Yingluck Sets Goal Of High-Income Nation: Thailand

[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.

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

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

If you want someone to improve their personal wealth, improving one's education is a good way to go.

If your skill level increases, then you should have better employment opportunities elsewhere.

[jez56]

Excerpts:

". . . an ambitious goal of developing Thailand into a high-income country in five to 10 years . . . 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."

Admittedly I am not a government minister with a PhD in economics, but these numbers don't add up, unless wage increases far exceed GDP increases for the next ten years -- thus causing inflation, I think -- or the baht appreciates a lot against the USD.

Here is some simple arithmetic. Bending over backwards to be fair, I take the upper limit of the 5-6 per cent planned annual increase in GDP, and the upper limit of the 5-10 year time period.

An annual income today of USD 4,420, compounded by 6.0 per cent per year for 10 years, will then stand at USD 7,916. That's less than half-way to the figure of USD 12,400 given in the article.

Or, to look at it from another angle: to increase USD 4,420 to USD 12,400 in five years (the government's lower time limit) would necessitate annual wage increases of 23 per cent compounded, not 5-6 per cent.

Edited November 15, 2012 by jez56

[coma]

What a brainless idea. Inflation would go through the roof and so would crime as the poor wouldn't be able to afford a bowl of rice.

[yourauntbob]

I plan to be a billionaire in the next ten years. I will appoint someone who has never accomplished anything close to this to spearhead the initiave. The campaign will start in a few years once people forget I ever promised it.

[pbeieio]

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

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

Who says so her brother? Well if he says it it MUST be true!!!

[TomTao]

What a great idea, raise wages, lower the international appeal Thailand has by manufacturers as a place of cost effective production. Most, if not all the companies that invest in Thailand will look elsewhere. Higher wages = lower profit margin, Thailand can kiss goodbye to the billions of Baht that foreign manufacturers bring in through investment every year.

Sent from my GT-I9003

[Soupdragon]

What a great idea, raise wages, lower the international appeal Thailand has by manufacturers as a place of cost effective production. Most, if not all the companies that invest in Thailand will look elsewhere. Higher wages = lower profit margin, Thailand can kiss goodbye to the billions of Baht that foreign manufacturers bring in through investment every year.

Sent from my GT-I9003

Foreign investment won't be affected. This news is for domestic consumption only.

[Halion]

Utter nonesense, unless of course she intends to start and redistribute the graft and corruption. Statements such as these can only be aimed at the uneducated . No one in their right mind would give this any credibility except for a drowning man clinging to a straw. Sadly there are many drowning in Thailand under this regieme.

[Pimay1]

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.

It will also work for those who have graduated from Thida's red shirt schools.

[indyuk]

Gentlemen contributors all but one of you put a negative spin on this thread. What are your alternatives. You have nothing in your hands unless you can wipe all of the egg off of Khun Abhisit's face. .No one in his coalition, or even his ow Democrats wants the job just now.Yes I know that many of you are hoping that Khun Abhisit will defeat the government by the conclusion of the proceedings of the motion to censure.

Don't hold your breath. You preferred leader is wrong footed already. His goal in respect to acquiring another opportunity to lead the Thai Government is in 'Dire Straights'.

[Thaddeus]

Gentlemen contributors all but one of you put a negative spin on this thread. What are your alternatives. You have nothing in your hands unless you can wipe all of the egg off of Khun Abhisit's face. .No one in his coalition, or even his ow Democrats wants the job just now.Yes I know that many of you are hoping that Khun Abhisit will defeat the government by the conclusion of the proceedings of the motion to censure.

Don't hold your breath. You preferred leader is wrong footed already. His goal in respect to acquiring another opportunity to lead the Thai Government is in 'Dire Straights'.

Money for nothing.

[ratcatcher]

Gentlemen contributors all but one of you put a negative spin on this thread. What are your alternatives. You have nothing in your hands unless you can wipe all of the egg off of Khun Abhisit's face. .No one in his coalition, or even his ow Democrats wants the job just now.Yes I know that many of you are hoping that Khun Abhisit will defeat the government by the conclusion of the proceedings of the motion to censure.

