Showing 81 - 90 of 248
Where Northeast, Southeast Asia meet
News, Thitinan Pongsudhirak, Published on 13/12/2019
» That the post-Second World War liberal international order is unravelling is no longer in dispute. While there are ongoing issues and challenges about how and to what extent the incumbent rules-based international order that has been so beneficial to so many nations and peoples in their course of economic development can still be maintained, there is broad agreement that the international system as we know it has run its course.
RCEP without India poses new hurdles
News, Thitinan Pongsudhirak, Published on 08/11/2019
» On the face of it, the Regional Comprehensive Economic Partnership is an Indo-Pacific trade pact that would shore up the stalled world trade liberalisation and stem the rising tide of protectionism in the global economy. India's withdrawal from the RCEP -- whose other 15 members comprise the 10 Asean economies along with China, Japan, South Korea, Australia and New Zealand -- is a major setback, posing new challenges for the Asean-centred trade bloc. Asean should persuade India to return to the RCEP fold, while preparing for a much less promising RCEP15 as second-best outcome.
Thai chairmanship ends on upbeat note
News, Thitinan Pongsudhirak, Published on 01/11/2019
» Just as Thailand's chairmanship of Asean is about to end and a flurry of Asean-related summits are about to transpire, this year has been more eventful for Southeast Asia's 10-member grouping than anticipated. Despite its domestic constraints, Thailand has managed to steer the sometimes unwieldy ship of Asean with limited propulsion and direction. If Vietnam as the next chair can build on momentum from this year, Asean might just be able to regain and reboot its role in the near term as the de facto bridge, broker and buffer for the wider Indo-Pacific region, notwithstanding its usual warts and flaws.
Developing by managing demographics
News, Thitinan Pongsudhirak, Published on 27/09/2019
» Once upon a time, it was feared that the earth would become overcrowded and its inhabitants unable to find enough to eat. This fear has not only proved unfounded but it has gone in the opposite direction. What almost every nation fears now is a decline in inhabitants as the birth rate cannot keep up with the longevity of the aged and elderly, imposing unsustainable burdens on working-age segments of the population. Every region is afflicted with this demographic predicament, especially in affluent societies where the birth rate decline is acute, such as Japan.
Politics of regional trade liberalisation
News, Thitinan Pongsudhirak, Published on 20/09/2019
» As multilateral trade negotiations have become unworkable, regional and bilateral alternatives are on the rise. In Thailand's neighbourhood, the most consequential of these trade vehicles is the Regional Comprehensive Economic Partnership (RCEP). As it missed the boat on the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), Thailand as Asean chair this year should finalise the RCEP expeditiously and find a way to accede to the CPTPP in the near future. Although the Thai political situation remains murky and contentious, there is enough domestic policy consensus on low-hanging fruits, such as regional and bilateral trade liberalisation, that should be reaped without further delay.
Asean militaries between US, China
News, Thitinan Pongsudhirak, Published on 06/09/2019
» The inaugural Asean-United States Maritime Exercise (AUMX) this week has sent ripples far and wide to the shores of regional states from Beijing and Tokyo to New Delhi. Hosted by Thailand at its Sattahip naval base in Chon Buri province, the first AUMX comes nearly a year after Asean held a similar maritime drill with China off the coast of Guangdong province. At issue is the intensifying rivalry between the US and China on the one hand and Asean's centrality and geopolitical balance between the two superpowers on the other. Several implications are discernible.
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.
Central bank autonomy must be upheld
News, Thitinan Pongsudhirak, Published on 16/08/2019
» When elected governments make noises about economic growth in countries where macroeconomic management is sound and prudent, central bankers tend to quietly bristle and brush off such interference and infringement of monetary space at their own risk. In so doing, central bankers tend to enjoy the support of domestic and international market participants who value central bank independence more than politicians' vested interests, even if it sometimes undercuts their bottom lines. Accordingly, when central bankers go along with the preferences of elected politicians, the conduct of monetary policy comes into question.
Give parliamentary politics a chance
News, Thitinan Pongsudhirak, Published on 26/07/2019
» After a five-year hiatus, parliamentary politics returns this week with a constitutionally mandated policy statement by the coalition government of Prime Minister Prayut Chan-o-cha. With government and opposition back at work again, in contrast to the previous military-appointed rubber-stamp legislature under junta rule, Thailand has yet another small window of opportunity to regain and rebuild popular rule.
The cabinet's composition and direction
News, Thitinan Pongsudhirak, Published on 19/07/2019
» With Thailand's new post-election cabinet members poised to to start work after being sworn in, it is instructive to look at how they have been assembled based on patron-client ties and vested interests. Because it contains unsavoury individuals with shady pasts, this cabinet is unlikely to last long but the political longevity of its leader, former junta chairman and still Prime Minister Prayut Chan-o-cha, may endure longer than many would expect from such a fragile, fractious coalition government.