Showing 1-10 of 129 results
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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.
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Myanmar as interim 'non-state' state
Oped, Thitinan Pongsudhirak, Published on 01/03/2024
» Myanmar, also known as Burma, has become a de facto state that is dominated by non-state entities. Contrary to facile claims, Myanmar is not a failed state like some that beset parts of Africa and the Middle East. The ethnically diverse country of 55 million still functions despite widespread violence in an ongoing civil war. Unless and until Myanmar is understood and re-conceptualised as an interim state comprising non-state entities, it will be difficult to move forward to remake and reconstitute a new country after the civil war and the passing of the military junta that seized power on Feb 1, 2021, led by Senior General Min Aung Hlaing.
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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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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.
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Deja vu as charter court weighs MFP ban
Oped, Thitinan Pongsudhirak, Published on 12/01/2024
» It is déjà vu in Thai politics this month as Thailand's biggest elected political party and its leader face Constitutional Court verdicts that could lead to a familiar dissolution and ban. At issue is the political future of Pita Limjaroenrat and the fate of the Move Forward Party (MFP), which he led to a stunning victory at the election last May. However the verdicts come out, they might be perceived by pundits as decided by the political winds of the day.
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Prospects at home and abroad in 2024
Oped, Thitinan Pongsudhirak, Published on 05/01/2024
» Overlooked but deeply consequential, 2024 will be the first time in a decade that Thailand is ruled by a civilian-led government. Whatever frustration and disenchantment that arise this year, memories must not run short. Thailand suffered deeply under the coup-backed regime of Gen Prayut Chan-o-cha. Seeing his back is politically good riddance, and having Srettha Thavisin as a thoroughly civilian and pro-business prime minister bodes well for the country. Yet Mr Srettha has his work cut out to boost the economy, address constitutional reform, restore Thailand's international standing, and stay in office into next year amid the global economic slowdown.
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Asian elections, democracy in 2024
Oped, Thitinan Pongsudhirak, Published on 29/12/2023
» Billed as the biggest election year ever as more than half of the global population goes to the polls, 2024 will be critical to the debate about democratisation and autocratisation. Asia will lead the way with elections in India, Bangladesh, Pakistan, and Indonesia, while the most recent polls in Myanmar and Thailand offer long-term lessons about democracy and dictatorship. The salient themes next year will be about the self-perpetuating tendencies of incumbent regimes and the resilience of democratic rule when authoritarianism seemed to have the upper hand.
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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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Thailand's semi-democracy returns
Oped, Thitinan Pongsudhirak, Published on 01/12/2023
» The appointment of Gen Prayut Chan-o-cha as privy councillor has neatly bookended Thai politics over the past decade. It coincides with the 10-year anniversary of the street demonstrations that were led by the People's Democratic Reform Committee, paving the way for Gen Prayut to stage a military coup in May 2014. While the interim was a period of hard and soft military-authoritarian rule in 2014-19 and 2019-23, the new moving balance in Thai politics is a semi-democracy of sorts under the Pheu Thai Party-led coalition government.
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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.
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