Thailand: What's Beneath the Surface?

Mekong Strategic Capital presents our analysis of the political, economic and demographic currents that will impact Thailand in 2024 and beyond.

2023 saw the Pheu Thai Coalition replace 10 years of military-led government. We view the return to democratic processes as a positive change. It also comes at a critical time for Thailand.
Since the 1990s boom, Thailand has navigated three major economic crises but after each, growth has emerged weaker. The performance since the GFC has been particularly disappointing.
In addition to cyclical challenges the new government must address emerging structural challenges, most importantly climate change and demography. Thailand is the first country ‘to get old before it got rich’.
In this analysis we discuss what has changed, and what we should expect from the incoming government. The stakes could not be higher.

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