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Search Result for “trillion”

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OPINION

Trump goes off-script, US gone rogue

Oped, Thitinan Pongsudhirak, Published on 27/03/2026

» It was not supposed to work like this. "America First" and "Make America Great Again" (MAGA) were supposed to be about an inward turn to repair, replenish and rebuild an externally overstretched and internally weakened country, weighed down by unnecessary global entanglements, unsustainable national debt, and unimpeded mass migration. It seemed for a time that the MAGA movement to prioritise America above and beyond the international system and its constituent parts had found its final prophet in President Donald J Trump. But now, somehow, President Trump has betrayed the movement that has carried him to office by waging a disastrous war on Iran in cooperation with Israel.

OPINION

Trump's tariff blackmail boosts Brics

Oped, Thitinan Pongsudhirak, Published on 06/12/2024

» Even before officially taking office, United States President-elect Donald J Trump is shaking up the international system with drama and fanfare unlike any other major leader in recent memory. His most recent outburst to slap 100% tariffs on the "Brics" countries -- Brazil, Russia, India, China, and South Africa, as well as Egypt, Ethiopia, Iran and the United Arab Emirates -- is a case in point. While it will coerce developing economies to think twice about the cost of going their own way, this tariff blackmail and others like it also risk pushing smaller countries away from the US to other rival big powers, particularly China.

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

Prospects at home and abroad in 2024

Oped, Thitinan Pongsudhirak, Published on 05/01/2024

» Overlooked but deeply consequential, 2024 will be the first time in a decade that Thailand is ruled by a civilian-led government. Whatever frustration and disenchantment that arise this year, memories must not run short. Thailand suffered deeply under the coup-backed regime of Gen Prayut Chan-o-cha. Seeing his back is politically good riddance, and having Srettha Thavisin as a thoroughly civilian and pro-business prime minister bodes well for the country. Yet Mr Srettha has his work cut out to boost the economy, address constitutional reform, restore Thailand's international standing, and stay in office into next year amid the global economic slowdown.

OPINION

Stakes and meanings of the 2023 poll

Oped, Thitinan Pongsudhirak, Published on 17/03/2023

» For all intents and purposes, Prime Minister Prayut Chan-o-cha will not call an early election and will practically use up the full four-year term before dissolving the Lower House. Calling an early poll is often a sign of confidence and stability while putting it off to the last minute can be seen as timid and desperate. Nevertheless, the good news is that Thailand will have an election soon. The broader stakes and meanings of the upcoming poll are as follows.

OPINION

Next poll brings highest stakes, risks

Oped, Thitinan Pongsudhirak, Published on 09/12/2022

» In the face of the myriad of questions and issues that beset Thai politics in the lead-up to the general election, which must be held by May 7, the biggest facts and dilemmas are not being raised. Prime Minister Prayut Chan-o-cha is now headed to complete nine years in office, the first five of which were under a military government after he and his cohorts seized power by force in May 2014, and the last four under an elected coalition government enabled by the 2017 constitution crafted by a committee the ruling generals had set up. Moving forward, Thailand risks settling into a prolonged period of economic stagnation and political decay unless there is a qualitative change of government after the poll.

OPINION

Biden's pivot to free, open Indo-Pacific

Oped, Thitinan Pongsudhirak, Published on 03/09/2021

» If former United States President Barack Obama is known for his "pivot to Asia" geostrategy and President Donald Trump for the Free and Open Indo-Pacific, there is now a geostrategic synthesis under President Joe Biden. It can be aptly called the US "pivot to the Free and Open Indo-Pacific".

OPINION

54 years on, Asean needs new modality

Oped, Thitinan Pongsudhirak, Published on 13/08/2021

» After 54 years of being together, Asean is at the end of its tether. It has never been more divided than now, split within member states and across all 10 of them, dominated once again by divisive superpower rivalry and competition. In practice, this means Asean will appear increasingly ineffectual and inert. There will be much bureaucratic motion but few substantive organisational and policy outcomes amid unresolved challenges from within and from outside the region. Asean's best way forward may require unprecedented radical thinking towards a multi-track organisation to ensure relevance and momentum where it can be generated.

OPINION

Thailand's irresponsible runaway debt

Oped, Thitinan Pongsudhirak, Published on 11/06/2021

» A major lasting damage Prime Minister Prayut Chan-o-cha will eventually leave behind is his government's co-optation and capture of autonomous agencies that used to safeguard and uphold Thailand's macroeconomic well-being and political level-playing field.

OPINION

Asean's Myanmar crisis out of control

Oped, Thitinan Pongsudhirak, Published on 26/03/2021

» Myanmar's spiralling post-coup violence and bloodshed has become Asean's existential crisis. It is customary to pin hopes on an Asean way of fudging and nudging the main protagonists into some workable, face-saving compromise to save the day but this time the situation is dire and dark. Unless the 10-member regional organisation can make a difference in halting Myanmar's descent into uncontrollable violence and potential civil war, Asean is at risk of undermining and perhaps ending its success story.