Don't hold your breath. You preferred leader is wrong footed already. His goal in respect to acquiring another opportunity to lead the Thai Government is in 'Dire Straights'.

Money for nothing.

Yes indeed: PTP- - Sultans of Sting

[OzMick]

Gentlemen contributors all but one of you put a negative spin on this thread. What are your alternatives. You have nothing in your hands unless you can wipe all of the egg off of Khun Abhisit's face. .No one in his coalition, or even his ow Democrats wants the job just now.Yes I know that many of you are hoping that Khun Abhisit will defeat the government by the conclusion of the proceedings of the motion to censure.

Don't hold your breath. You preferred leader is wrong footed already. His goal in respect to acquiring another opportunity to lead the Thai Government is in 'Dire Straights'.

I find it interesting that you note an almost totally negative response to Yingluk's little wet dream, but are unable to find anything positive to say about it yourself, preferring to change the subject.

[Payboy]

Gentlemen contributors all but one of you put a negative spin on this thread. What are your alternatives. You have nothing in your hands unless you can wipe all of the egg off of Khun Abhisit's face. .No one in his coalition, or even his ow Democrats wants the job just now.Yes I know that many of you are hoping that Khun Abhisit will defeat the government by the conclusion of the proceedings of the motion to censure.

Don't hold your breath. You preferred leader is wrong footed already. His goal in respect to acquiring another opportunity to lead the Thai Government is in 'Dire Straights'.

Money for nothing.

And the chicks for a fee.

[Pimay1]

Gentlemen contributors all but one of you put a negative spin on this thread. What are your alternatives. You have nothing in your hands unless you can wipe all of the egg off of Khun Abhisit's face. .No one in his coalition, or even his ow Democrats wants the job just now.Yes I know that many of you are hoping that Khun Abhisit will defeat the government by the conclusion of the proceedings of the motion to censure.

Don't hold your breath. You preferred leader is wrong footed already. His goal in respect to acquiring another opportunity to lead the Thai Government is in 'Dire Straights'.

I find it interesting that you note an almost totally negative response to Yingluk's little wet dream, but are unable to find anything positive to say about it yourself, preferring to change the subject.

Yep OzMick it's Deja vu all over again. But.....but....but....Abhisit..........the democtats..........

The same old broken record.

[Sayonarax]

[Skywalker69]

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

In other words, she is plain stupid.

[Skywalker69]

Has she started a new election campaign already. Or is it just another HUB?

[Skywalker69]

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!

Good points.

[Skywalker69]

Her statement should weaken the THB and make the foreign investers to be consened.

[Dap]

I want to be an astronaut when I grow up.

And you don't think being an alien in Thailand already qualifies?

[Dap]

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...

.

Well ... they did hire the professionals.

[lizardtongue]

Is she ill? Who dreams this crap up for her to say?

[waza]

Is she ill? Who dreams this crap up for her to say?

[timewilltell]

Utter nonesense, unless of course she intends to start and redistribute the graft and corruption. Statements such as these can only be aimed at the uneducated . No one in their right mind would give this any credibility except for a drowning man clinging to a straw. Sadly there are many drowning in Thailand under this regieme.

ALL the statements made by Yingluk and her family are aimed at the uneducated. Keep telling them the story over and over how rich they will be and they will just believe it. The educated understand this and benefit from the reality of where the money from corruption is going and do not give a dam_n for Thailand save to preach the purity of Thai Culture. It is just a lot of smoke most of which is blown up the asses of the poor and illiterate who vote these traitors into power.

[PeaceBlondie]

PM Yingluck Shinawatra is.

[mrtoad]

Another idea, without a credible plan. Just another way of making hollow promises.

She should stick to packing lunch boxes.

[mrtoad]

Is she ill? Who dreams this crap up for her to say?

A certain convicted fugitive in Dubai would be a guess.

[Tanaka]

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

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

Just AWOL.

[Skywalker69]

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

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

Just AWOL.

You got that right.