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David's avatar

Thanks for all your recent commentary which has helped us make sense of the twists and turns of Thai politics. I'm glad to see you mention in your latest post that you are planning a future post on the constitutional reform process. That would be particularly useful given the seeming complexity of the process arising from the obstacles the military government put in place to make it extremely difficult to achieve constitutional reform. There also seems to be a grand game of tactics being played out between Anutin (who all of a sudden is now pro-reform) and the People's Party on how to go about constitutional reform, in large part in response to the recent ruling of the Constitutional Court. Given BJT's previous opposition to constitutional reform, there will no doubt be differences over the the substance of constitutional reform and just how far reaching it is, along with tactical maneuvering by both parties. Your post may benefit from waiting a little to see how things are likely to develop. But please don't leave it too long. Thank you.

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David's avatar

One of the key policy platforms of the People's Party is fostering policy and investment settings that will lead to a restructuring of the sclerotic and uncompetitive Thai economy. This has met with stiff opposition from the Thai establishment, particularly the business sector which has been protected from substantive competition over the years. It is unclear at this point whether Anutin's outside Cabinet appointments to economic ministries see the need for fundamental reforms to the Thai economy or rather side with continued protection of established business elites. What we have seen is Anutin's commitment to continuing populist policies. This may increase household expenditure in the short term. But it will take far more than this to right the ailing Thai economy. Achieving strong economic growth at rates enjoyed by Thailand in the late eighties and early nineties is something that will be very difficult to achieve in the context of current global economic challenges.

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