Return to Thaksinomics? Thailand’s populist economic program a double-edged sword

Return to Thaksinomics? Thailand’s populist economic program a double-edged sword – Nikkei Asian Review, September 13, 2015
…The new stimulus packages, clearly aimed at rural areas, bear a striking resemblance to the economic programs of the past. Many suspect that the military government led by Prayuth Chan-ocha tapped the populist former finance minister because of his expertise in corralling the rural vote.
But Somkid’s appointment has also antagonized opponents of the former prime minister. Programs implemented by Thaksin sister and similarly deposed Prime Minister Yingluck Shinawatra, such as her scheme to buy rice from farmers at inflated prices, ultimately backfired. Critics denounce the new stimulus as similar pork-barrel politics. When announcing the first package, Somkid argued that the policies were not an effort to curry favor with the public…

This entry was posted in 2Bangkok News. Bookmark the permalink.

Leave a Reply

Your email address will not be published.