Wall Street Journal: Thailand’s Wages of Populism

Thailand’s Wages of Populism – WSJ, September 30, 2012
…Thailand is not alone in the middle-income country problem of rural-urban income divides. Regrettably, these countries have nothing to learn from advanced countries—least of all those in Asia like Japan and Korea—which routinely subsidize farm production. Ms. Yingluck is misguided, but her mistake should focus attention on a very real dilemma, one that is particularly pressing for those facing still large rural electorates.

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