World Touch
THAILAND: World’s Most Unequal Nation
Thailand enjoys the dubious distinction of being the world’s most unequal nation, the deadliest country in ASEAN for road accidents, and one of the Asian nations with the highest level of gun-related murders, according to recent studies.
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Mar 2019In a nation of 69 million, according to the Swiss investment firm Credit Suisse’s newly released Global Wealth Databook, the richest one percent owns two-thirds of the country’s wealth.
“Thailand has experienced rapid growth and a structural transformation since the 1950s,” says Wannaphong Durongkaveroj, a PhD candidate in economics at the Australian National University in Canberra. “However, Thailand has also experienced growth without equity.”