Report says extreme poverty is mostly goneA World Bank report on the 'East Asian Miracle' lauds Thailand for basically wiping out extreme poverty while fostering a large middle class. (Photo via Worldbank.org)Thailand is grouped among "progressive prosperity" countries that have largely eliminated extreme poverty and fostered a large middle class, says the World Bank. The first priority is to satisfy the middle classes' growing aspirations and demands for quality public services, including in health and education, which will support continued upward mobility, said the report. The second priority is to enact reforms that narrow the rural-urban and cross-regional disparities in economic and social development, which in turn will require increased or more efficient resource mobilisation. Low-income earners are defined by the Finance Ministry as those who earn less than 100,000 baht a year.

Source: Bangkok Post December 07, 2017 21:22 UTC