In 20 years, Thailand went from 5th Tiger, to the sick man of Asia:
We forfeited manufacturing booms to Vietnam, Indonesia, and India, because high-value supply chains can’t tolerate the paralysis caused by our negative politics that continually ejects governments.
Investors accepted the risk when returns were high and viable alternatives few; But 1990s laggards reformed and caught up, while we drifted.
Whoever runs the next govt, they must face two truths:
1.)The Thai economy has SERIOUS structural drags that require immediate and earnest action
2.)If we ignore them and front-load demand with dubious, debt-fueled stimulus and subsidies that evaporate without building any resilience, Thailand will keep sliding backward while our rivals surge ahead.