The Economy of Thailand: More than Tourism?
ฝัง
- เผยแพร่เมื่อ 27 พ.ค. 2024
- The Thai Economy is the second largest in Southeast Asia. Being right in the centre of one of the most vibrant economic clusters on the planet.
Famous for its sun, sea and sand, Thailand is so much than just a tourist hot spot.
Thailand's Economy went on an incredible growth run during the second half of the 20th century. However, economic growth has slowed since the 2000’s, leading some to suggest Thailand’s Economy is stuck in a middle income trap.
What are the factors behind this in Thailand’s case?
How did rice pledging impact the Economy?
And why Thailand is pinning its economic hopes on the Eastern Economic Corridor?
#Thailand #ThaiEconomy #Bangkok #Economics
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Can you do video about S. Korea
@@jyay4397 looking to soon! A logical place for our asia travels 👍
Is bkk the most visited city in the world ??🙄 are u sure?
isnt Paris ?
@@slashslash9777 yes according to Mastercard, Paris is typically second: www.mastercard.com/news/press/2019/september/bangkok-tops-mastercard-s-global-destination-cities-index-for-the-fourth-consecutive-year/
@@AltSimplified Ok tks👍🏻
Thailand is such a great place
Very kind and good people
Love you Thailand from India 🇮🇳
@Yash Dakhare to galat hai kya?
@Yash Dakhare to gareeb ko ameer bolenge kya??
kind and good people as long you get enough of baht
Good job thailand, proud of u . From your SEA brother, Indonesia 🙏
Thanks , my indonesia friend 🤗
I’m Thai and i love Indonesia. Outside of Thailand, Indonesia is the country i love the most. I will travel to Indonesia for sure after the pandemic is over.
I'm American and I like Thailand and Indonesia. Also Cambodia and Vietnam, Singapore, Malaysia.
Indonesia is our best friend.
Hopefully thailand become muslim majority insha allah.
I’m from India , Living in Thailand , Krabi province 🇹🇭 I feel more comfortable here as my home town , good & bad people everywhere , from my point of view Thailand is the perfect destination for holiday & Living . Anyhow I’m not satisfied with their visa procedures for living but still feels good .
Careful, they check Visa's randomly in Bangkok
Krabi is my hometown but now I live in Bangkok.🤣🤣🤣🥰🥰🥰
the good ppl are rare in thailand.
I have gone to Thailand . It's an amazing place with good and hospitable people . Most of the area's of Thailand are pretty much developed while in some areas there's problems and poverty just like any other country in the world . I like Pattaya and the Aquarium in Bangkok the most . The economy is much more than tourism and the infrastructure is pretty well maintained .
I love you.
From Thai people.
Thank you
You are just a casual tourist, going to Pattaya dont make you become an economy expert. You just liked the ladyboys
@@JudgeDredd888 so what’s bad about Thailand in terms of permanently living there? I heard is becoming more unbearable and more expensive/ripoff?
Flooding, hurricane and tsunami’s are one of my worries, also immigration is inconvenient and doing things online is not their forte…still kinda backwards dont you think? Idk tell me.
It's a fact that every Thai farmer's family has a truck to transport their agricultural produce. But the middle class of neighboring Thailand can only afford motorbikes and bicycles.
Respect from Taiwan to Thailand. They're a great success story here.
I'm Thai.
I love Taiwan also.
...And respect to Taiwan for a successful independent state /nation and democracy there too - way before China developed it's economy -but Thailand has no democracy and an absolute totalitarian monarchy and an unelected, military Junta.
covid-19 come from taiwan Province.After research found that the frog soup that Taiwanese often drink may contain viruses.
Taiwan is a Country👍
From Thailand
@@entaolu1271 bro wtf!!!😂😂😂
As a Thai, I don't care that much about economy growth or income level but I care about quality of life, it is so convenient here. I have traveled and worked in many developed countries, never thought of immigrating there.
yes, Thailand workers in korea loves to move back to home after saving money
Me too.
@@aznpride4923 why not? They have their own land in countryside.
Never thought of living or working anywhere else in the whole wide world. Thailand forever.
@@tqverimuch1743 Yes i left a comment as a sign of agreement to the main comment. I like Thailand..
Thailand is beautiful. From Việt Nam.
Me love vietnam too
I’ve read the comments and I found that many comments, nearly all of them, viewed Thailand so positively, even if they criticized, they criticized with academic facts and reasonable. It’s really great that many people like Thailand even they have never visited the country. I’m sorry if something or someone in Thailand disappointed some foreigners. And I would like to say “Thank you very much.” for everyone who likes Thailand. :)
Thailand has a mixed economic system in which there is a variety of private freedom, combined with centralized economic planning and government regulation.
