OPINION

Thailand still has chance to shine

Oped, Peerasit Kamnuansilpa, Published on 31/07/2025

» Thailand's economy is losing momentum. Growth rates have steadily declined, from 7.2% in 2012 to just 1.9% in 2023. Without a new vision for development, the country faces the real possibility of becoming stuck in permanent stagnation. The absence of bold leadership and structural reform has left Thailand vulnerable, while its regional peers -- Singapore, China, and South Korea -- surge ahead. These countries have demonstrated that visionary and compassionate leadership, combined with political reform and good governance, can transform the economic fortunes of an entire nation.