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The Shadow Over Long Term Political-Economic Prospects

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Posted: August 16th, 2016

By Rafael D. Frankel

Dr. Rafael D. Frankel is the vice president of BowerGroupAsia (BGA), a government affairs and public policy consulting firm supporting top businesses operating in the Asia-Pacific. Previously, he was a foreign correspondent for 10 years based in Southeast Asia and the Middle East.

Ten years ago, Thailand was enjoying a prolonged and robust economic and political revival following the Asian Financial Crisis that decimated its economy and gave birth to the 1997 Constitution, a document granting strong civilian control over the government and an important place for civil society in guaranteeing human and political rights in the Kingdom.

What followed since 2006 might be called Thailand’s “lost decade”—a period of frequent military control and judicial intervention in Thailand’s government accompanied by below-average economic growth and regular political turmoil. During this period, Thailand’s regional and international role was diminished as well, as leadership focused largely on domestic politics.

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