Investing in Thailand's economy should be a good option for growth.
really appreciate the info. it really scares me to go into this market. I've conceded the thoughts for a while tho but I have to effectively watch and manage the way I spend. I work off two jobs but it doesn't get better. any favourable info would be really appreciated..
be careful with trading, yes you can make money doing it but more people fail than succed. investing especially dividend investing can create much more wealth long term if you're under 30. if you're older and just starting, trading might be your best bet. But do a lot of research. best of luck to you.
the stock market is just a favourable independent entity undisturbed irrespective a the nation's economy.
Anmol Singh's service is more like a partnership, all based on share percentage. He does the activity required to pick stocks and excutes trades that offers the complete investment to achieve your specified goal. at the same time one has control over their funds in auto trading and can opt out anytime. it's a subset of algo trading....
The other strength of Thailand that this video did not mentioned is a cultural industry. Thailand has made great movies such as Ong-Bak, Shutter, Alone, Bad Genius, Brother Of The Year, Friend Zone, Homestay, The Teacher's Diary, etc. Their works got high quality and are getting better. And besides, Thailand's story market is growing rapidly through the internet and mobile platforms, webtoon and webnovel. You did a great job, Thailand! I support you from South Korea. : )
Thank you for your comment and I agree with you about this topic. Moreover than agriculture, tourism and industry which Thailand can do well, even the industry should be more developed to be 4.0 or innovative industry, I think that other fields which Thailand can do well and should be more supported to be more developed is Medical Tourism and Entertainment Industry. The medical sciences is very popular in Thailand and many students who have high capacity choose to study in this field, so the medical section in Thailand has many people from oversea accepted. If there’s more supports and promotes, the Medical Tourism will be more developed. For Entertainment Industry, even Thai entertainment industry hasn't reached the Asian or Global areana like the Entertainment Industry of Japan or South Korea does, there are many foreigners who are fans of Thai entertainment industry. You can see that there are many comments in English or other languages in many Thai Films, Series or MVs. For Thai songs, Thailand also starts to develop T Pop too. Actually, T Pop is not something new. From my point of view, I think that there are 4 eras of T Pop.
1.First Era - This era was during 1980s and early 1990s.
2.Golden Era - This era was during 1990s to early 2000s. During the 1980s, with the investment from many countries especially Japan, Thailand's manufacturing industry was developed and made Thailand become Middle Income Country. With more wealth, Thailand had more chance to developed entertainment industry. This era was affected much after 1997 Asian Financial Economic Crisis, but the development was still going.
3.Kamikaze Era - Nothing about Japanese history. It is just a name of music company. This era was during middle 2000s to 2010s. There were many popular Boy Groups and Girl Groups from this company. Some groups had Japanese and Korean members. Many Thais also view that this is another Golden Era of T Pop.
4.Diversity Era - The current Era. I think that there are many styles of Thai Boy Groups and Girl Groups and Solo Artists during this era. Thanks to the online platform like TH-cam, many new artists and companies have their own way to produce and distribute the songs and MVs. They don’t need to depend on big companies like in the past. For the Idol Style, it began after the great success of BNK48 after they and Koi Suru Fortune Cookie became very popular and became national phoenomenon in late 2017 and early 2018.
Many Thai actors, artists and behind the scene working teams also work oversea including in South Korean or in the US. And many Thai Entertainment products and people also won many Asian awards. This shows that Thai entertainment industry has the capacity to be more developed. I think that the important factor that Thai entertainment industry is still lacking of is "Continuity". We have great artists and behind the scene working teams, but the development is not so continuous. If Thai entertainment industry want to go to Asian or Global areana, the development has to be continuous, not only when the industry is on the trend. Like the case of Japanese or South Korean entertainment industry. They have to take very long time to reach the global areana like they are today. At this point, even Thailand hasn’t been able to compete with them directly yet, Thai entertainment industry can be an “alternate choice” for the global audiences when they want to find the new entertainment.
Thai BL becomes popular
@@ideensamalle597 I think Thai BL exports the Thai language better than any other media effort.
As an American in Thailand intermittently, I think their protectionist attitudes were what gave them an advantage. I think they have had the right idea in mind but the execution has not been perfect. Their future depends on services. They are not going to be able to grab the bottom dollar anymore but what they can do is provide for the growing economies in Laos, Cambodia and hopefully someday Burma
As a country, Thailand is not a poor country. Thailand is a middle-income country, both in term of GDP or GDP Per Capita. One of the main problems is inequality. Wealth and opportunity distribution need to be improved. Thailand has many weak points, but also have many strong points. What Thai government and Thai people need to do is to reduce the weak points and to strengthen the strong points. Having a continue development, despite the effects of 1997 Asian Economic Crisis and many periods of Thai political crisis, means that Thailand has the capacity. Thailand doesn't stop being developed as many Thai people think. The development is still going, even not so fast, depend on many factors in each periods. If Thailand can find the proper ways to use the capacity and resources that Thailand has, along with adjust what are still lacking, such as good and equal education, I believe that Thailand can be improved faster and more developed than Thailand has ever been.
