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William Pesek: Thailand is on track for a lost decade

The junta's mismanagement is squandering the country's economic advantages

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Thailand's roughly 3% growth rate is the lowest among Southeast Asian peers.   © Reuters

The group of generals running Thailand risk giving the military a bad name for economic management.

In 2014, a junta led by Gen. Prayuth Chan-ocha seized power, promising a return of public trust and the get-things-done competence that militaries use to justify coups. The key problem was a chaotic political system that had seen seven prime ministers in 15 years, complete legislative gridlock and massive protests clogging the capital.

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