Yingluck Sets Goal Of High-Income Nation: Thailand

[webfact]

Yingluck sets goal of high-income nation

NAKARIN SRILERT

THE NATION

BANGKOK: -- Prime Minister Yingluck Shinawatra's administration has set an ambitious goal of developing Thailand into a high-income country in five to 10 years through policies for promotion of research and development, income equalisation, capacity-building for small and medium-sized enterprises, and environmental enhancement.

The Cabinet appointed PM's Office Minister Varathep Rattana-korn to spearhead this initiative, which is expected to kick off in fiscal 2014. Varathep, who was also assigned to oversee the Budget Bureau, said yesterday that first, the government planned to raise average annual growth in gross domestic product to 5-6 per cent from an estimated 4.2 per cent this year.

The expansion in GDP would lift per capita income from US$4,420 to $12,400 a year in five to 10 years. In the same period, national research and development investment would be increased to 1 per cent of GDP from just 0.24 per cent now.

The government will focus on bridging the gap between rich and poor. It wants to bring the Gini coefficient down from 0.47 to under 0.4. The Gini coefficient measures the inequality among people's income.

The contribution of SMEs would be expanded to at least 40 per cent of GDP from 36.6 per cent now.

Along with all this growth, the country would become greener. Carbon emissions in the energy sector would be slashed to less than 4 tonnes per head annually while forested areas would be stretched to 128 rai (20.5 hectares) from 107 rai per head now.

-- The Nation 2012-11-15

[Thai at Heart]

Oh goody. I am so glad she has some sort of a plan.

Next, how to do it.

[cloudhopper]

Yingluck sets goal of high-income nation

Well the Shinawatras are certainly leading by example.

[LuckyLew]

Yup, anyone who has friends in high places will have high incomes ..

and all the rest can go stuff themselves

[Soupdragon]

I want to be an astronaut when I grow up.

[Buchholz]

Prime Minister Yingluck Shinawatra's administration has set an ambitious goal of developing Thailand into a high-income country in five to 10 years

A sizable readjustment of the time frame her brother promised earlier.....

Thaksin told his supporters, “We must give the Pheu Thai Party a land slide victory in the next election so I can return to Thailand to solve the economic problems. I promise that I will make all Thai people rich within six months.”

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[Stradavarius37]

Oh goody. I am so glad she has some sort of a plan.

Next, how to do it.

Im sure their plan involves giving the wealth to the Shiniwatra clan - who will certainly be happy to redistribute it to the masses. Or well....1 out of 2 ain't bad!

[FOODLOVER]

She is incredibly stupid to even believe any of this crap.

[Stradavarius37]

She is incredibly stupid to even believe any of this crap.

Oh, Yingluck is many many things, but she is not stupid.

[Buchholz]

The Cabinet appointed PM's Office Minister Varathep Rattana-korn to spearhead this initiative

Who better to run a get-rich scheme than a convicted lottery scammer and a convicted electoral fraudster...

Well done...

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Edited November 15, 2012 by Buchholz

[fareastguy]

Thet said a get rich quick scheme, didn't say for who or how ??

[Thaddeus]

Own goal.

[FOODLOVER]

She is incredibly stupid to even believe any of this crap.

Oh, Yingluck is many many things, but she is not stupid.

Please name the many things she is and what has qualified her to be categorized as non stupid. Please don't name any jobs she has had in her family business. I will qualify the stupid remark with " No night radar on my helicopter", choice to walk over the poor in BUR BERRIES. The death of 900 souls in order to bring in one last rice crop for her brothers friend. What's the non stupid part? You have heard her speak in English and in Thai? Rice stealing scam? Telling people it's not about her brother? Ridiculously stupid may have been more appropriate. Forgot about her being a liar as well. Maybe stupid liar face would have been appropriate. My bad.

[wdr]

With this high level of corruption ?

If there is any priority it shall be erease of corruption !Start education of your citizen !

High-income nation - after jump from 3rd world to 1st world status

[MaxLee]

The cost if living is gonna be 10 times fold more expensive if that happens...

Wanna buy a bowl of noodles for 500 baht minimum price, sir????

And in years to come, Thailand will have made the same mistake that the European and US countries made, to ship into debt...

[TomTao]

Here we go, lets all get rich by redistibuting the wealth, here is how it will be distributed, one for me and one for you, two for me and one for you, three for me and one for you, four for me and, oh sorry there's none left for you.

[jaltsc]

This is just the introduction for her new campaign slogan: "A new BMW in every garage". It will probably work on those voters who have graduated from the schools in her "High-Education Nation" plan.

Edited November 15, 2012 by jaltsc

[culicine]

Say goodbye to low inflation and mortgage rates! No one will be any 'richer', only those that devise such plans...

[Payboy]

Get Rich Quick Or Thai Trying.

[Tywais]

national research and development investment would be increased

So why did they cut our university's major research centers budget by 60%?

[Crushdepth]

Triple per capita income in as little as 5 years? She must be pretty cynical about the mental capacity of the average voter.

[noob7]

That will help the Thais, living from jobs in the tourism industry, for sure. I didn't read something about a better school system, to 'help' the poor, to develop the needed language skills.

Also I do not read anything about, to assist the people,who never had chance, to learn English in their schools, with a program, to correct this in the next 2 years.

So it looks like, some of the TV members are dam_n right, who should be the winners of this campaign, and who the losers.

Wasn't it already the problem of her brother, that there is no such thing, like outsourcing sumptuous provinces/citizen? I mean, in case you wanna get 'em up2date? Leading a country like a company is limited by some natural rules. No war, no chang/ce!

Edited November 15, 2012 by noob7

[saltandpepper]

What a joke!

When will this farce be ended?

[waza]

Interesting plan, it will take increased productivity from every member of society, increased tax participation, innovative thinking, reduced corruption and red tape and increased value added production. However, this will also create accelerated inflation and require increase policing and social contols. So say goodbye to a cheap, relatively free society and hello to the heavily taxed and heavily controlled nanny state your escaping from. Luckily this government is inept and incapable of achieving anything contructive so its just rhetoric

[asiawatcher]

"... expansion in GDP would lift per capita income from US$4,420 to $12,400 a year in five to 10 years."

Says it all. If she or her cabinet of loonies had access to the internet before they gave her the statement to quote, she would see how ridiculous a statement this is. Hey PM!!! - just so you know ...

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

Thailand currently rates #86 and at a tad of USD9,000. Who do we believe?

Edited November 15, 2012 by asiawatcher

[Mosha]

Triple per capita income in as little as 5 years? She must be pretty cynical about the mental capacity of the average voter.

I wonder how much a vote will cost in that new utopia?

[cloudhopper]

Triple per capita income in as little as 5 years? She must be pretty cynical about the mental capacity of the average voter.

Not cynical but calculated - that capacity is deliberately cultivated by the indoctrination education system here.

[mike123ca]

The policy is to raise the wealth of its citizens, then she need to raise the productivity level of

the people who work here.

To raise the productivity level, workers need to improve their job and education skills.

The educational system needs to reform itself to improve the quality of future graduates.

It's possible to improve the wealth of the country but there is a lot of work ahead.

[noob7]

The policy is to raise the wealth of its citizens, then she need to raise the productivity level of

the people who work here.

Both right, but one little thing: The policy is to raise the wealth of some citizens, only

[noitom]

The PM is kicking the can down the road 5-10 years. Thais won't remember anything she said in 5-10 days, and the newspaper will never follow up on this.