Thailand is on-par with Malaysia, Indonesia, Philippines & now Vietnam as middle income country with massive economic growths.
Is smartphone internet connectivity good in Thailand ?
Just one look at Bangkok and you can tell that there's much more than just tourism going on!
There has to be when shoebox condos are selling for more than US$100,000
more like Bangkokland and the rest is Thailand, Bangkok is the only urban area
@@N.biebie8428 Just a small country so how many mega metro you expecting?
@@kittenastrophy5951 Not such a small country - 70 million people - quite large geographically.
@@kittenastrophy5951 Thailand is definetely not a small country, and it's true that Bangkok is the only major city in the country. I don't think it's a big problem though
Besides Singapore, Thailand is the richest in Asean And the second most developed after Singapore. I'm Taiwanese in ASEAN. I've been to almost every country. Then the following developments: 1 Singapore 2 Thailand 3 Malaysia 4 Indonesia 5 Philippines 6 Vietnam 7 Cambodia 8 Myanmar 9 Laos respectively.
Absolutely agree with you. I have Been travel and worked in SEA and Thailand is after Singapore. I thought Malaysia was number 2 but in reality most of their rural areas aren't developed as the same as Thailand overall by far. In countryside of Thailand they got everything in needed for modern life even they are farmers
Indonesia is actually the biggest economy in ASEAN. Thailand is second place.
@@hauserreich4388 Biggest doesn't mean developed. The biggest economy but still poor country.
@@sokapokvic2514 Vietnam catch up to be no.2 after singapore
@@guandewei May be? How?
Yes for a video on Thai canal project! I found this channel last week and I've been binging your videos ever since. Love them
Awesome! Thank you! 👍
I had been in Thailand at 2018.Like this country and its people.
You can only move away from the middle income trap through innovation
@@elias5339 yup
Thank you very much for your report about Thai economy. This is one of the best and well balanced presentation about Thailand I have watched on TH-cam. :)
Your video aligned with my thoughts exactly!
I don't feel surprised at all. Thailand traditionally opens to foreign traders, far more than China did since 15th century. In fact, we feel safer to practice Islam and Christianity in Thailand than in China, just to name a few. Thailand will go on to become one of the most developed economies in Asia, its GDP in total matched up with that of Oman and Jordan.
Indonesia?
@@asiancomparasion7656 What about Christian, Buddhist, Hindu, and even atheist there in that time? Are they free? If they are, then yes
Who are “we”? Bit weird that you speak for both Islam and Christianity. Buddhism is the state religion of Thailand; that makes Thailand institutionally really unfriendly for non-Buddhist and atheists... most importantly, weird comparison with China...
@@nehcooahnait7827 That's because Chinese nationalists always insist that China is a "tolerant" country free for every religious people, which I found ironic considering China's history of violent persecution of different ethnic and religious groups.
I know Thailand is Buddhist nation, but at least it didn't discriminate by religion as China does.
@@ottomanosman2463 Thailand has been opened to the foreigners since the ancient time. During the Ayutthaya period, there were the title of “Port Department” to conduct the trade. There were Left and Right Port Department designated by turning the face to the estuary of Chao Phraya River, the Left of the estuary or the east if looking from the map was under the Left Port Department conducted by the Chinese to control the trade between Ayutthaya and Eastern countries especially China and Japan, and some areas which were under the Western influence such as the Philippines under the Spanish and Dutch East Indies, Indonesia in the present, under the Dutch. The Right of the estuary or the west if looking from the map was under Right Port Department conducted by the Persian to control the trade between Ayutthaya and Western Countries from Indi, Persia, the Middle East, to the Western European Countries. There are many families descended from the Chinese and Persian who worked in the departments. For the Persian. One Persian merchant Sheikh Ahmad and his brother Muhamad Sa-id and subordinates, settled in Ayutthaya around 1600. Sheikh Ahmad worked in Royal Palace and was granted the noble title. He was also the founder of Bunnag noble family which many members had the roles in Thai history. Many male members worked as bureaucrats and had the high ranking status. Many female members were concubines of the Kings, so many princes and princeses descended from this family. Until the present day, many members of Bunnag family have the high ranking status in Thai bureacracy, such as ambassadors. There were also people from other nationalities, Portuguese, Japanese, etc. who did the trade, worked in Royal Siamese Court or became the mercenaries in the Siamese troops during the Ayutthaya period. During the Rattanakosin Kingdom, especially during the modernization of King Rama V (King Chulalongkorn, 1853 - 1910, reigned 1868 - 1910), the Siamese government also hired many Europeans to assist the Siamese government to be modernized, so Siam could escape the Western Colonialism.
