OPINION

Signs and symptoms of Thai stagnation

Oped, Thitinan Pongsudhirak, Published on 18/07/2025

» That Thailand is faring poorly in the world is no longer in dispute. Not so long ago, many were in denial and adamant that Thailand could still bring a good game to engage abroad, that "Teflon" Thailand could bounce back. Now, just about all indicators are pointing south. The causes of this country's decline and stagnation are not singular but multifaceted over a two-decade period. As Thailand's situation is likely to worsen before hopes for a better future can arise, it is instructive to start counting the costs.