Showing 1 - 10 of 88
Thailand's era of economic stagnation
Oped, Thitinan Pongsudhirak, Published on 05/07/2024
» After two decades of political instability and turmoil, it was a matter of time before the Thai economy would exhibit signs of distress and desperation. For decades, the Thai economy has proved resilient with an uncanny knack for bouncing back. But Teflon Thailand may have become a thing of the past. Headlines on the Thai economy have been heading south precipitously. Unless fundamental political reforms take place, Thailand will likely enter a period of low and plateaued growth with risks of grinding stagnation.
Thailand's Brics move is misguided
Oped, Thitinan Pongsudhirak, Published on 21/06/2024
» There are two main explanations behind Thailand's application to join the Brics group, initially comprising Brazil, Russia, India, China, and South Africa.
Reshuffle cements Srettha's grip
News, Thitinan Pongsudhirak, Published on 06/05/2024
» After eight months at the helm, Prime Minister Srettha Thavisin staged a much-anticipated cabinet reshuffle with unexpected drama and unsurprising consolidation. As head of a coalition government, Mr Srettha appears more "prime ministerial" as the reshuffle has strengthened his hand to implement the ruling Pheu Thai Party's flagship policies.
Thailand between the US and China
Oped, Thitinan Pongsudhirak, Published on 29/03/2024
» Amid what now has to be acknowledged as a direct non-military conflict and a geoeconomic war of sorts between the United States and China, Thailand is in a quandary. While characterising Thailand's geostrategic dilemma as a US-China binary can be exaggerated and misleading, it does have a point. As with many other developing countries in the region, Thailand will come under increasing pressure to choose between the two competing superpowers. The ability not to choose thus becomes an overarching geostrategic objective.
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.
Digital wallet should be implemented
Oped, Thitinan Pongsudhirak, Published on 16/02/2024
» The big debate in Thailand's current economic policy planning is whether the economy is facing a crisis or not. The government of Prime Minister Srettha Thavisin, who doubles as finance minister, has contended that there is an economic crisis in dire need of both monetary policy loosening and fiscal stimulus, particularly the 500-billion-baht digital wallet scheme. The Bank of Thailand, supported by a clique of economists apparently critical of the government's "populist" policy measures, asserts otherwise that an economic recovery is in progress without the need to lower the benchmark repurchase rate.
The continuing crisis of Thai democracy
Oped, Thitinan Pongsudhirak, Published on 11/08/2023
» The prolonged volatility and instability in Thai politics attest to a continuing crisis of democracy since the military coup in September 2006. It is characterised by the nature, direction and duration of government after an election. Unless the poll-topping political party is backed by the conservative military-authoritarian regime, it is either not allowed to take power or gets overthrown while in office before completing its term. This crisis of Thai democracy has now persisted since the May 14 poll, as the formation of the next government remains stuck in a stalemate.
Thai elections without democracy
Oped, Thitinan Pongsudhirak, Published on 14/07/2023
» Although it may come across as dramatic and unprecedented, Move Forward Party (MFP) leader Pita Limjaroenrat’s ordeal in trying to take office as prime minister after winning the May 14 election is par for the course in Thai politics over the past two decades.
Apec's geopolitics and geoeconomics
Oped, Thitinan Pongsudhirak, Published on 11/11/2022
» The upcoming leaders' meeting in Bangkok among the 21 member economies of the Asia-Pacific Economic Cooperation (Apec) should be seen in conjunction with its preceding Asean-related summits in the Cambodian capital of Phnom Penh and the G20 summit in Bali, the Indonesian island resort. This one-two-three combination in three Southeast Asian countries over a ten-day period is supposed to showcase Asean's central role in the promotion of peace, security and prosperity in the region and the wider world. But as Asean's summit season gets underway in Cambodia, excitement and promise have given way to anxieties and apprehensions. While these summit talks are an extraordinary opportunity to tone down geopolitical temperatures and geoeconomic competition, they are likely to yield mixed results.
Thai sovereignty is not for abuse
Oped, Thitinan Pongsudhirak, Published on 28/10/2022
» Thailand's dramatic and damaging shift in position towards Russia's aggression in Ukraine raises myriad questions with few answers -- none holding any water.