World Bank says Thailand will take 20 years to gain high earning status country

[webfact]

World Bank says Thailand will take 20 years to gain high earning status country

 

 

BANGKOK: -- World Bank says Thailand will take 20 years before it can be considered a country with high earning.

 

According to the survey of poverty by the Poverty and Human Development, East Asia and Pacific Program with the World Bank, it said at present there are almost 7.1 million Thais who are extremely poor.

 

The survey was based on their earnings of less than US$ 6.2 minimum wage per day, per person which equates to 218 baht.

 

Of the 7.1 million poor, the survey found that 20% were living just above the poverty line.

 

It said with concern that this group, which comprises poor farmers from the northeast, north and three southern provinces, runs a high risk of falling back below the poverty line.

 

It said further that their situation is further complicated by the slowdown in the Thai economy, the drop in farm prices, low overall competitiveness and political instability which will undermine investor confidence.

 

Full story: http://englishnews.thaipbs.or.th/world-bank-says-thailand-will-take-20-years-gain-high-earning-status-country/

 

-- © Copyright Thai PBS 2017-03-14

 

[Cuchulainn]

20 years?

 

Try adding a zero onto that (if you're lucky!)

[clockman]

Unless your a general?

[trogers]

Time to plant more trees and triple the bark rubbing...

[Just1Voice]

20 years?  Being rather generously optimistic, aren't they?

[Get Real]

Yeah, sure! With everything else that has to be reinvented from the stoneage era included, this particular little incident that people no have enough money and salury will soon be forgotten. The 20 year aspect is right, because nobody is going to remeber this stupis statement after that long time.

[shady86]

No point getting to high income country with selfish and brainless mindset. This is a problem for third world countries trying to get out from middle income trap

[Lupatria]

They shouldn't have released their survey. Some will paraphrase it as: we have to stay in power for 20 more years.

[yellowboat]

If you look at China, much was done in a short time, but the Chinese work hard and love to learn.  If World Bank is using the China time line as a basis, they have failed to factor in the entitled and elitist interest in an educated society. 

[Lingba]

Does this place Thailand in another "HUB" category???

[Crossy]

3 minutes ago, Lingba said:

Does this place Thailand in another "HUB" category???

 

Possibly the hub of hubris.

[Sphere]

1 hour ago, webfact said:

Thailand will take 20 years.....

 

Then, every Thai will have his own personal shopping mall in Bangkok.....

[scotchonrocks]

I won't be putting a date in my calendar waiting for this event to happen

[optad]

Low education standards and poor multilingualism in Asean will guarantee this article's headline for some tiime ot come.

 

However more sinister is the the wealth disparity between the poorer peoples and the top 2 percent. It is in the elite's interests too, to maintain this wealth gap. Almost like cotton farm economies in the 1860 s in the states. Almost feudal. Just a gross abuse of a country's human resources. 

[jayboy]

If you look at China, much was done in a short time, but the Chinese work hard and love to learn.  If World Bank is using the China time line as a basis, they have failed to factor in the entitled and elitist interest in an educated society. 

In China despite the authoritarian rule there is a genuine desire to raise the prospects and lives of the less advantaged.In Thailand notwithstanding rhetoric more effort is expended on consolidating the position of a few elites.When a rogue like Thaksin took a different position he brought down on himself a rage and hatred from the privileged and their middle class hangers on that lasts to this day.Meanwhile the Thai majority looks on ...sullen. ..waiting.Nothing has been resolved.


Sent from my iPhone using Thaivisa Connect

[jaltsc]

"World Bank says Thailand will take 20 years before it can be considered a country with high earning."

 

This is so confusing to Thailand's officials. All this time they thought that shaking down its citizens for tea money WAS "high earning" activity. 

 

[SOUTHERNSTAR]

That maybe correct but at the present level of inequality of income there will be many very very rich people and millions of poor. Same same as now the only difference will be that the income gap will be greater.

[NCC1701A]

Thanks for the warning.

[PatOngo]

Last week...

