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Hal65

Will Thailand break out of middile income status?

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whats the middle income bar set at this week ?

 

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Compared to only 10 years ago, many Thais have managed to elevate themselfes "into the middle class". And looking at the astonishing number of really expensive cars, I must conclude that a great number of Thai's have managed to elevate themselves far above "middle class".


As opposed to European dwellers, fighting to remain in "the middle class".


- Keen observers have long discovered that "the future" will take place in Asia and certainly not in Europe/US.


Next question: Why is it that "asian currencies" are gaining against "western currencies"?
What could possibly be the reason? The services of a clairvoyant are not needed, I insist.

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13 hours ago, CNXexpat said:

Not in Thailand also. It was a 2nd world country 15 years ago, it´s a 2nd world country today and it will be still a 2nd world country in 15 years. Vietnam is growing much faster, Myanmar will take many of the tourists and at the end the corruption, the low education and the inept politicians will do the rest. 

 

Mostly thanks corruption.

What's a second world country for goodness sake, a country that was once controlled by the Soviet Union is the literal definition.

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