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BANGKOK 18 April 2019 20:27
Jonathan Fairfield

Farang husbands providing massive boost to Isaan economy

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Finally I learned where they breed lonely old men turning into customers:

most foreign men marrying women from north east Thailand came from the United Kingdom, Netherlands, Germany, Sweden and Switzerland.

Americans know better!! No new house for the G/F, no new "Family" Store, and last but not least, no new Pickup for daddy.thumbsup.gif

Ok to have some fun, but don't be a fool as seen here many times on TV.clap2.gif

Plenty of guys from the states up north with families.

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I am married to a thailady from Isaan.....I am a provider to the Isaan-region.....I have spent bog Money for many years, but...

will I get something back from Thailand ???? No....absolutely not !! Please give me a lengthy VISA without hassle....give me the right to own laand in my very own name.....PLEASE !!!

But we do have one year extensions or Multo O visas. Why do you want to own some farm land that has no much value or the family would not sell it. Important is for every Dollar you invest in Isaan you invest a Dollar in your name, be it a car, condo or whatsoever. We still can stuck a lot of money overseas.

I have 350,000 US$ stucked overseas which is only accessible to me. Even if I allowed to own land it wouldn't make a difference as I keep those funds offshore.

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L-O-L, cha-ching, cha-ching ... whod've thought that ...

Keep on paying in brothers, for the sake of this very nation ...

... and always watch your 6 i should have added perhaps ...

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And thete are the vets doing well tending sick buffalo, at farang prices. That would boost the economy even further.

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Very interesting.

These figures are huge!

I wonder what Isaan would be like without all this funding from Farangs?

Same, same, but different.'

During the world-wide colonial period, the foreign presence was also claimed to be so beneficial to those having their economies exploited. Later accounting of the impact on those populations and their economies wasn't quite as rosy as once proclaimed ... except for the haul made by those who were doing the exploiting. Most of the "beneficiaries" of that period have never recovered.

“History Would be Something Extraordinary, if Only it Were True” –Tolstoy

The Brits may well be guilty of milking under developed countries, but their legacy was always a decent infrastructure (railway, roads, pluming that actually worked and an agricultural system); it only takes someone like Robert Mugabe to <deleted> it up!

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So as you have all the figures, Can you advise how much of these trillions are distributed to the Isaan population and by what means. I am sure the 9 billion goes to many of them directly. and a fair bit indirectly

Huh ?

The "trillions" noted in my figures are not distributed to the Isaan population. That is my estimate of how much the Isaan population, as a whole, contributes to the Thai Gross Domestic Product (GDP), based on the information I could glean from the internet.

The "almost 9 billion" (or 8.666 billion in the original article) is what the study estimates foreign husbands (and/or their Thai wives) contribute to the GDP through their spending.

Obviously they don't break down exactly how that money goes from "foreign husband" to individual Isaan resident, just like they don't try to break down which "foreign husbands" spend more than others. Guys buy a house/truck/car/buffalo. Pays internet/electricity/water bills. Gives money to the wife. She buys groceries, goes to the salon, gives to her "brother" or other family members. They buy whatever, spend wherever. Shopkeepers/retailers/vendors get that money and pay salaries, buy stuff, pay their own bills, etc.

I'm sure the Uni gathered whatever information they could from public records and possibly various surveys in the area, extrapolated some numbers based on averages, multiplied by the estimated number of foreigners living in the region and came up with some fairly reasonable figures.

I took the "almost 9 billion" number and divided it by the estimated population of Isaan to see how it would average out, so you could have an idea of just how "massive" the boost is.

As it turns out, it's only the equivalent of about 410 baht per person, per year, so not exactly what I would consider a "massive" boost to the economy, when that number doesn't even equal the equivalent of 2 days of minimum wage.

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I am married to a thailady from Isaan.....I am a provider to the Isaan-region.....I have spent bog Money for many years, but...

will I get something back from Thailand ???? No....absolutely not !! Please give me a lengthy VISA without hassle....give me the right to own laand in my very own name.....PLEASE !!!

