Old man Thailand feels pain of economic arthritis

[webfact]

Old Man Thailand Feels Pain of Economic Arthritis
by Suttinee Yuvejwattana

(Bloomberg) -- Nuchnart Sakvisetchaikul got married four years ago in Bangkok at the age of 33. She has one child and doesn’t want more, an increasingly common trend among a population that is rapidly growing old.

“I want my kid to have the best I can give,” said Nuchnart, a senior executive at an insurance company in Bangkok whose mother looks after her 3-year-old daughter during the day. “My work is demanding. It’s good that I have only one kid.”

Women marrying later and having fewer children is one reason why Thailand will join the ranks of its northern peers, whose labor forces are shrinking, just as the number of working-age people in other Southeast Asian nations rises in coming decades. The decline will constrain Thailand’s long-term growth potential, analysts at Credit Suisse Group AG said.

Almost a third of Thailand’s population will be over 60 by 2050, compared with less than a sixth in the Philippines and a fifth in Malaysia, according to the United Nations. That puts the country at a disadvantage among the Association of Southeast Asian Nations just as rising costs in China are pushing manufacturers to find new bases in the region.

“Thailand is emerging as the old man of Asean,” said Chua Hak Bin, a Singapore-based economist at Bank of America. “Demographics are useful predictors of real gross domestic product growth” and Japan’s experience suggests an aging population will weigh on expansion and property, he said.

Full story: http://www.bloomberg.com/news/articles/2015-03-17/old-man-thailand-feels-pain-of-economic-arthritis

-- Bloomberg 2015-03-18

[Costas2008]

Don't just look at, Nuchnart, a senior executive at an insurance company in Bangkok, but have a look also at Issan, a major part of Thailand, that families have more than 3 or 4 kids each.

Look at the unwanted pregnancies of teenagers, that kids are growing up with the parents or grandparents as the mothers and fathers can't support them.

Shortage of skilled labour is not because of young population shrinking but because of the lack of education and willingness of the Thais to work.

Thailand is not suffering from old mans arthritis, but of lack of education and proper distribution of resources.

Fix those and there is a bright future for Thailand.

[shirtless]

Money has stopped falling from the sky so now is the time to fix the problems and stop the talkfests as they amount to nothing, Start with education ,,

[trogers]

Don't just look at, Nuchnart, a senior executive at an insurance company in Bangkok, but have a look also at Issan, a major part of Thailand, that families have more than 3 or 4 kids each.

Look at the unwanted pregnancies of teenagers, that kids are growing up with the parents or grandparents as the mothers and fathers can't support them.

Shortage of skilled labour is not because of young population shrinking but because of the lack of education and willingness of the Thais to work.

Thailand is not suffering from old mans arthritis, but of lack of education and proper distribution of resources.

Fix those and there is a bright future for Thailand.

Lack of education or too mentally lazy to be educated?

[welshissan]

Don't just look at, Nuchnart, a senior executive at an insurance company in Bangkok, but have a look also at Issan, a major part of Thailand, that families have more than 3 or 4 kids each.

Look at the unwanted pregnancies of teenagers, that kids are growing up with the parents or grandparents as the mothers and fathers can't support them.

Shortage of skilled labour is not because of young population shrinking but because of the lack of education and willingness of the Thais to work.

Thailand is not suffering from old mans arthritis, but of lack of education and proper distribution of resources.

Fix those and there is a bright future for Thailand.

Lack of education or too mentally lazy to be educated?

Are you for real with some of your Neanderthal comments?

The Thai education system sucks due to corruption, inept teaching practice's,and seriously bad core curriculum.

I am sure most children here would love to have access to the educational system that you went to,but unfortunately they don't have that option.

Let's hope that they don't grow up to be as cynical as you!

[trogers]

Don't just look at, Nuchnart, a senior executive at an insurance company in Bangkok, but have a look also at Issan, a major part of Thailand, that families have more than 3 or 4 kids each.

Look at the unwanted pregnancies of teenagers, that kids are growing up with the parents or grandparents as the mothers and fathers can't support them.

Shortage of skilled labour is not because of young population shrinking but because of the lack of education and willingness of the Thais to work.

Thailand is not suffering from old mans arthritis, but of lack of education and proper distribution of resources.

Fix those and there is a bright future for Thailand.

Lack of education or too mentally lazy to be educated?

Are you for real with some of your Neanderthal comments?

The Thai education system sucks due to corruption, inept teaching practice's,and seriously bad core curriculum.

I am sure most children here would love to have access to the educational system that you went to,but unfortunately they don't have that option.

Let's hope that they don't grow up to be as cynical as you!

Only way most of them can be educated is to be confined in boarding schools.

There is basically no parental supervision after school and the kids gang with peers on their motorcycles.

[welshissan]

Believe it or not but I agree with your reply. Education seems to be on the back burner for the poorest thai families. I would think that is why many support the red faction in the northern provinces. If the government of any colour put as much emphasis on education as it did with lining their own pockets then maybe, just maybe, some of the hostilities might cease. We can only dream.

[Daniel Ingalls]

Education is not an issue!.....Go by any University, I see thousands attending classes. On TV evening news

I see hundres receiving Diplomas............The problem is their are no openings for the areas they were educated. Industry is not developing as fast as the graduates line up for applications of employment. Since there are so many English teachers from foreign countries. You would think the Thai government would start up a program to

teach Thais how to speak English properly, then hire Thais to teach english at every level of education. This would demising the need for foreign English teachers nation wide. That would help the rest of us getting our Retirement Visa's faster.

[Benmart]

Don't just look at, Nuchnart, a senior executive at an insurance company in Bangkok, but have a look also at Issan, a major part of Thailand, that families have more than 3 or 4 kids each.

Look at the unwanted pregnancies of teenagers, that kids are growing up with the parents or grandparents as the mothers and fathers can't support them.

Shortage of skilled labour is not because of young population shrinking but because of the lack of education and willingness of the Thais to work.

Thailand is not suffering from old mans arthritis, but of lack of education and proper distribution of resources.

Fix those and there is a bright future for Thailand.

Lack of education or too mentally lazy to be educated?

Are you for real with some of your Neanderthal comments?

The Thai education system sucks due to corruption, inept teaching practice's,and seriously bad core curriculum.

I am sure most children here would love to have access to the educational system that you went to,but unfortunately they don't have that option.

Let's hope that they don't grow up to be as cynical as you!

“We are students of words: we are shut up in schools, and colleges, and recitation -rooms, for ten or fifteen years, and come out at last with a bag of wind, a memory of words, and do not know a thing.”

― Ralph Waldo Emerson

[ScarpoFongness4U]

Thailand is way behind the ASEAN countries

They aren't being compared to the west

they are being compared to there adjoining countries and the rest of Asia which no one can deny they trailing every category

police and prostitution, aside

[Cake Monster]

All the good time, easy money has now stopped for Thailand, and business,s along with the general population have to get into the new real world that is evolving rapidly from the 2007 financial meltdown.

If Thailand fails to react to these changes quickly, then they will slump back into the duldrums they had before FDI changed the country.

[trogers]

All the good time, easy money has now stopped for Thailand, and business,s along with the general population have to get into the new real world that is evolving rapidly from the 2007 financial meltdown.

If Thailand fails to react to these changes quickly, then they will slump back into the duldrums they had before FDI changed the country.

Thought you were first referring to China.