Showing 1 - 10 of 105
Age-old nature of the 'New Cold War'
Oped, Thitinan Pongsudhirak, Published on 19/11/2021
» History is back with a vengeance. Contrary to what proponents of the "end of history" theory said a few decades ago, the ideological struggle of the 20th century between the "free world" versus "the socialist-communist" camp is still ongoing, despite the Cold War ending over three decades ago. The struggle now features the United States-led Western alliance versus the China-centric global network of nations with authoritarian tendencies.
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.
Is the Indo-Pacific eclipsing Asia-Pacific?
News, Thitinan Pongsudhirak, Published on 02/08/2019
» Thailand and the smaller states in its neighbourhood will miss the Asia-Pacific era. It is not as if the Asia-Pacific has gone away or disappeared in any sense. But its role as a cradle of prosperity linking larger and small economies around the Pacific Rim may have passed its peak. In its place is the Indo-Pacific, which thus far lacks a trade-liberalisation and economic growth component so integral to the Asia-Pacific.
What next with China as a superpower?
News, Thitinan Pongsudhirak, Published on 04/10/2019
» The spectacular celebrations to mark the People's Republic of China's 70th anniversary of its founding were the culmination of a sweeping ideological struggle over the past century between two competing systems of socio-economic and political organisation. Under the stewardship of the Chinese Communist Party (CCP) from 1921, China has now arrived as a 21st century superpower with an unprecedented hybrid of totalitarian control and a capitalist market economy, the successor state to the old Soviet Union whose demise nearly 30 years ago was attributable to its rigid collectivism over market capitalism.
Thailand amid Asean economic integration
News, Thitinan Pongsudhirak, Published on 11/08/2017
» The first year and a half of the Asean Community has transpired not with a bang but a whimper. Thailand's role in it has been correspondingly uneventful. The first 18 months of the Asean Economic Community (AEC), one of three pillars together with the Asean Political-Security Community and Asean Socio-Cultural Community, witnessed no fundamental or qualitative differences from trade and investment patterns prior to its introduction. If the AEC is to work out as intended, it has to be reshaped and reoriented from traditional lenses to new realities based on intra-regional investments in tandem with global value chains.
Eastern Economic Corridor must continue
News, Thitinan Pongsudhirak, Published on 07/12/2018
» As the election looms, the government of Prime Minister Prayut Chan-o-cha will likely leave behind a very mixed legacy. Far from being a clean-up crew against graft and a technocratic team for effective policy performance when it seized power more than four years ago, this outgoing government has had its fair share of unaccountable corruption allegations and policy directions that merely served its own vested interests of staying in power after the polls.
Reshuffle cements Srettha's grip
News, Thitinan Pongsudhirak, Published on 06/05/2024
» After eight months at the helm, Prime Minister Srettha Thavisin staged a much-anticipated cabinet reshuffle with unexpected drama and unsurprising consolidation. As head of a coalition government, Mr Srettha appears more "prime ministerial" as the reshuffle has strengthened his hand to implement the ruling Pheu Thai Party's flagship policies.
The Thaksin factor in Thai politics
Oped, Thitinan Pongsudhirak, Published on 15/03/2024
» Thai politics in the near term will likely be dominated by the fate of the two largest vote winners from the general election in May 2023, the Move Forward (MFP) and Pheu Thai parties. While the MFP is at risk of another dissolution, the same as its predecessor Future Forward Party suffered in 2020, Pheu Thai's political future appears to hinge on Thaksin Shinawatra and his return from exile in what is believed to be a deal that follows the assumption of the premiership under Srettha Thavisin, and for Thaksin, a royal pardon and early release on parole.
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.