Over the last 35 years we have been one of the most economically successful countries in the so-called developing world. From 1985 to 1995 we were the world’s fastest growing, free-market economy.
Economic statistics tell us that the average annual income for each Thai has increased from Baht 2,100 or 84 US dollars in 1961 to nearly Baht 75,000 or 3,000 US dollars today.
Our miracle economic performance has only benefitted a minority of the Thai people. Some 20 million Thais are a lot better off today but 40 million, the majority, have been left behind by this miracle.
Of all so-called developing countries Thailand now ranks in the top five in terms of income inequality. The proportion of the country’s wealth owned by the richest 20% compared with that owned by the poorest 20% shows one of the greatest income inequalities of any country in the world.
https://www.scribd.com/document/711034653/1995-Sukavich-Rangsitpol-s-Thailand-Education-Revolution
My Father Sukavich Rangsitpol
Economic statistics tell us that the average annual income for each Thai has increased from Baht 2,100 or 84 US dollars in 1961 to nearly Baht 75,000 or 3,000 US dollars today.
Our miracle economic performance has only benefitted a minority of the Thai people. Some 20 million Thais are a lot better off today but 40 million, the majority, have been left behind by this miracle.
Of all so-called developing countries Thailand now ranks in the top five in terms of income inequality. The proportion of the country’s wealth owned by the richest 20% compared with that owned by the poorest 20% shows one of the greatest income inequalities of any country in the world.
https://www.scribd.com/document/711034653/1995-Sukavich-Rangsitpol-s-Thailand-Education-Revolution