Showing 1 - 10 of 69
Misguided myopia of asking the rich
Oped, Thitinan Pongsudhirak, Published on 24/04/2020
» Prime Minister Prayut Chan-o-cha's initiative to seek more cooperation and assistance from Thailand's 20 wealthiest billionaires is understandable. Thailand needs all the help it can get to handle and manage the social and economic ravages of the coronavirus (Covid-19) crisis. But making an appeal in writing from the top to the country's richest is short-sighted and misguided on many levels. It displays a government at the end of its tether and a leader who is being forced to own up to mismanaging the country for the past six years.
Global turmoil and Thailand's political reset
News, Thitinan Pongsudhirak, Published on 21/12/2018
» As the world moves into 2019, there is a consensus that the roughly seven-decade-old rules-based liberal international order no longer works. Either it has to be fundamentally revamped to suit new realities and the international distribution of power and wealth, or it will be increasingly violated and marginalised. In a remarkable parallel, Thailand's hitherto political order that lasted about seven decades also requires adjustment and recalibration.
Global disarray as institutions falter
News, Thitinan Pongsudhirak, Published on 17/08/2015
» The international system as we know it is unravelling. Rules and institutions that were set up seven decades ago no longer hold the same weight and authority as they used to. As we grapple with an exacerbating global disorder, established powers and players and old rules and institutions need to be revamped and reinvented to accommodate new realities. Otherwise global tensions will mount, most probably accompanied by confrontation and conflict.
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.
Digital wallet should be implemented
Oped, Thitinan Pongsudhirak, Published on 16/02/2024
» The big debate in Thailand's current economic policy planning is whether the economy is facing a crisis or not. The government of Prime Minister Srettha Thavisin, who doubles as finance minister, has contended that there is an economic crisis in dire need of both monetary policy loosening and fiscal stimulus, particularly the 500-billion-baht digital wallet scheme. The Bank of Thailand, supported by a clique of economists apparently critical of the government's "populist" policy measures, asserts otherwise that an economic recovery is in progress without the need to lower the benchmark repurchase rate.
No losers, two winners in Taiwan poll
Oped, Thitinan Pongsudhirak, Published on 26/01/2024
» Among elections in Asia this year, Taiwan's is no less consequential, not just for the island country's political future but also for the United States-China rivalry and broader geopolitics. In the event, the results from the Jan 13 general election in Taiwan ended up with no major losers among the main contenders and two big wins for democracy in Asia and the geopolitical status quo.
The continuing crisis of Thai democracy
Oped, Thitinan Pongsudhirak, Published on 11/08/2023
» The prolonged volatility and instability in Thai politics attest to a continuing crisis of democracy since the military coup in September 2006. It is characterised by the nature, direction and duration of government after an election. Unless the poll-topping political party is backed by the conservative military-authoritarian regime, it is either not allowed to take power or gets overthrown while in office before completing its term. This crisis of Thai democracy has now persisted since the May 14 poll, as the formation of the next government remains stuck in a stalemate.
Our custodial democracy on display
Oped, Thitinan Pongsudhirak, Published on 21/07/2023
» After a watershed election and a clear message from voters for change, the integrity of Thailand's democratic system has come into question. It turns out that election results are only necessary but not sufficient to form a government and run this country.
Only the young can change Thailand
Oped, Thitinan Pongsudhirak, Published on 09/06/2023
» If the past two decades of Thai politics has been about populism and colour-coded conflicts between the yellow-shirted pro-establishment forces against the red shirts aligned with ousted former prime minister Thaksin Shinawatra, the foreseeable future will likely be about structural reforms and a generational clash between the age-old established centres of power against young Thais who are rising up to determine their country's future directions. It is unsurprising that only younger Thais can change Thailand because their old compatriots have too much at stake and too many vested interests in the entrenched and deeply embedded status quo.
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.