Showing 1-10 of 75 results
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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.
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Thailand's semi-democracy faces risks
Oped, Thitinan Pongsudhirak, Published on 15/12/2023
» The government of Prime Minister and Finance Minister Srettha Thavisin has settled into an uneasy balance between the civilian-led majority forces that represent the Thai electorate and the royalist-conservative minority guardians of the established centres anchored around the monarchy, military, judiciary, and bureaucracy.
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Japan's dilemmas need bold answers
Oped, Thitinan Pongsudhirak, Published on 03/11/2023
» Among the big countries vying for power and influence in the fluid and contentious geostrategic arena, Japan faces the most daunting challenges. Most of the recognised major powers in Asia, from China and India to Indonesia and South Korea, are rising and aspiring for bigger roles and grander objectives, while Japan's place in the global pecking order has been in decline. The last time Japan had to confront such an existential threat to its place in the world may have been in the 1860s when the Western powers shook up and threatened to take over the isolated and inward-looking martial society.
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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.
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Geoeconomics of the US-China tech war
Oped, Thitinan Pongsudhirak, Published on 16/09/2022
» Chinese President Xi Jinping's arrival in Central Asia this week in his first overseas travel in nearly three years is perhaps the most consequential irony of the coronavirus pandemic. As the place where the deadly pandemic began in early 2020, China was the first to swiftly and successfully suppress and contain Covid-19 within weeks, while its counterparts in North America and Europe languished for months under mounting death tolls and hospitalisations.
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The local politics of Thai soft power
Oped, Thitinan Pongsudhirak, Published on 29/04/2022
» It was yet another passing storm in Thailand's overflowing teacup. The overnight sensation of 19-year-old rapper Danupha "Milli" Khanatheerakul at the recent Coachella Music Festival in the United States has shaken Thailand to its core foundations and revealed much that is still right and all that is wrong with this country. At issue are the ramifications from her global showcase of Thailand's sticky rice and ripe mango on the Coachella stage in view of her talent and political standing against the local conservative establishment.
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Japan's post-Covid regional dilemma
Oped, Thitinan Pongsudhirak, Published on 21/01/2022
» Among the major powers that are moving forward with an eye on the post-pandemic era, when Covid-19 will eventually become an endemic with flu-like manageability, Japan is second to none. The visit last week by its minister of economy, trade, and industry (METI), Koichi Hagiuda, made front-page news in Bangkok, following similarly notable media coverage in Jakarta and Singapore. But while it has played a critical role in Asean's economic development and regional security, Japan's Indo-Pacific geostrategic environment has become adverse with more downside risks.
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The geopolitics of China's CPTPP move
Oped, Thitinan Pongsudhirak, Published on 03/12/2021
» Nowhere is the intersection between geopolitics and geoeconomics more evident than the accession negotiations under the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). At issue are three new applications for accession by the United Kingdom, China, and Taiwan. While the UK's candidacy alters the geographic crux of what has been Asia-Pacific trade liberalisation, China's and Taiwan's entry efforts represent a proxy showdown between the United States-led global order and 75-year-old alliance system versus Beijing's geostrategic ambitions and objectives.
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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.
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Reopening a good bet with high costs
Oped, Thitinan Pongsudhirak, Published on 12/11/2021
» Nearly two weeks into Thailand's official reopening during the Covid-19 pandemic, it is time to evaluate the country's vaccine management plan, economic costs and prospects of recovery. While the reopening is worth the attendant risks, Thailand is paying a disproportionately high price for earlier mistakes and the government's mismanagement. As the reopening phase builds up, the Thai economy is likely to see a weak and tentative recovery trajectory with medium-term challenges and question marks.
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