Posted: June 30th, 2012 | Author: Tom van der Made | Filed under: Asia-Pacific, Economics, Government, International Business, International Relations, National economy, Politics, Thailand | Tags: 2015, ASEAN, competition, diverse, economic, FDI, free, GDP, governance, investment, Thailand, trade
The ASEAN Economic Community (AEC) of 2015 draws nearer, allowing free trade among the ten member states. Based on the political, economic and social state of Thailand’s current situation, change is needed in several aspects to truly be prepared and to benefit from this singular economic identity.
Thailand is historically known as a politically instable country, with over 20 coups since 1932 and with the most recent military coup in 2006, the Thaksin Shinawatra government was overthrown by the military. At this moment his younger sister Yingluck is leading the country and in pursuit of reconciliation. Through proposals in order to change the “undemocratic” constitution set up by the military in 2007. In addition, populist policies the government did not manage to create an end to the political unrest, especially since the amendments are believed to try and grant amnesty to Thaksin Shinawatra. In addition, the government limits freedom of speech in some cases, for example, through the lèse majesté law, which allows no critique towards the royal family, even if this is someone’s personal opinion. Read the rest of this entry »