Best country to visit near India ❤️❤️ love u Thailand
เช่นกันครับ
Thanks.
love you too. From Thailand
@@poopakel2814 ❤️
and you can share a beer between 10 men, bargain
this vid is really well-made and simplified. even an economic noob like me gets to understand the drives behind our economic trends. Really, thank you!
You're most welcome! Look forward to seeing you in future videos 👍
Lovely video, thanks for sharing. Wishing you a wonderful week!
Fair play to you for doing the research to produce this great vdo.
Oh Thailand! Savatiha! So cute Thailand, love Thailand from China 🇨🇳 after vaccines I ll go to Thailand travel again.
I love China too.
You're welcome ☺️
Thank you for your great and master piece work I have never seen.
Thailand has good potential for growth but political instability is a hinder.
Politics is stable.
great content guys. keep up the work and this channel will start kicking soon enough
You already made a video about Indonesia,Philippines,Singapore,Malaysia and Vietnam economies.Hope to see more ASEAN content in the future.. thanks! 😊❤️
FYI the comment previously below was spam WhatsApp (now deleted), watch out! Thanks for your comment, will continue to make videos on the region 👍
Great VDO. Very insightful. Clearly shows you have put lots of efforts into each VDO in the series. Thumbs up. :)
I have seen incredible growth over the last 40 years, compared to many western countries including my country Canada. So many westerners know very little about Asian culture; the holly wood beach movies are top of mind. Yes I am very interested in any info you can provide about the Thai Canal project. Thanks for your insightful video. I look forward to more; I appreciate your facts and objectivity.
Love u videos very much...keep up the good work
Altsimplified, honestly , your content is on the level of Economics Explained or CaspianReport(Not an economics channel, but still)
Keep up the work, I'm sure you'll get the hundreds of thousands of subscriptions your channel deserves.
Glad you like them! Thanks for the support, it means a lot. Exciting announcement to come at the weekend 👍
THANK YOU so much to let the world know that is not Thailand in 40s or 50s anymore, your videos are AMAZING!
You are a right, corruption its now much higher than in the 40s and 50s....
Great work mate. Excellent video.
For some countries which always say that Thailand doesn’t have any wars so Thailand has the chance to develop. Thailand has some conflicts with other countries or other internal issues like other countries. Even they might not be as big as other countries’ wars. Moreover than the wars between Siam and Burma and other Kingdoms in the ancient time, Siam (The name was changed to Thailand in 1939) also had war with France in 1893, 1940. World War II, Communist Insurgency during the 1960s - 1980s, Southern Thailand Insurgencies, the clashes at the borders, etc. Every country has their own issues. Just the medias don’t report doesn’t mean that we are in peace for a long time.
You mean Vietnamese? lool. Vietanamese always say that
It's a fact that every Thai farmer's family has a truck to transport their agricultural produce. But the middle class of neighboring Thailand can only afford motorbikes and bicycles.
@@rimmingleeseo2631 ahhh we don't knew, what's country is!, but in fact we don't lose or have the war, but he have paid too much cost for got the status. Sanction, control, force, shadows power, it came to many section in many aspect. this made Thailand cannot grow as the way we can did. now it being better
Good one. Please bring a report on the Maldives.
Cool video 👍
Excellent Geat video . Good fortune for Thailand . Wonderful country .
I'm so glad to have stumbled upon this gem of a youtube channel haha
He deserves a shit ton more subs, quality videos
Thanks BP! Hope to see you around for this weekend's video on Spain , it's mother of all economic bubbles and why it was the world's worst performing advanced economy in 2020 👍
Definitely make more vids about Thailand including the canal.
It should also be noted that Thailand has a very low population growth rate, the lowest in southeast Asia, then low GDP growth is understandable.
In 2019, 3 other neighboring countries compared to Thailand,
Malaysia’s GDP growth rate was around 1.3 times higher, but population growth rate was almost 5 times higher.
Philippine’s GDP growth rate was around 2 times higher, but population growth rate was almost 5 times higher.
Vietnam’s GDP growth rate was around 2 times higher, but population growth rate was around 3.5 times higher.
Among these 4 countries, even though Thailand has the lowest growth in “GDP”, its growth in “GDP per capita” is the highest.
I've been trying to make this point for a while now, and you're the first person I've seen make the same argument. Thailand's population growth is the same as Germany's.
Actually, Singapore has the lowest population growth rate since 1994 and Malaysia's GDP per capita is 50% higher than that of Thai's under both nominal and PPP basis.
Population wise, Vietnam's rate is only 26% higher (1.9 vs 1.5), even less for Malaysia.
Facts wrong, hypothesis weak, correlation exists but not strong enough to explain the cause.
