LIFE

Putting financial catastrophe on display

Life, Kanin Srimaneekulroj, Published on 15/03/2017

» Can you imagine, Thailand's economy was once recognised by World Bank as the fastest-growing in the world? As tough as it is for younger generations to comprehend, those older than 35 remember a better, more hopeful time for Thailand, tipped to become the Fifth Tiger of Asia, poised to join Hong Kong, Singapore, South Korea and Taiwan as Asia's leading economies. Our national economy grew 8-13% annually for a decade between 1985 to 1996, and the income of the average Thai citizen was three times that of someone in China.