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Thitinan Pongsudhirak: Thailand wastes 30 years standing up and falling down

With the military calling the shots, the country risks yet another lost decade

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Thai Prime Minister Prayuth Chan-ocha arrives for a weekly cabinet meeting at Government House in Bangkok on May 23.   © Reuters

As Thailand marks the 20th anniversary of being the epicenter of the Asian financial crisis, the country and its squabbling elites have plenty to ponder. Thailand has had many chances to become a vibrant democracy and a developed economy, but it has deteriorated into a military dictatorship while growth slumps.

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