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Global disarray as institutions falter
News, Thitinan Pongsudhirak, Published on 17/08/2015
» The international system as we know it is unravelling. Rules and institutions that were set up seven decades ago no longer hold the same weight and authority as they used to. As we grapple with an exacerbating global disorder, established powers and players and old rules and institutions need to be revamped and reinvented to accommodate new realities. Otherwise global tensions will mount, most probably accompanied by confrontation and conflict.
Discipline key to avoiding financial crisis
News, Thitinan Pongsudhirak, Published on 24/07/2015
» Without exception, financial blow-ups require commensurate bailouts. The stories across global financial crises are fundamentally similar, and the ensuing blame game the same, from Greece's ongoing turmoil to Thailand's implosion almost two decades ago. Notwithstanding countless post-mortems so far and those on the way, the inescapable and essential lessons from the Greek debacle are simple: Beware of indebtedness, and incur debt with discipline.