But we do have one year extensions or Multo O visas. Why do you want to own some farm land that has no much value or the family would not sell it. Important is for every Dollar you invest in Isaan you invest a Dollar in your name, be it a car, condo or whatsoever. We still can stuck a lot of money overseas.

I have 350,000 US$ stucked overseas which is only accessible to me. Even if I allowed to own land it wouldn't make a difference as I keep those funds offshore.

Its the governments lack of appreciation in making us jump through hoops every time that bugs so many foreigners.

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i can understand looking after the wife and mum and dad,what i cant get over, is all the bloody hangers on, sisters/brothers/aunt/uncles, what is that shit about, its just a total farce. yep i spend my 10,000 on ME, and more,

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How about the farang wives of Issan men? But this might contradict the image of the income generating husband...

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!!!! MUGS !!!! cheesy.gifwacko.png

And some Farang's still argue that they are not wanted for their money

I can hear it now she loves me it's not my money she's after

cheesy.gifcheesy.gif

There is an alternative.......pi$$ your money up against a wall,

spend it on one nightstands with Thai hookers who's name they can't remember the next day

and end up alone and miserable like you

Edited by Tanlic

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On another quick note , why don't the Uni do a survey here on the number of hookers, not just the majority ,who are from the North but from all over.

They all know it exists, but would the Govt welcome it ?

Doubt it somehow, the figures would be staggering, in Pattaya alone, it would make up for a massive percentage of girls , let say, over 20 yrs from Issan .

Then we have Bkk, eh, out off a total of 67 mil people the figure would be off the scale .

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Is this a new study?

Or a rehash of one a couple of years old? The thread on TV went 15 or so pages as it would on this topic.

As an aside, the Philippine government acknowledges that money sent home by overseas citizens and former citizens represent almost 10% of GBP (about the same as the tourist industry is worth to the Thai GDP). This includes overseas workers as well as those who have married and moved away.

Situation is very different for the Philippines. The country literally depends on OFWs and their remittances... huge number of citizens working abroad. Not true of Thailand. In fact, some countries (like Singapore) actively seek out Filipinos as workers while excluding Thais from doing the same work. [in Singapore, most maids are Filipino while Thais are prohibited from being maids].

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Is this a new study?

Or a rehash of one a couple of years old? The thread on TV went 15 or so pages as it would on this topic.

As an aside, the Philippine government acknowledges that money sent home by overseas citizens and former citizens represent almost 10% of GBP (about the same as the tourist industry is worth to the Thai GDP). This includes overseas workers as well as those who have married and moved away.

We had a number of Filipino workers here over the years. We were required to send 70% of their salary directly to their bank in the Philippines. They could draw up to 30% of their pay in country if they so chose. Their government could also dictate where they could, and couldn't, work and prevent them from leaving the country if it looked like they were heading to a banned country.

As for the contribution foreigners make to the Isaan economy, we'd need to see what the GDP is for that area in order to determine if this amount represents that large of a contribution. I recall crunching some numbers not long ago to try and determine the overall contribution "long term" stayers had on the Thai economy as a whole, and it turns out they were nowhere near the "economic" force they thought they were.

9 billion is a large number of course, but needs to be taken in context. For example "Although Isaan accounts for around a third of Thailand’s population and a third of its area, it produces only 8.9% of GDP. Its economy grew at 6.2% per annum during the 1990s."

The latest numbers I see show the Thai GDP as - THB11.375 trillion (USD366 billion)(2012). If you attribute 10% of that to coming from Isaan that means the whole contribution from the region is about 1.14 trillion.

9 billion from foreigners would represent about 0.79 % of that total.

To put it another way, Isaan has a population of approx 22 million. 9 billion would equal about 410 baht per person (per year). Not exactly earth-shattering.

A dramatic, massive boost, nonetheless.

Edited by aboctok

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Why, they are getting too rich. Have to make the visa and extension rules harder.

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