April 2008
Thailand looks to a return to growth
Thailand’s People Power Party government bears a close resemblance to Thaksin Shinawatra’s overthrown administration, and Thaksin is widely seen as its eminence grise. The government has big plans for infrastructure development but it is highly exposed to a contraction of US export demand and the potential for inflation. Eric Ellis reports.
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Thailands new finance minister, Surapong Suebwonglee: the surprise choice for the job has been impressive |
IT WAS A simple act but, for Asia, an unusual one. If it catches on, it could mark a new era for how economic policy is executed in coup-plagued Thailand.
On March 8, in the surroundings of Bangkoks mock-Venetian palazzo of a Government House, Thais witnessed a rare display of national unity when the countrys shadow finance minister called on his recently elected opposite number in government, who graciously received him.
Under the scrutiny of TV cameras, Korn Chatikavanij, the Democrat Partys charismatic deputy leader, was warmly met in the palazzos grounds by aides of Thailands new finance minister, Surapong Suebwonglee. "I dont think this has ever happened before," Korn noted, as he was ushered in to meet his counterpart. Then the two men, flanked by suited advisers, spent 45...
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