Thailand ranks least miserable country for third year in a row.

Yeah....ok!

 

[JAG]

47 minutes ago, optad said:

Low education standards and poor multilingualism in Asean will guarantee this article's headline for some tiime ot come.

 

However more sinister is the the wealth disparity between the poorer peoples and the top 2 percent. It is in the elite's interests too, to maintain this wealth gap. Almost like cotton farm economies in the 1860 s in the states. Almost feudal. Just a gross abuse of a country's human resources. 

As long as the main, no only, aim of those in power is to maintain the almost feudal system for distribution of the nations wealth, and the main thrust of their policies and philosophies is to keep the poor "in their place", as so accurately described above, Thailand will never come near being a "high earning society".

 

Maintaining this wealth gap is in the elites interest, in the short term. In the long term, if they were a bit more enlightened, and a little less greedy, they would perhaps realise that by maintaining, and if anything increasing, this wealth gap, they are storing up huge troubles for themselves. Put bluntly, if they go on in this way, it is inevitable that they will end up being chased from office by the mob, wanting a share. In the past the mob waved pitchforks, now they will be waving smartphones. Far more effective...

[mfd101]

Terms like 'high earning' and 'middle income trap' are relative not absolute terms (ie relative to some other country or countries you compare yourself with). Given the Thai difficulties already noted - essentially cultural and the politics that goes with it - Thailand is likely to be lagging way behind genuine 'middle income' and 'high earning' countries for decades to come.

 

But, measured absolutely, there may nevertheless be considerable progress made over time, albeit with the usual inequities present in every country (eg Usofa).

[worgeordie]

For the majority of the population anyway,others are doing

very nicely,thank you,

regards worgeordie

[mike324]

59 minutes ago, jayboy said:

 

In China despite the authoritarian rule there is a genuine desire to raise the prospects and lives of the less advantaged.In Thailand notwithstanding rhetoric more effort is expended on consolidating the position of a few elites.When a rogue like Thaksin took a different position he brought down on himself a rage and hatred from the privileged and their middle class hangers on that lasts to this day.Meanwhile the Thai majority looks on ...sullen. ..waiting.Nothing has been resolved.


Sent from my iPhone using Thaivisa Connect

 

I have to say even with China's most basic education, their reading and math skills are far superior to Thais. Thaksin or not, none has done any good for Thai education in the past decades. Under Yingluck, they implemented a PC tablet for every student thinking it will make them smarter. Its really not that hard to overhaul the Thai education system, they simply have to rewrite the text books and save some face by copying foreign education models such as the ones used in Singapore. Singapores education model is being implemented by many countries around the world.

 

Yes in the mean time, like you say the majority of the Thais looks on..... perhaps Thais would do more good by protesting about education than politics.

[elgordo38]

And then along came robotics and AI and it all goes out the window. 

[chainarong]

Some of the people I knew in 1992 are still getting the same rate today as then and no they are not rice farmers , the mean average is 9 grand a month in the country,  this world bank doesn't appear to be to worldly.......................................

[digger70]

It depends where you want to look,There are plenty people here that earn(collect) a lot of THB to fit in the High earning list, But there are a lot more people that don't even get the minimum  wage to stay alive.If you go by that, it will take an other 100 years and they won't even catch up to the Western world.

[klauskunkel]

Quote

World Bank says Thailand will take 20 years to gain high earning status country

The World Bank is basically saying that it will take 20 years for the number of Generals to be the same as the number of people in this country

[KenKadz]

There are two governments in Thailand, the government you see and the government you don't see. The government you see is the politicians and the courts. They are actors.

The government you don't see has many names and many elements, all working against Thailand's best interests. Among its several names are shadow government, the deep state, powers that be, etc.

Two governments is not exclusive to Thailand.

 

[Krataiboy]

World Bank says Thailand will take 20 years to gain high earning status country

 

Oh, come on - they can't delay the elections that long!

[williamgeorgeallen]

20 years this will all be forgotten, and the army will have wiped out corruption so the cops will be living in poverty.