@@Tannguyen-qy1zr
Population growth rate in 2019
Thailand 0.28%
Singapore 0.81%
Vietnam 0.96%
Malaysia 1.34%
Philippines 1.37%
@@cHemon Okay my bad was looking at fertility rate... that's insane Thailand gotta do something about its migration:)
Thai people don't wanna have kids because of the f++king military dictatorship!!! If you look at the graph, ever since Prayuth Chanocha (aka King's Puppet) came into power, people stopped having kids because we are concerned about our future! The cost of living has skyrocketed but wages are the same since 7 years ago when he came into power!
The Thai Canal would definitely be a huge game changer for Thailand and SEA. I'd really like a video of that!
@Afix China will help you!
politics would be an issued with the canal , since it will fueled the separatist in Southern Thailand
Malaysia and Singapore will make sure that does not happen
@@Kreativtsinne what will they do?
But it's bad for Singapore and any countries that don't like China especially USA
Thailand and Vietnam are really good friend now, you are so smart avoid all the war in 20 Century.
This channel is a gem 💎
Thank you angadskate28
Mate you helped me out with countless reports for university and work, I work at a consulting firm and your videos has always given me an accurate broad overview of different countries. I would love to support you in any way I can. Keep making these
Have*
@@angadskate28 Haha no worries mate! Great to hear it's useful :) We're getting ready to launch a community platform, so please do keep in touch!
@@AltSimplified absolutely, cheers
As a Thai people.
Our biggest problem is government. They never support made-in-Thailand technology or product fully. They never give you any fund or protective market. They're just give you a smile and that's it.
Thai people have skilled and idea. But How could small fish swim in the big ocean with a lot of big fish? Government will never stand by your side unless you're successful.
Specify which government did ? Your mentioned problem have been for long time. You can't just say plain "government".
@@kittenastrophy5951 Prayut’s government
@@tipp1515 Either absolute liar or self hypnotized to believe, for your answer. Anyone can think of who came before Prayuth.
To have high tech industry, you need to have a highly educated workforce. To have Thailand 4.0 you need to ensure the youth are educated.
They still teach kids about fighting with Myanmar and try to do stupid propaganda about king riding elephant
Many young Thai generations are educated and can be a force for the development. There are many Thai people who graduated with Engineering and Science degrees, as both degrees are important to develop the innovative economy under Thailand 4.0 Policy, and many Thai government agencies increase Research and Development budgets more than in the past. And there are also many scholarship programs to award the students who have capacity to study Engineering and Science, both in major Thai universities and oversea. This needs to take times to develop. As I know, Thailand has many engineers and scientists, but the problem, along with improving education to be more quality and well distributed to every parts of the country equally, is the motivation, many people with these degrees tend to work oversea with higher salary. There are some Thai people working in big high - tech companies in Silicon Valley or other parts of the US, some even work for the NASA, some work in other big high-tech companies in other countries such as Japan. And many students who have capacity don't want to be engineers or scientists. They tend to study medical science to be the doctors or dentists instead. By the way, Thai government tries to use this point to make Thailand be the medical hub in the region. If education has more quality and better distributed equally and the government has the good motivation for the people with high capacity to work in Thailand, I think that Thailand 4.0 Policy will not be a too far goal to reach for Thailand.
Culture
@@korapatsrisuebsai4432 without national pride, you cannot drive the country forward. Better spend your time developing your own country than saying bad to your birth place
Craft skills Lab Thailand because I love my nation, thats why we should have freedom to said whats wrong with my beloved country. Forced to love is a lie, love without question is blind. Did you blinded yourself mate?
I love your vids and i would highly appreciate it if you could make a video about the EU having two currencies. 1 for the rich and 1 for the poorer countries.
Interesting thought
That would be interesting.
Keep making rapid economic progress 🙏. My best wishes to my Thai brothers from Manipur, India 🙏
Great documentary with nice visualisation and informations! The footage is completely stock footage?
Thanks! Yes it is, although we pay a greater premium for some of the clips 👍
@@AltSimplified may I asked which service you prefer to use for stock footage?
@@Zabination easily shutterstock. Though the clips can run into the hundreds of dollars. Most don't understand how much money you need to invest right! 💵
@@AltSimplified true. That’s why i have the approach to produce the footage by myself 😅 but think it will pay of here with your Chanel anyway 💪 great content!
Agricultural processing industry And car production base Is the heart of the Thai economy It is not tourism as foreigners understand. Only a small percentage of people will benefit from the tourism industry.
Rice pledging strategy and first time car buyer scheme remain haunting and burden thailand economic till date.
And people still blindly love Thaksin and his sister. Thanatorn, one of the masterminds behind the recent protests, was a beneficiary of the first car scheme.
