growth rate of 5 to 5.5 percent, a considerable increase from the current 3.5 percent.

A high income country ?

High income for whom ? For the bosses ?  They earn a lot already anyway ...

For the workers ? Won't happen , the bosses will not like it .

Very short trousers.

This will have the tin foil hat wearers frothing at the mouth.

20 hours ago, John Drake said:

Nice shoes.

I was thinking the same. Do you think we have a foot fetish?????