FRIDAY, March 29, 2024
nationthailand

Foreign investors are circling Thailand like sharks

Foreign investors are circling Thailand like sharks

Re: "Thailand becoming a flyover state for foreign investors", Letters, November 5.

Who is George Morgan and what is his agenda? The headline of his letter is likely only wishful thinking. They will never “fly over” but will in fact keep hammering away at Thailand because there is potential profit in it.
What is “foreign investment” and how does it manifest itself? Does it result in joint agricultural ventures? Almost never. Does it result in joint tourism ventures? Only seldom. Does it result in more industry and large retail operations? Almost always.
George himself said the following in his missive: “At best, Thailand will be a mere rest and recreation centre.” (My italics.) I am struggling to understand what is wrong with that potential scenario.
To the carpetbaggers who come here disguised as “representatives” or “consultants”, I can only say that you should leave this country alone to pursue what it was created for. Healthy agricultural results in avoidance of over-industrialisation, beautiful scenery brings tourism benefits. Hawaii seems to have done well for itself sticking to that formula, why shouldn’t Thailand?
John Arnone

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