Yes, and those support of the Shinawatras are blaming the current government for it, while the corruption of rice pledging program and other failed policies cost the country million and millions of baht. I cannot understand why there are still some Thais who support the Shinawatras.
And that thing isn't counted as a cause of the latest coup by this channel.
@@GaaraNous Yes, billions and billions of Baht. We are still paying at least 1 billion US dollars a year for it. I mean coups are bad obviously, but nobody could stand and watch the country being burned to the ground by corruptions.
Due to corruption
Nice work, pls do maldivies, sri Lanka and brunei
Deserved more subscriber!!! I'm sorry for my comment not related to our topic. Keep it up guys thanks for free info...
Welcome to TANZANIA🇹🇿🇹🇿🇹🇿...Thailand also has Ombak
Oh crap, I though it’s from Hollywood !
Another masterpiece dude
@Tom Riddle umm yeah im his subscriber since he had 1k subs
Me again... U see... U give a good information again... Keep it up bruh!
Great job, respect Thailand from vn
Please make a video on Russia, Iran and Turkey 🙌
Turkey is in sad state, it has been under economic crisis and despite pleas, China and Russia do not want to help them because Turkey has constantly carried pan-Turkist imperialism with hope to separate Turkic and Muslim lands from China and Russia.
Iran is a 60% centralized country, and Iranian economy isn't free.
Russia is a country desperate for oil, gas and other resources; Russia simply doesn't have an economy. FIFA awarded Russia the 2018 World Cup to cover Russia's economic failures since Gianni Infantino is a corrupt pro-Russian puppet.
Sustainable economy theory is good for thailand because thailand can grow plants and dont worry about lacking of the food ,thailand is a agricutural and industrial country :) thailand is very peaceful country ...people,culture,architecture,art,natural resources ,the way of life,happiness,religion,unique,etc. I love thailand ....❤ 🔴⚪🔵🔵⚪🔴
They're making progress.
Yes Yes Yes Want to Know More about Chumphon to Ranong Land Bridge
The Land bridge project is just a knock off version of the Thai Canal... It is just there to stall time until the Thai Canal project can **finally** begin.
Can you please make a video on Morocco? It would be really nice since there aren't videos about it on TH-cam
Twenty years ago, exactly 20 years ago, the Vietnamese government encouraged businesses to compete with Thailand, we always consider Thailand's beautiful country as a standard to follow, I know Vietnam is poorer than Thailand. But we will try 🇻🇳❤🇹🇭🙏🙏🙏
Vietnam is catching up right now
Support from Thailand
You forget to mention one very inportant things about Thai economy. The shadow economy in Thailand is nearly half of it GDP the higest among large economy country, there are many other countries with the same issue but they are not as extreme as Thailand. many poor people here are not actually as poor as it seems but they just dont like to declare their true income and they also dont save their money in cash or even in the Bank , the rich are even more wealthier though.There are still those who is really poor and they totally need help but many are not suppose to get help at all. It's something that person from a develope countries wouldnt understand how it does work.
It’s so easy to avoid tax here.
My family runs 2 small hotels with the profit of prox 300k a month. We somehow declare the income of only 9k a month. I cant believe how many others do the same.
@@sorryIdontGetIt exactly !
When the Thais have enough money first thing they do is to buy land. Collecting land is the Rich’s hobby.
Thai ppl don't like depositing my cash in the bank. I like to buy land And earn huge profits When will sell for some in the next 10 years, while interest in banks hardly moves.
Keep up the good work. One day the youtube algorithm will bring the views and subs.
The name of this video is the name I’ve thought about if there will be a video about Thai economy. Thai economy is more than tourism. Even it is a big part of the GDP, only tourism cannot make Thailand become the middle - income country. Thailand had to develop the industry to bring the wealth and investment to the country, so the Thai economy is about the industry and tourism like in other country, not just the tourism as many people understand.
I live in Bangkok and invest in Thailand's economy. The only concern for me is ease of ability to move capital outside the country. I have heard of stories where foreigners have been charged with money laundering when they legally tried to move their money out after say, selling their condos. Anyway, as Indians are given tax breaks for capital gains investments along with several other countries, I feel comfortable investing.
And yes, I think Thailand and Thai people have a bright future ahead, as long as they diversify and innovate.
Please do Australia next!
Cool
Finally my request is blessed, this video is what I'm waiting for. btw I recently subscribe this channel
As I am Thai, I am thankful to you on briefly clip about Thai economy. I has seen many aspects that I have never seen from you. In Thailand, Everyone are really working hard to survive each day through traffic congestion, crimes, etc. Then, some of people blame on government fault to make country to become worse. Surely, it is about minimum wages. I really understand more after watching your clip.
