Thailand should not get bogged down in political turmoil

Infighting and interventions drive away foreign investment

2024-8-28 Editorial Thai politics

Thailand's Prime Minister Paetongtarn Shinawatra says she will ask for advice from her father, former Prime Minister Thaksin Shinawatra. (Photo by Shinya Sawai)

After being forced out of office by a court decision, former Thai Prime Minister Srettha Thavisin was replaced by Paetongtarn Shinawatra. She is a member of the Pheu Thai Party, the largest force in the ruling camp and an incarnation of the party founded by her father, former Prime Minister Thaksin Shinawatra. The coalition, which includes pro-military parties, remained intact after the leadership change.

Thailand has fallen into the "middle-income trap," marked in part by rising labor costs and slowing industrialization, and economic growth has stalled. To jump-start the country's growth -- the slowest among major Southeast Asian countries -- Thailand needs to pull its national politics out of stagnation.

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