Showing 1 - 10 of 15
Thailand's central bank dependence
Oped, Thitinan Pongsudhirak, Published on 23/02/2024
» To proponents of central bank independence, the ongoing friction between Prime Minister and Finance Minister Srettha Thavisin and Bank of Thailand Governor Sethaput Suthiwartnarueput appears straightforward. The prime minister is putting unwarranted and unfair pressure on the central bank governor to spur the economy by loosening monetary policy and cutting interest rates. Yet, on closer scrutiny, the entrenched politicisation of central banking in Thailand may suggest otherwise. There is more than meets the eye in the politics of interest rate cuts.
The geopolitics of China's CPTPP move
Oped, Thitinan Pongsudhirak, Published on 03/12/2021
» Nowhere is the intersection between geopolitics and geoeconomics more evident than the accession negotiations under the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). At issue are three new applications for accession by the United Kingdom, China, and Taiwan. While the UK's candidacy alters the geographic crux of what has been Asia-Pacific trade liberalisation, China's and Taiwan's entry efforts represent a proxy showdown between the United States-led global order and 75-year-old alliance system versus Beijing's geostrategic ambitions and objectives.
Geoeconomic implications of Covid-19
Oped, Thitinan Pongsudhirak, Published on 26/06/2020
» The longer the coronavirus pandemic wends its way around the world, the more it takes on permanent features. As case infections still persist virulently, especially in the US, Brazil, Russia and India, states, societies and individuals are being forced to make adjustments. There will be winners and losers in the geoeconomic competition for market shares and supply chains. Those with more effective public health systems will stand in good stead with opportunities to re-emerge less scathed and better positioned to carry on, whereas others with less adequate health infrastructure will face more risks and disadvantages. For the first time in generations, health security has become the main determinant in the fate of nations and peoples.
Misguided myopia of asking the rich
Oped, Thitinan Pongsudhirak, Published on 24/04/2020
» Prime Minister Prayut Chan-o-cha's initiative to seek more cooperation and assistance from Thailand's 20 wealthiest billionaires is understandable. Thailand needs all the help it can get to handle and manage the social and economic ravages of the coronavirus (Covid-19) crisis. But making an appeal in writing from the top to the country's richest is short-sighted and misguided on many levels. It displays a government at the end of its tether and a leader who is being forced to own up to mismanaging the country for the past six years.
Superpower rivalry to put region to test
News, Thitinan Pongsudhirak, Published on 30/08/2019
» More than 18 months in, the trade war between the United States and China is not having its intended effects. Despite a flurry of US-led tariff hikes on Chinese products followed by China's retaliatory tax increases on American-made goods since January last year, the government of President Donald Trump is not perceived to be winning the trade conflict. China has proved more resilient and resourceful than many had anticipated. What this means is that the trade war is going to last much longer than many had expected. It is also likely to spread to other areas beyond trade and degenerate into a full-fledged non-military war.
Asia at risk of being its own worst enemy
News, Thitinan Pongsudhirak, Published on 31/08/2018
» The broad unravelling of the post-war liberal international system is no longer a matter of dispute. Its manifestations over the past decade from the disintegration of the Middle East as we knew it and the de-integration of the European Union with "Brexit" and anti-migration sentiment to the United States' unilateral turn against openness and liberal values so fundamental to its rise all testify to a murky and portentous international environment. Similarly, the global trading system no longer works like it used to as multilateral trade liberalisation has given way to plurilateral and bilateral free-trade agreements.
The passing of Banharn put in perspective
News, Thitinan Pongsudhirak, Published on 29/04/2016
» The passing of former prime minister Banharn Silpa-archa is cause for reflection of where Thai politics has been and where it is going. By definition, as a former Thai premier, Banharn was a very important person. Yet the praise being heaped on him by many, including leaders of the current government, for his achievements and ostensibly glowing legacy, are both superficial and hypocritical.
Asia-Pacific consequences of global disorder
News, Thitinan Pongsudhirak, Published on 21/08/2015
» As the rules and institutions that were crafted after the Second World War increasingly unravel, tensions and fissures in the global system will become more salient.
TIP shows a Thai-US alliance under strain
News, Thitinan Pongsudhirak, Published on 31/07/2015
» That Thailand has remained on the United States' Tier 3 in Trafficking in Persons list is unsurprising. Even the government of Gen Prayut Chan-ocha has accepted the Tier 3 designation with resignation in the hope of an upgrade in future. What is more interesting is the trend in Thai-US relations over the past decade.
Real integration action in mainland SE Asia
News, Thitinan Pongsudhirak, Published on 15/05/2015
» Those caught up in the hype over the Asean Community (AC) and its three pillars of political-security (APSC), economic (AEC) and socio-cultural (ASCC) by end 2015 are fixated on the wrong places. Integration from connectivity, where borders are proving increasingly irrelevant, is happening less on paper and more on the ground in mainland of Southeast Asia. Beyond the agreements and scorecards of the AC, mainland Southeast Asia is where real integration will take place.