Moreover, the Thai canal is two-edged sword to be Thai and ASEAN game-changer in the future because our country usually have a army structure conflict and we are trying to use our resources to strengthen army as much as possible to deal with two superpower, USA and China.
For me, the real game changer is Thailand 4.0 mega project+ EEC because this would make Thailand can catch up new trend by allowing private company from foreign company comes to set the factory to change EEC to be new zone that consists of many kinds of business from foreign funds.
P.L. This is all my thought about this clip. Anyway, thank you to make brief clip for Thailand.
Love Thailand .From Malaysian
They hate Malay people so much but what do Malay people know "extremely ignorant".
I am German and I have lived in Thailand for more than one year now. In my personal experience here in Bangkok, Thailand is far more technically and economically advanced than the statistics show. I can have a very luxurious life for a low amount of money as like in no other cheap country. Thailand is surrounded by very poor countries.
So knowing that Thailand has a decreasing FDI-rate and an unstable political situation, why is the Thai baht by far the strongest currency in South East Asia already for years???
conservative monetary policy paired with a trade account surplus creates high confidence, also low inflation levels. There'S a decreasing FDI rate, but indirect investment is on the rise.
Many want to buy baht. No so many want to sell baht.
@@Bhatmann That’s a very impressive answer to me. 😅😅😅😅😅
🇪🇺❤🇹🇭
They produce some great food and drink products.
i love you alty boiiiiii. here i come with no view yet~~~
Alty boiiiiiii!
Alty boiiiii
Despite this pandemic, I am very positive for the economy of the whole ASEAN region for the coming years to come. Love from the Philippines. 😉🙂👍
Sure 😁 ดีครับ
Could you please turn on automatic subtitles, thanks!
That should be showing now 👍
Do you do one video a week?
Pretty much! Aim for every saturday 👍
@@AltSimplified I'll keep that in mind, thank you. Enjoy the Poland video :D
Thailand has fallen into middle income trap. it has neither advanced industries nor good research abilities. it is a beautiful country but absolutely needs reforms and huge investments in R&D. Tourism can not save a country.
It's a fact that every Thai farmer's family has a truck to transport their agricultural produce. But the middle class of neighboring Thailand can only afford motorbikes and bicycles.
One of the key goals for Thailand 4.0 is to become a global hub for electric car manufacturing. Really curious to see how the government will make it happen. There are rumors that TESLA has been talking to both Thai and Indonesian governments.
The reason why Thai economy/FDI has not been so great recently is because we have been under military dictatorship government since 2013. The same prime minister for 7 years who clearly has no idea how to run a country.
You will see more curious that the Minister of Science and Technology said that Thailand will send a space shuttle around the moon in 7 years when they are not capable of making a missile ...
Thai economic was hit hard from covid but why Thai bath still strong ?
wait....
The government subsidy
@@feelingsensation2744 no gov in this world needs their currency becoming too strong. in contras they are trying to manipulate baht to being not too strong but they can't do that much as Thailand is in observing list of America gov. The reasons that make thai baht value is high because of strong in basic economy and foreign exchange reserve (#12).
@@feelingsensation2744 You cannot do that because you blending markets for your exports then America will put you in listed.
Our Asia our earth my brother Thailand congratulations
Yes. Please do on the Thai canal projecr. Thank you.
Make a video about Bangladesh economy.
can you do an episode on sri lanka
my biggest travel regret is choosing to visit Bali over Sri Lanka. Because the stupid internet connection kept rejecting my attempt to book a flight to Sri Lanka. So my next trip will definitely be Sri Lanka.
Can you make a video on the economics of an ageing population? We're struggling with this heavy in Germany.
Thanks for the comment. Sure! We'll add it to the list 👍
One of the best analysis I have seen so far about Thailand. You do it better than Thai academics, thought leaders or some international institutions.
Rice scheme and first car buyer is the most absurd policy ever. Not only it doesn’t make economic sense but think about global warming. Everyone should do public transportation as much as possible but the policy encouraged oil consumption in new graduates from university to buy car instead of investing on something more meaningful for their lives like houses. The rice policy was one of the biggest corruption in this country. The government at the time was also linked to families who owns companies making car parts. At the end of the day, both policies were related to the nasty corruption and cronyism which plague this country. At the time there were so many poor farmers committed suicide.
Would be interested to see you do an in-depth analysis of how Rice scheme policy destroys Thailand economy and people in agriculture. This will be an excellent example for other countries not to follow the fraudulent populist policy which politicians around the world use to get the passport to power.
In addition, the foreign investment barriers in Thailand also deserve a meticulous analysis in the time of Thailand EEC. Would love to see your take on that too.
In any event, salute to your excellent work 🎉
Make a video about economy from Latin American countries, please.
I think we should make a video about South Korean economy, one of the only few economies in the world to grow during COVID. South Korea is an amazing example here too.
