Showing 1 - 6 of 6
The effects of unfinished momentum
News, Peerasit Kamnuansilpa, Published on 08/11/2025
» Why do some nations surge confidently into the future while others advance only in half-steps, not declining but not accelerating either? In their influential book Why Nations Fail (first published in 2012), Daron Acemoglu -- now a Nobel Prize economist -- and James Robinson, both economists and political scientists at the University of Chicago, offer a helpful lens for understanding Thailand's development path without casting blame or provoking division.
From FDI to homegrown growth
Oped, Peerasit Kamnuansilpa, Published on 11/09/2025
» For decades, Thailand has leaned heavily on foreign direct investment (FDI) as the engine of growth. That strategy once delivered jobs and exports, but today it yields diminishing returns. Inflows are volatile, competitiveness is slipping, and dependence on external capital leaves the economy vulnerable to global shocks. Thailand must change course.
Thailand must redefine FDI for future
News, Peerasit Kamnuansilpa, Published on 14/08/2025
» Thailand's economic future looks increasingly uncertain. Once a rising star among emerging markets, the country now faces persistent stagnation. A key reason lies in how we have treated foreign direct investment (FDI) -- not as a strategic lever for national economic development but as a short-term fix driven by rent-seeking behaviour, bureaucratic collusion, and a failure to safeguard the nation's long-term economic interests and its goals for equitable development.
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.
Revamping development strategy
Oped, Peerasit Kamnuansilpa, Published on 17/08/2024
» Thailand's economic trajectory is teetering on the edge of regression, demanding immediate attention. Thailand's growth rates in the first quarter of 2024 fell behind all Asean member countries except Myanmar. These facts cast serious doubts on the efficacy of traditional economic development strategies. The primary goal of enhancing the well-being of Thai citizens is at stake.
Thailand's development model splutters
Oped, Peerasit Kamnuansilpa, Published on 16/03/2023
» Location-based economic development (LED) strategies, defined as government efforts to improve a particular area's economic and social conditions, were implemented in economically advanced countries long before they were in Thailand.