Thailand aims to become high income country in the next ten years

[webfact]

Thailand aims to become high income country in the next ten years



BANGKOK: -- Thailand aims to catapult itself out of the upper middle income country trap in the next ten years after the end of the 13th five-year national economic and social development plan, said Transport Minister and NESDB secretary-general Arkhom Termpittayapaisit on Tuesday.

Although the growth rate for the first three years of the implementation of the 11th national economic and social development plan was satisfactory and prompted Thailand to be graded as the upper middle income country by the World Bank, Thailand’s reduced competitiveness and constraints in economic expansion posed an obstacle for the country to get out of the middle income country trap.

He said that if the country’s growth rate remains at just 3 percent, the hope of achieving the high income country status may have to be delayed further until the end of the 14th or 15th development plans.

To achieve a 5 percent growth rate and export growth of 10 percent a year, Mr Arkhom said that the government needs to take actions of different fronts simultaneously, including improvement of human resources and modernization of machinery, infrastructure investment, research and development to add value to farm products among others.

Regarding public debts, it was reported that Deputy Prime Minister Somkid Jatusripitak has readjusted the public debts cap at 50 percent of the GDP instead of 60 percent.

Source: http://englishnews.thaipbs.or.th/thailand-aims-to-become-high-income-country-in-the-next-ten-years


-- Thai PBS 2015-09-15

[canopus1969]

we've already had April 1st this year

[wxpwzrd]

"Thailand aims..."

And will shoot blanks as normal...

[pinkpanther99]

Well I don't know where to begin with this one.

I actually laughed out loud when I read this.

Never a dull moment in Thailand.

[chaiyapoon]

No chance

[clockman]

Pigs might fly!

[PocoLoco]

There's a troll in the government, someone report him!

[clockman]

Always want to run, before they can walk!

[EnglishJohn]

Forget it.

Any initiative - even if it starts with genuine intentions - fails due to incompetence and corruption.

The whole problem is self-sustaining and by it's nature makes sure anyone who wants to change it will get weeded out long before they are in any position of authority.

I've seen it too many times here now to even hope things might be different.

[amerasianex]

Ya so did China. No I'm of the opinion that a sustaining economy is better for any country. But Thailand should aim high. Just don't forget your roots and design....

[dick turpin]

Thailand aims to become high........that's as far as I got.

[Lingba]

I just wet my pants laughing so hard

[kmj]

This government and I mean every department needs a press release vetting agency to stop them sounding and looking incompetent...

[Captain_Bob]

I'm aiming to get a pony for Christmas.

Which means it'll happen!

[ldiablo]

Funniest thing I've heard all week. Keep aiming Thailand and maybe one century you'll hit a target.

[manarak]

The easy way of doing that is raising taxes, madatory health insurance and put people on welfare and pensions.

Zero extra wealth for the country, but it will cause inflation, inflate the GDP and erode the current account balance.

But on paper it will look like people are getting richer !!

[MichaelJohn]

It's rather like when celebrities have a "nip slip" or a "wardrobe malfunction" we all know the reason is to get in the press.

To be part of the Thai govt you achieve this by saying something so ridiculous that it's bound to get you in the press.

[Thai at Heart]

They have 15mn in subsistence farming.....

[elgordo38]

we've already had April 1st this year

What really scared me was a man in a military uniform making this prediction. Kind of exposes Thailand's Achilles heel.

[elgordo38]

Ya so did China. No I'm of the opinion that a sustaining economy is better for any country. But Thailand should aim high. Just don't forget your roots and design....

Yes China. Watching the Ponzi scheme there starting to unwind and wait it will gather steam as time goes on. It was a paper tiger in the making. You can fool some of the people some of the time but you cannot fool all of the people all of the time.

[taichiplanet]

i think what they really mean is that the 0.1% that is already super rich, want to be super-duper rich. "The rich get richer and the poor get the picture"

[MaxLee]

Bangkok-ONLY-Bangkok Thailand aims to become high income country in the next ten years

[btunes]

Before BKK sinks into the ocean?

[Thai at Heart]

They have one of the most in equal societies in the world. I would think a statement like this would get the PAD quite annoyed.

[jaywalker]

Almost too ludicrous to deserve a comment.

The gent that said April 1st has come and gone said it the best.

[soalbundy]

"Thailand aims..."

And will shoot blanks as normal...

No, the foot. How do you get middle income let alone high income status when half the country are impoverished farmers ???

[jerojero]

Bhaahaa! Haha! 555! Now that is a really good one. How can these buffoons go on TV and blab such pie-in-the-sky aspirations? Dreams are now media worthy? This one is truly unbelievable.

[DavisH]

Did someone forget t tell them high income = high living costs? Do they think pad thai will still cost 30 baht when everyone is earning 50K a month? Look what has happened to prices when Yingluck told everyone to pay 15K minimum wage. Talk about the land of make-believe!!

[tomacht8]

They have a plan?
Really?

[PaPiPuPePo]

Well I don't know where to begin with this one.

I actually laughed out loud when I read this.

Never a dull moment in Thailand.

I did too, a serious LOL. I wish the Thais the best of luck, always, but..sorry...hahahahahahahohohohohoho...ho.ho.ho!