I'm Korean, but we didn't grow. We have a minus growth in 2020, and luckily, just recorded less minus. It is Taiwan that has plus growth in 2020. Taiwan did well in both quarantine and economic growth.
To improve tourism industry in Thailand. The government launched the "Touring in Minor Cites" campaign to persuade Thai and foreign tourists to travel more to minor cities, moreover than Bangkok, Chiang Mai, Phuket and other major cities, to distributed the wealth to the minor cities. From my point of view, to fulfill this policy, there have to be more promotion and, like how to persuade more investors to invest more in other regions, there have to be more infrastructure development to the minor cities. When the infrastructure is well developed, there will be more investments and tourism in the minor cities.
First, they have to open the border. Cancel the 14 days isolation, then hopefully foreigners will come.
Also the problem of thailand is the fact that bangkok is exponentially bigger than its other cities which may make the country an authoritarian in the near future because of the income inequality within these regions in the near future, growing more so because of the fact that population decline is growing ever more sightly that can lead to ageing population dilemma... but hey that just a theory, an guy in the internet theory!
It's already Authoritarian with the Junta on the helm and stronger ties to China. Right now they're just wearing "Democracy" as a facade.
@@SickOfDemocracy My honorary declaration is...
It doesn't have ... The best political doctrine in the world. And there is no one the worst political governance in the world too.
Any political doctrine that politicians, professor, in many glorify brainwashing students:
Whatever Democracy, Communism, Electionism, Dictatorship, Socialism, Feudalism bla bla bla. Is the least evil in the universe.
All is lies lie ...
Because the truth is, whatever democracy, communism, dictatorship, electoralism, Feudalism etc. are just ...
"One form of political regime that is good for one type of social system In one moment only" ... !!!
The more important than political doctrine is..
1 Morality
2 Courage
3 Honesty
4 Sacrifice
5 Intelligence ... of those who will come to do administrative duties
Any political doctrine, If it is not able to produce a governing person that has all these five qualities, then, that political doctrine and government are all political doctrine and government that does not work at all.
# The Five Principles of the Five Precepts of the Governing Body Which is above every political and governing regime ...
Aristotle never say.
Plato never say
Socrates never say.
Carl Marx never say
Lenin never say
Trotsky never say etc.
never any mother fucker ancient scholars or any mother fucker philosopher in the history was said ...
But i am.
#Thasspong Thapsang
12 Jan 2018
#Hehehe ....
@@SickOfDemocracy it’s in the interest of all East Asian countries to deepen economic ties with one another. Good on Thailand for strengthening economic cooperation with Japan , Korea and the people’s Republic of China. 亚洲前进！
@@rhkoeneke People's Republic of China is a virus country.
You can't stop BKK from growing bigger and bigger it has been like this since the city establishment. BKK is a perfect hub location to be chosen. No, thai urban people are not that selfish. They also think of undeveloped rural people as the same nation. Lots of rural-remote area development project got the fund donated by urban people, not even to mention the royal rural development project of the late King Rama9.
You failed to mention that Thailand's population will start declining in 2025, which is bad for a developing country like Thailand.
And nowdays boy love boy is booming there😂
Hi Simon, thanks for the comment! Absolutely. We've mentioned demographics a bit in recent videos, but great point 👍
Maybe there social growth is faster than economic growth.
@Igor Senkin *the baltic states would like to know your location*
Maybe they married wrong gender??.. ehem, transformers, ehem.... while expecting imaginary child...
Thank you
1. Thailand have built every infrastructure (water supply, electricity, train, telephone, road, bank , ... etc)by themselves before 1900.
2. Thailand have built the entertainment industry and light industry before 1940 (pre WW2)
3. Thailand have built the heavy industry (car, electronics, ... etc) before1960 (post WW2)
4. Thailand have built express way and petroleum industry in the 80th
5. Thailand currency was attacked by George Soros in 1997. Thai companies were sold to American corp cheaply. Thai car companies were forced to sell to German and Japanese companies.
6. First Thailand's metro trains system were finished in 1999.
7. Populism policy such as "rice pledge" and " first car " create huge debt between 2000 - 2010
8. The rising of tourism industry because of American movie, Chinese movie and more Thai metro trains system after 2012.
Next. Thailand 4.0 ( Now, Thailand can achieve cashless society.)
George Soros is the only one person that All Thai People are most hated in entire history. Right now Thai people still curse him from what he did to Thailand in the last decades ago.
China already has cashless society long time ago
@@amirism91 Pretty easy to go out and eat, shop, etc in Thailand without cash now. Most street vendors are cashless as well... I don't think eliminating cash entirely is a good thing either.
Thais are the most industrious people in the world. My town have a sizable thai population almost every thai has a successful business.
The women in paticular seem to be excellent in business.