Can Thailand drag down SEA again ?
In 1997, events and flawed government policies started
the Asian Financial Crisis which cause much damages to the economies of the region and cause widespread hardships. Things only started to get better over recent years. Now in an act to enhance his own influence and control over the country, the Thai King has unleashed a chain of events which has been extremely damaging to the Thai economy and life of the ordinary Thais. The question is whether the Thais will start another financial crisis in the region. The Royalty sanctioned Thai coupe which ousted the very capable and effective Thanksin by itself should not lead to another Asian financial crisis. However, events especially the incompetence of the present Thai government and the apparent split in the military and ruling elites are causes for grave concern. If these bunch of idiots continue to make mistakes in the name of nationalism, then the region better be prepared for a possible second financial crisis. |
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