Showing 1 - 10 of 12
The war and its likely consequences
Oped, Thitinan Pongsudhirak, Published on 17/04/2026
» As the joint attack between the United States and Israel against Iran that resulted in a wider regional conflict in the Middle East approaches its two-month mark, the directions of the war remain precarious while some of the longer-lasting consequences appear evident. Unsurprisingly, the war has been detrimental and damaging for all states and societies concerned, not just within the affected region but the wider world. Already we can start counting some of the long-term costs.
New government is new wine in old bottle
Oped, Thitinan Pongsudhirak, Published on 13/09/2024
» On the face of it, the new government under Prime Minister Paetongtarn Shinawatra appears to be a generational shift and gender breakthrough. Ms Paetongtarn is the youngest prime minister ever at 38 and only the second female government leader after her aunt Yingluck Shinawatra in 2011-14. The Paetongtarn cabinet features a record eight women among 36 with more ministers in their 30s-50s and fewer above 60. Yet on closer scrutiny, the new and younger faces are largely family legacies and proxies, surrounded by old-style politicians, while the new government's policy directions sound dated not well-suited for the times ahead.
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.
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.
Srettha confronts myriad of challenges
News, Thitinan Pongsudhirak, Published on 22/09/2023
» As the coalition government of Prime Minister Srettha Thavisin gets going, it faces multiple daunting challenges, from public expectations and policy deliverables to the maintenance of political stability.
The tide of history shifts in Thai politics
Oped, Thitinan Pongsudhirak, Published on 02/06/2023
» Notwithstanding the ongoing political shenanigans by appointed agencies to shape final outcomes after the May 14 poll, Thailand already will never be the same again. The Move Forward Party's (MFP) victory as the largest winning side, with 151 out of 500 parliamentary seats, is profound but not unprecedented. Together with the Pheu Thai Party's 141 MPs, these two opposition parties are unwittingly sending a message to each other and to the broader political establishment that the curve of Thai history is shifting tectonically. Failing to grasp and adjust to this evolving tide of history could marginalise Pheu Thai and challenge the establishment to its core foundations.
The fault line that polarises Thai politics
Oped, Thitinan Pongsudhirak, Published on 07/04/2023
» With all of Thailand's contesting political parties lined up behind populist policy platforms ahead of the general election on May 14, it is not readily obvious what sets them apart.
Youth movement has staying power
Oped, Thitinan Pongsudhirak, Published on 07/08/2020
» As Thailand's youth movement for political change gathers momentum, it has already shown unprecedented trends and patterns. Moving forward, the conservative forces who oppose change and reform will likely train their sights on these young demonstrators to deny and derail them through manipulation and coercion. But this youth movement is unlikely to stop without a fight. These young men and women of high school and university age are here to stay for the long haul because their collective future, not just the ideology and ideals they espouse, is at stake.
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.
Brexit follows history's recurrent curve
News, Thitinan Pongsudhirak, Published on 29/11/2019
» The longer the time spent together, the more painful any breakup is likely to be. This reality dogs the United Kingdom more than three years after its referendum to exit the European Union, a process commonly known as "Brexit". Notwithstanding opponents who may wish otherwise, Brexit is now seen as irreversible, especially as the Conservative Party under Prime Minister Boris Johnson is polling well ahead of the Labour Party just a fortnight before polls on Dec 12. Brexit is likely to be viewed in hindsight as part of a de-integration process in a recurrent historical pattern increasingly manifesting in trade protectionism, anti-immigration, and curbs on international cooperation.