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Why Reconciliation Fails in Thailand ?

Thailand’s problem is that those who keep winning elections are not allowed to rule, whereas others who ultimately call the shots cannot win elections. [Thanks to Bangkok Pundit for pointing me to Thitinan’s op-ed]

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After some time on vacation, I have returned to find that Thai politics, which almost couldn’t get worse, actually has. Last month, Thitinan Pongsudhirak, in my opinion the most astute observer of Thai politics, captured the fundamental tension in Thailand today in an op-ed:

Thailand’s problem is that those who keep winning elections are not allowed to rule, whereas others who ultimately call the shots cannot win elections. [Thanks to Bangkok Pundit for pointing me to Thitinan’s op-ed]

Thailand middle classes are becoming increasingly skeptical of the benefits of democratization

That, in a nutshell, is Thailand’s dilemma, one shared by many middle-income developing nations where middle classes are becoming increasingly skeptical of the benefits of democratization, as I discuss in my forthcoming book The Decline of Democracy (Yale University Press).

via Asia Unbound » Thailand: Reconciliation Fails.

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Banking

Thailand Raises Public Debt Ceiling from 60% to 70% of GDP

Thailand’s State Monetary and Fiscal Policy Committee has decided to raise the ceiling of the public debt-to-GDP ratio from 60% to 70%

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Thailand’s State Monetary and Fiscal Policy Committee has decided to raise the ceiling of the public debt-to-GDP ratio from 60% to 70%, which will allow further public sector borrowing to rehabilitate the economy battered by COVID-19.

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National

Thailand Approves Package to Attract Wealthy Foreigners and Professionals

Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.

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Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.

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