Showing 1 - 4 of 4
Only the young can change Thailand
Oped, Thitinan Pongsudhirak, Published on 09/06/2023
» If the past two decades of Thai politics has been about populism and colour-coded conflicts between the yellow-shirted pro-establishment forces against the red shirts aligned with ousted former prime minister Thaksin Shinawatra, the foreseeable future will likely be about structural reforms and a generational clash between the age-old established centres of power against young Thais who are rising up to determine their country's future directions. It is unsurprising that only younger Thais can change Thailand because their old compatriots have too much at stake and too many vested interests in the entrenched and deeply embedded status quo.
Correcting the pandemic policy tack
Oped, Thitinan Pongsudhirak, Published on 30/07/2021
» That Thailand's coronavirus pandemic has been grossly mismanaged is self-evident. Infection rates have soared to new highs this month while vaccine availability and access remain shoddy and abysmal. The overstretched healthcare system is creaking under growing demand, while several scenes so far of Covid-afflicted people being left to die on the streets have shaken the country's collective morale and elicited soul-searching questions about how Thailand has managed to reach this dire juncture.
Undue politicisation at finance and BoT
Oped, Thitinan Pongsudhirak, Published on 03/07/2020
» Thailand's economic growth projections continue to head south as the coronavirus crisis unfolds in the second half of the year. In its most recent forecast, the Bank of Thailand anticipates a sharp contraction of 8.1% this year, worse than the 5.3% it predicted in March. Downside macroeconomic risks are substantial as the Covid-19 pandemic could still degenerate and cause further global health and economic havoc. In this dire environment, Thailand will need steady and seasoned hands to oversee macroeconomic levers. Yet both the finance ministry portfolio and the BoT governorship now face uncertainty and potential politicisation that bode ill for effective and autonomous fiscal and monetary policies.
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.