Thailand
The kingdom of Thailand leads the way on the Asian bond market initiative, with prime minister Thaksin Shinawatra vowing to make Asia the master of its own destiny. Thaksin sees himself as the new hard man of the region, having taken up the mantle from Malaysia’s retired prime minister Mahathir Mohamad. Thaksin is also out to boost Thailand’s own image in south-east Asia and beyond. For example, he effectively closed down Bangkok last month for the Asia-Pacific Economic Cooperation meeting – in a bid to show that his country was the safest, most efficient haven in the region.
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