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  • OPINION

    Instability threatens economic growth

    News, Wichit Chantanusornsiri, Published on 27/04/2019

    » Without decisive winners from the March 24 poll, there are fears that political instability will affect the country's economy. Such concerns are understandable given that three parties, namely the pro-military Palang Pracharath Party, and Pheu Thai Party and Future Forward Party (which brand themselves as the anti-regime camp), are engaging in a post-election tug of war.

  • OPINION

    Poverty is not a political commodity

    News, Wichit Chantanusornsiri, Published on 14/02/2019

    » As the election is drawing near, most if not all political parties are making eradicating poverty and closing the economic gap their flagship policy, rolling out enticing populist programmes in the hope of winning the hearts and minds of voters.

  • OPINION

    Populist policies hold farmers back

    News, Wichit Chantanusornsiri, Published on 26/07/2018

    » The launch of several populist projects by the Prayut Chan-o-cha government, especially those targeting poor farmers ahead of the election planned for early next year, are seen as a thinly disguised ploy to canvas support from prospective voters.

  • OPINION

    Time for new chapter in tackling poverty

    News, Wichit Chantanusornsiri, Published on 14/06/2018

    » Over the past years the government has boasted of numerous economic advances, including an increase in GDP figures. Yet this does not necessarily bode well for its plan to tackle poverty. In fact, these achievements have exacerbated economic inequality, with farmers now marginalised at the bottom of the social spectrum.

  • OPINION

    Gap between rich, poor fuels our woes

    News, Wichit Chantanusornsiri, Published on 01/09/2017

    » For decades, poverty and inequality have been chronic problems which have derailed Thailand's economic growth and fuelled political conflicts and unrest. These problems remain even though about a trillion baht has been collectively spent by many governments to address them. What have we missed or done wrong?

  • OPINION

    Reserve tumble doesn't spell fiscal crisis

    News, Wichit Chantanusornsiri, Published on 23/02/2017

    » The dramatic fall in treasury reserves to 74.9 billion baht last December, the lowest in many years, does not indicate that Thailand is facing a fiscal crisis. However, it does not mean that the Thai government will be immune to fiscal traumas either. Factors that will affect the state's fiscal stability are still out there looming.

  • OPINION

    Govt pins hopes on stimulus to boost growth

    News, Wichit Chantanusornsiri, Published on 15/12/2016

    » In the hope of shoring up the ailing economy, the government looks set to apply another strong pill. Last week, it placed a high bet on a mid-year expenditure budget of 190 billion baht for the 2017 fiscal year. The need for such strong medication to help the country climb out of its economic sluggishness is understandable. But it must not be overused to avoid unpleasant side-effects.

  • OPINION

    The farming sector needs change, now

    News, Wichit Chantanusornsiri, Published on 24/11/2016

    » With just about one year left in office, Prime Minister Prayut Chan-o-cha and his government will have to give a high priority to existing problems in agriculture -- especially the falling price of rice. Thai farmers have suffered financial hardship due to repeated crises over low rice prices. The government's failure to address the problems in a timely manner will make its economic development goals hard to achieve.

  • OPINION

    Jury still out on government's ability to lift economy

    News, Wichit Chantanusornsiri, Published on 22/09/2016

    » With the Prayut Chan-o-cha government in charge for more than two years, the Thai economy still hangs in the balance. Even though the government has managed to lift the country out of the economic stagnation we experienced before the 2014 coup, it has failed to accelerate growth.

  • OPINION

    Thais opt for quick fix over full democracy

    News, Wichit Chantanusornsiri, Published on 11/08/2016

    » The results of Sunday's constitutional referendum demonstrate a critical reversion of political thought among Thai voters. In voting for a less democratic draft constitution, they have made it clear they prefer immediate remedies for political and economic woes rather than fully-fledged democracy.

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