Thailand’s economy needs a major boost : PM

[Irish star]

6 hours ago, Skipalongcassidy said:

There's one thing for certain... keep doing the same thing over and over hoping for different results is the definition of insanity... refer democrap voters in USA.

Ask Putin how Biden Rocks , really get off Faux Entertainment and Qanon , Trump would sell the country to Russia to stay on his Good Toilet Throne , Still in the Cult huh 

[nobodysfriend]

18 hours ago, snoop1130 said:

annual growth rate for the past ten years averaged 1.8%, the lowest in this region, while household debt rose from 76% to 90% of GDP, placing Thailand among the world’s top ten countries for household debt.

 

Proof off the former government's incompetence .

[realfunster]

18 hours ago, snoop1130 said:

He cited the case of about 30,000 Thais working in Israel, saying that most of them don’t want to be repatriated, despite the ongoing war between Israel and Hamas, because of the attractive pay and the fact that some Israeli employers have offered to double their wages.

FFS - he was saying 2 days ago that they were being coerced into staying there and started a spat with the Israeli ambassador or is it just that they have been offered pay hikes ?

 

Anyway - the overall tone of the article rings true, the Thai economy needs a re-invention if the country is going to progress.

Sad to see that the major brainwave from the new government so far (which has been repeated ad nauseam since 2000) is just to encourage more tourists.

Interesting that although tourism has grown rapidly from around 10m pax in 2000 to 40m pax in 2020, the overall average economic growth rate is only 1.8%.

 

Something needs to change  

[spidermike007]

14 hours ago, MarkBR said:

Agree with much except ownership of land.  If land can be bought by foreigners the many poor Thais will sell their land & Thailand will be owned by nonThais.  Example, most of Scotland is not owned by Scottish people.

There may be economic advantages to allowing sale of land to foreignees but pros & cons must be analysed to see whether it benefits the majority of Thais.

A reasonable approach would be to allow foreigners to buy up to two rai. This would allow them to build a nice house have some  property, and it would have very little impact on the land sales in general in Thailand. It would not allow multinationals to come in and start land banking, but it would give expats a leg up, and it would show a little bit of regard and respect for the expect community, which does not exist right now within the government.