Showing 1 - 10 of 20
Signs and symptoms of Thai stagnation
Oped, Thitinan Pongsudhirak, Published on 18/07/2025
» That Thailand is faring poorly in the world is no longer in dispute. Not so long ago, many were in denial and adamant that Thailand could still bring a good game to engage abroad, that "Teflon" Thailand could bounce back. Now, just about all indicators are pointing south. The causes of this country's decline and stagnation are not singular but multifaceted over a two-decade period. As Thailand's situation is likely to worsen before hopes for a better future can arise, it is instructive to start counting the costs.
Thai politics back at the brink (again)
Oped, Thitinan Pongsudhirak, Published on 04/07/2025
» The Constitutional Court's suspension of Paetongtarn Shinawatra from the premiership is déjà vu, exposing a pattern of systematic manipulation and concoction of political outcomes. After so many dissolutions of leading political parties and repeated bans of elected representatives over two decades, it is time to call a spade a spade. Thailand is a faux democracy. Its core foundations constitute an autocratic regime that does not really care about the country's future and the collective will of its people.
Two wasted decades in Thai politics
Oped, Thitinan Pongsudhirak, Published on 20/12/2024
» Now that Thaksin Shinawatra appears actively back in Thai politics, it is demoralising to look back at Thailand's wasted time and opportunities. Once a promising country on the way from democratic transition to consolidation in the late 1990s, Thailand has become semi-autocratic, and its rocky political trajectory over the past two decades is now structural. The traditional institutions of power that grew out of the Cold War have been calling the shots in earlier decades and are just unwilling to let the country move forward in the immediate years ahead.
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.
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.
The continuing crisis of Thai democracy
Oped, Thitinan Pongsudhirak, Published on 11/08/2023
» The prolonged volatility and instability in Thai politics attest to a continuing crisis of democracy since the military coup in September 2006. It is characterised by the nature, direction and duration of government after an election. Unless the poll-topping political party is backed by the conservative military-authoritarian regime, it is either not allowed to take power or gets overthrown while in office before completing its term. This crisis of Thai democracy has now persisted since the May 14 poll, as the formation of the next government remains stuck in a stalemate.
Next poll brings highest stakes, risks
Oped, Thitinan Pongsudhirak, Published on 09/12/2022
» In the face of the myriad of questions and issues that beset Thai politics in the lead-up to the general election, which must be held by May 7, the biggest facts and dilemmas are not being raised. Prime Minister Prayut Chan-o-cha is now headed to complete nine years in office, the first five of which were under a military government after he and his cohorts seized power by force in May 2014, and the last four under an elected coalition government enabled by the 2017 constitution crafted by a committee the ruling generals had set up. Moving forward, Thailand risks settling into a prolonged period of economic stagnation and political decay unless there is a qualitative change of government after the poll.
Post-Covid headwinds hit the region
Oped, Thitinan Pongsudhirak, Published on 14/10/2022
» As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.
US shoots itself in foot over Taiwan
Oped, Thitinan Pongsudhirak, Published on 05/08/2022
» Even pro-democracy critics of China’s authoritarian ways would have to call United States House Speaker Nancy Pelosi’s visit to Taiwan an undue provocation that ended up as a lose-lose outcome for all concerned, including the 82-year-old congresswoman. Everything about it was misguided and self-indulgent, designed for domestic consumption in the US rather than regional peace and security in Asia. The US, by way of Mrs Pelosi, has unnecessarily shot itself in the foot big time, leaving regional states and societies to deal with the consequences.
Thai politics' murky tunnel to nowhere
Oped, Thitinan Pongsudhirak, Published on 07/01/2022
» Starting out a new year should engender a sense of hope and optimism that tomorrow can be better than yesterday. But the reality in Thailand suggests otherwise. A sense of prolonged malaise and discontent pervades the scene, where politics will likely prove murky with an economy persistently in the doldrums, underpinned by continuing societal divisions and broad-based unhappiness. Unless drastic changes and reforms take place very soon, this year is likely to further solidify the onset of a decade of decay and stagnation.