News Forum - Thai economist urges government to address inequality, improve education

[Thaiger]

A leading Thai economist says there are several issues the country needs to address in order to protect the economy in the long term. Dr Somjai Phagaphasvivat is calling on the government to develop human resources, improved the standard of Thai education, and address the serious issue of inequality. According to a Thai PBS World report, he says the Covid-19 pandemic has shone a light on glaring inequality in Thai society, adding that household debt has been growing for years and must be addressed. “What has been problematic for a really long time, and has been widely exposed by Covid-19, […]

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[gummy]

9 minutes ago, Thaiger said:

he says the Covid-19 pandemic has shone a light on glaring inequality in Thai society,

Really ? Then I can only assume that previously he has had is blinkers on , with a lot of other people, because the glaring inequality of Thai society has been obvious to most Thais and much of the outside world for a very long time.

[palooka]

Somjai believes the government has the necessary tools to fix the economy, but must remain prudent when balancing expenditure and revenue.

Oh Oh, does that mean no submarines?

[gummy]

1 minute ago, DoUKnowWhoIAm said:

Looks a bit of a "Tom" to me so hence  perhaps 9 x 1 = 7 is normal in her world 

[Blogosopher]

Wanna improve education? Start by stopping the "no fail" policy in government primary and secondary schools and stop Thai teachers from being sympathetic to lazy students. When students know there are real life consequences to not studying, then and only then, will education improve.

[Stardust]

Wow somebody with common sense and a economist with knowledge about the fundamentals of economy. But by the way the highest private household debts in whole Asia. If your private household debts over 90 % of the gdp and a every year a state household deficit plus the structure of the Thai economy you create a huge liquidity problem and on the brink of the collapse. The incompetent empty heads in charge with no knowledge about fundementals about the economy or how companies or productions nowadays operates is a big mess and made the country the sick problem child in south east asia. They think companies are operating like 1950,60, 70s where you just need cheap workers and their hands. Not realising that everything went digital and managed over IT, not understand that the global markets and productions is standardised. With a education system in a level of 1930  and not teached about critical thinking only to take orders they are lost. Without this skills they cannot solve problems and work in a nowaday company or do they think every company can hire for every worker a instructor who tell them everyday and hour what they have to do or for every staff an translator because every little programming is in english and trading, operating in the global markets is in english. And do they really think to be Thai is enough and gives them the needed skills to work in a company nowadays?! Since this Clowns are in charge with zero competence or any connection of the reality of the outside world and not understand we are in 2021 and not 1921 this country is lost. Or do they tell the outside world we only trade in Thai and change all nowaday standards in Thai?! In countries with existing common sense and where they not lost the sense of the reality they would call the ambulance with the special jackets for them.

[AlexPTY]

A leading economic research body says a planned re-opening to international tourism from November will give the Thai economy the boost it needs...

A leading Thai economist says there are several issues the country needs to address in order to protect the economy in the long term...

guys, who writes these articles? do you have some kind of boilerplate here at Thaiger?

[HolyCowCm]

Yeah but first they need to fix the stupid who is holding on to the power controlling everyone. I really do not believe they want more smart Thai here.

[NCC1701A]

1 hour ago, DoUKnowWhoIAm said:

i will look for this cosplay outfit on Lazada

[Stardust]

Maybe I should explain the real issue he is pointing to because they not say it because they never do often because of the nonsense with loosing face they never say the point. It is a big issue if you loose 98% of spending power (liquidity) in the actual situation Thailand is and the structure of the economy. To make it easier or to make it visual I use a extreme example. If you have a noodle shop and your customers have less money (liquidity) to spend you have a problem. Or l transform it into customers, so if over 90% of your customers cannot afford (liquidity) anymore (because they have to pay their debts every month from their monthly income) to buy your noodle soup you will need customers from outside (tourism, foreign investments) to compensate it. Some do not realize if the have to pay their loans every month from their income they have less to spend money for shopping, restaurants, holidays etc etc. Also you have the governments household deficits and foreign invests went down and tourism gone. The kung crash happened also because of the loss of liquidity and people were think at that time the baht is high so everything must be ok.

[Stardust]

8 minutes ago, Stardust said:

Maybe I should explain the real issue he is pointing to because they not say it because they never do often because of the nonsense with loosing face they never say the point. It is a big issue if you loose 98% of spending power (liquidity) in the actual situation Thailand is and the structure of the economy. To make it easier or to make it visual I use a extreme example. If you have a noodle shop and your customers have less money (liquidity) to spend you have a problem. Or l transform it into customers, so if over 90% of your customers cannot afford (liquidity) anymore (because they have to pay their debts every month from their monthly income) to buy your noodle soup you will need customers from outside (tourism, foreign investments) to compensate it. Some do not realize if the have to pay their loans every month from their income they have less to spend money for shopping, restaurants, holidays etc etc. Also you have the governments household deficits and foreign invests went down and tourism gone. The kung crash happened also because of the loss of liquidity and people were think at that time the baht is high so everything must be ok.

To make it more clear, numbers are facts and they not care what people believe or their ideologies!

[AlexPTY]

improve government education? too late for that

[Stonker]

7 hours ago, Thaiger said:

The relief is one part, the stimulus scheme is in addition. There are things that have led to some spending, so I think it has helped. If the government hadn’t done this, last year’s economy would have been even worse than it was.”

Well, the only "stimulus scheme" was to encourage people to travel, during and after Songkran, which led directly to the loss of any control over Covid, spreading it across the country, resulting in more cases and deaths per day than in the previous year.

I don't think it'd be unfair to say that there can't be much doubt that made the situation "even worse than it was" .

[HiuMak]

On 10/18/2021 at 10:56 AM, Thaiger said:

 According to a Thai PBS World report, he says the Covid-19 pandemic has shone a light on glaring inequality in Thai society, adding that household debt has been growing for years and must be addressed. “What has been problematic for a really long time, and has been widely exposed by Covid-19, […]

 

You do not need covid to shine a light on inequality. This happens in all socialist countries  The gap is not getting smaller but the opposite. It's all for the individualistic gains