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Search Result for “Federal Reserve”

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OPINION

Myanmar's robbery of a democracy

Oped, Thitinan Pongsudhirak, Published on 24/04/2026

» Five long years after Myanmar's military seized power on 1 Feb 2021, what has taken place in recent weeks amounts to a delayed fait accompli. Led by Senior General Min Aung Hlaing, then commander-in-chief of the armed forces, the coup diverged from its traditional playbook seen in 1962 and 1988, when tanks rolled and the military ruled by brute force. This time, the takeover nearly unravelled amid a nationwide uprising that evolved into a civil war, waged by an armed and determined resistance comprising the civilian-led National Unity Government (NUG), the People's Defence Forces (PDFs), and a constellation of Ethnic Armed Organisations (EAOs).

OPINION

Indonesia leads Asean into Brics+

Oped, Thitinan Pongsudhirak, Published on 17/01/2025

» As the new year gets underway with the looming re-inauguration of United States President Donald J Trump, countries and entire regions are having to manoeuvre and realign in view of an accelerated breakdown of the post-Second World War rules-based liberal international order.

OPINION

Two issues at stake in US president race

Oped, Thitinan Pongsudhirak, Published on 01/11/2024

» As the quadrennial presidential contest in the United States reaches its conclusion next week, the two fundamental and entwined issues at stake are how America sees itself at home and how its consequent role abroad ought to be. This is not the first time these soul-searching questions are determining who gets to rule the country, but they are a recent phenomenon. Beyond them, the rest are merely theatre, money, and manoeuvres that underpin any major election spectacle.

OPINION

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.

OPINION

Myanmar revolts against dictatorship

Oped, Thitinan Pongsudhirak, Published on 02/02/2024

» When Myanmar's military coup took place three years ago, few thought it would turn out this way. Never has a military in Southeast Asia staged a successful coup and then failed to consolidate power afterwards. Yet this is precisely what's happening in Myanmar. A fierce and determined coalition of resistance forces is in the process of prevailing over Myanmar's battle-hardened army.

OPINION

Reversing Myanmar's internal strife

Oped, Thitinan Pongsudhirak, Published on 10/02/2023

» This month marks two anniversaries of ongoing conflicts in Europe and Southeast Asia, namely 12 months after Russia invaded Ukraine and two years since Myanmar's military seized power by toppling a democratically elected and civilian-led government under Aung San Suu Kyi.

OPINION

Cambodia and Laos in the regional mix

Oped, Thitinan Pongsudhirak, Published on 30/09/2022

» As geopolitical tensions from Russian aggression in Ukraine and the ongoing United States-China rivalry intensify, Southeast Asia will be hard-pressed to maintain peace and security. Despite their relatively small size, Cambodia and Laos are two countries whose political trajectories will shape regional outcomes. While Cambodia has consolidated domestic political power with dynamic economic expansion, Laos is looking like a regional laggard facing a deep debt crisis. As Cambodia moves forward, Laos is at risk of being left behind.

OPINION

Values agenda back in US foreign policy

Oped, Thitinan Pongsudhirak, Published on 29/01/2021

» No presidential transition in the United States is likely to prove more abrupt and dramatic as between former President Donald Trump and newly elected President Joe Biden. Within minutes of formally taking office, Mr Biden signed a slew of executive orders, formalised a policymaking team, and reset the course of domestic and foreign policies. In reversing Mr Trump's nationalist, unilateralist posture and relaunching internationalism and multilateralism, Mr Biden is rebalancing US interests and values. His arrival at the White House is not as much about "America is back" on the global stage but more about "values are back in American foreign policy".

OPINION

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.

OPINION

Belt and Road is China's 'manifest destiny'

News, Thitinan Pongsudhirak, Published on 07/09/2018

» No national project of global reach carries as much stake and attracts as much attention as China's Belt and Road Initiative (BRI). Conceived in 2013, the BRI is the colossal brainchild of President Xi Jinping and his government.