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  • News & article

    Western armed forces facing a recruitment crisis

    News, Peter Apps, Published on 01/04/2024

    » Every morning on the aircraft carrier USS Dwight D Eisenhower, an unsuspecting crew member is called to the bridge, presented with a cookie and asked to sit in the captain's chair.

  • News & article

    Structural flaws impede our economy

    Oped, Chartchai Parasuk, Published on 21/03/2024

    » It took Japan 17 years to learn that a macroeconomic policy is for stabilising an economy, not stimulating growth. Due to low economic growth in the "lost decade" following the financial crisis in the autumn of 1997, the Bank of Japan adopted an unthinkable monetary policy of a negative interest rate in 2007 by pushing the short-term policy rate down to -0.1%.

  • News & article

    Why is China's economic performance stalling?

    Oped, Published on 06/03/2024

    » It has been a year since China relaxed the zero-Covid measures that had been stifling economic activity, but the country has yet to experience the rebound that policymakers and pundits anticipated. Instead, economic indicators from the past year have painted a disheartening picture.

  • News & article

    Soft or hard landing for Thai economy?

    News, Chartchai Parasuk, Published on 08/02/2024

    » Personally, I am sure the Thai economy will crash this year. I can even estimate the time when the crash will start. It is likely to be the month of May as several big economic bombs will explode that month. Confirmation of this belief came in December 2023's economic data. The most disturbing part is industry's capacity utilisation rate of 56.2% (seasonally adjusted), which is the second lowest in the world. The world's lowest is Nigeria!

  • News & article

    Is AI a threat to public sector jobs?

    Oped, Published on 30/01/2024

    » In the fast-paced shift towards a digital future, the question for the Association of Southeast Asian Nations (Asean) is whether artificial intelligence (AI) will bring new opportunities or pose serious threats to jobs in the public sector.

  • News & article

    Financial crisis looms over Thailand

    Oped, Chartchai Parasuk, Published on 25/01/2024

    » The definition of an "economic crisis" is much debated in Thailand. This is because one of the requirements for enacting the emergency fiscal borrowing decree is that the economy must be in crisis.

  • News & article

    Don't rely on last year's trends for global economy

    Oped, Published on 16/01/2024

    » Behavioural economists have popularised the term "recency bias" to describe our tendency to be disproportionately influenced by the latest events compared to earlier ones. Could this cognitive phenomenon explain why numerous analysts have a rather optimistic tilt for the world economy in 2024? Or are there really positive trends counterbalancing the obvious and mounting challenges to global growth?

  • News & article

    Why are so many young Chinese people depressed?

    Oped, Published on 04/01/2024

    » China's high youth unemployment rate and increasingly disillusioned young people -- many of whom are "giving up" on work -- have attracted much attention from media outlets and Chinese policymakers. The narrative is to associate the problem with the country's recent growth slowdown. In fact, the issue goes much deeper.

  • News & article

    South Korea adapts to shifts in global trade

    Oped, Published on 03/01/2024

    » US-China relations are as fraught as ever, but what does that mean for smaller actors? The answer depends on the country, sector, and even firm. South Korean companies, for example, appear to be reaping significant benefits from US trade and technology restrictions on China, which have at least slowed the "China-zation" of manufacturing and global value chains. But this is not the whole story.

  • News & article

    Will foreign investors still be wooed?

    Oped, Chartchai Parasuk, Published on 28/12/2023

    » This is my last article for 2023. Appropriately, I should write about the 2024 economic outlook but I have decided to postpone that to be the first article of 2024 as the analysis might be too unpleasant to digest right now. However, I will leave a "teaser" for readers to ponder over during the long holidays. As such, I am left with two choices: an article about informal debt -- I estimate outstanding debt to be over 400 billion baht and that it could have strong ties with grey money -- or an article about Thailand's ability to attract foreign investors, as our Prime Minister Srettha Thavisin travels all over the world to attract them. In the end, I opted for the latter.

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