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Search Result for “account deficit”

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OPINION

Implications of conservative triumph

Oped, Thitinan Pongsudhirak, Published on 13/02/2026

» The incumbent and conservative Bhumjaithai (BJT) Party has surprisingly swept Thailand's Feb 8 election with a commanding win. With the previously poll-leading and progressive People's Party (PP) coming in a distant second, Thailand appears headed for a conservative coalition government revolving around BJT and like-minded junior partners. Known for its conservative stance and being pro-status quo, it would not be surprising if the BJT-led coalition government, led by Prime Minister-elect Anutin Charnvirakul, were not challenged by the Constitutional Court, the Election Commission, and other supervisory agencies, which have derailed and dissolved reform-minded winning parties in the past.

OPINION

Domestic drivers of bilateral conflict

News, Thitinan Pongsudhirak, Published on 19/12/2025

» The latest flare-up and intensification of the armed conflict between Thailand and Cambodia should be understood less as a new crisis and more as a resumption of a bilateral clash that erupted in late July.

OPINION

Thailand needs a geostrategic rebalance

Oped, Thitinan Pongsudhirak, Published on 06/06/2025

» With two military coups and multiple judicial interventions that combined to subvert election results and weaken democratic institutions over the past two decades, it is unsurprising that Thailand's geostrategic position has leaned increasingly towards China. Naturally, the more Thailand becomes autocratic, the more it will be estranged from established democracies in Europe and North America, as well as Japan and South Korea, with nowhere to turn but to Beijing. But this China orientation is a geostrategic mistake at this time. Thailand should correct its course until clearer signs emerge as to which side of the superpower struggle will come out on top.

OPINION

Thailand's false sense of tariff security

Oped, Thitinan Pongsudhirak, Published on 30/05/2025

» Thailand is in deeper trouble among its peer group in view of United States President Donald Trump's tariff offensive. Yet senior Thai officials appear nonchalant, complacent and smug. They seem to think Thailand will come out of the US tariff war in good shape as the Trump administration will prove unable to go through with its hefty import duties. The domestic political battle between the US executive and judicial branch -- with the Court of International Trade's injunction this week on most of the Trump tariffs -- further adds to the absurd sense of security and false perception of Thailand's importance by Thai officials.

OPINION

A perilous era of absolute advantage

News, Thitinan Pongsudhirak, Published on 25/04/2025

» If a date had to be pinpointed, the post-Second World War international system came to an unmistakable end on April 2 -- the so-called "Liberation Day" -- when US President Donald Trump announced comprehensive "reciprocal" tariffs to a bewildered global audience. The blatantly protectionist move was equivalent to the United States' abrogation and abandonment of the rules-based international order that it ironically and instrumentally constructed and upheld over nearly eight decades. What comes now is a dangerous era of absolute advantage in global trade, investment, and finance, bent on unilateralism over multilateralism, competition over cooperation, nationalism over interdependence, and the singular quest to dominate and reshape the global pecking order under the rubric of making America "great again".

OPINION

Thailand lags in the global trade war

Oped, Thitinan Pongsudhirak, Published on 11/04/2025

» Thailand is fast isolating itself from the international community and falling behind in the emerging geoeconomic warfare to the detriment of its economy and people. The elected government of Prime Minister Paetongtarn Shinawatra is ironically coming up with outcomes that resemble those of the military administration a decade ago. Thailand must now move quickly to contain policy damage and restore its international standing to navigate and come out of the intensifying geoeconomic war in as decent a shape as possible.

OPINION

Tolerating populism for democracy

Oped, Thitinan Pongsudhirak, Published on 13/10/2023

» The so-called “super deal” in August that resulted in the return of Thaksin Shinawatra and the formation of the Pheu Thai Party-led coalition government under Srettha Thavisin evidently has its limitations. It appears to be rejected by sections of the conservative old guard who still wants to resort to extra-parliamentary ways and means to undermine Thailand’s delicate parliamentary democracy. Reminiscent of past protests against Mr Thaksin’s brand of populism, a new round of extra-parliamentary political movement has begun in earnest with the petition launched by 99 prominent economists, including former central bank governors, against the Srettha government’s 10,000-baht digital wallet policy.

OPINION

Charter a straitjacket on democracy

Oped, Thitinan Pongsudhirak, Published on 19/05/2023

» The military-appointed constitution drafting committee that was set up after the coup in 2014 surely knew what it was doing. It crafted a charter in 2017 that now acts as a straitjacket on Thailand's democratic outcome from the general election last Sunday.

OPINION

Potential tricks and results in Thai poll

Oped, Thitinan Pongsudhirak, Published on 12/05/2023

» The fundamental risk in Thailand's election this Sunday is that ruling incumbents, spearheaded by coup-maker-cum-prime minister Prayut Chan-o-cha and underpinned by the powers-that-be, are headed for a big loss. Yet they are unlikely to go away without distortion, subversion, and confrontation, as has been the case in the recent past. Unless the poll results are clear and unassailable, it is likely that more funny business will be put in motion after the election.

OPINION

The truth about Thai money politics

Oped, Thitinan Pongsudhirak, Published on 13/01/2023

» As the election looms in Thailand, money politics returns with a vengeance.