{"id":274874,"date":"2025-07-19T13:58:13","date_gmt":"2025-07-19T13:58:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/274874\/"},"modified":"2025-07-19T13:58:13","modified_gmt":"2025-07-19T13:58:13","slug":"thai-economy-trapped-by-two-decades-of-political-strife","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/274874\/","title":{"rendered":"Thai Economy Trapped by Two Decades of Political Strife"},"content":{"rendered":"<p>\u00a0<\/p>\n<p><strong>Thanathorn Juangroongruangkit<\/strong>, the prominent leader of the Progressive Movement and former head of the now-dissolved Future Forward Party, has asserted that Thailand&#8217;s economic woes are inextricably linked to two decades of political instability.<\/p>\n<p>\u00a0<\/p>\n<p>He called for urgent constitutional amendments and a sweeping reform of the national budget to address the nation&#8217;s deep-seated issues.<\/p>\n<p>\u00a0<\/p>\n<p>Speaking at the <strong>&#8220;55 Years NATION: Breaking Thailand&#8217;s Deadlock<\/strong>&#8221; event on Friday in Bangkok, Thanathorn argued that attempting to fix the economy without tackling the underlying political conflicts and power structures that have hampered the country is simply <strong>&#8220;impossible.&#8221;<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>He highlighted the absence of societal consensus, a lack of effective checks and balances, and the pervasive use of <strong>&#8220;legal warfare&#8221;<\/strong> as political tools. This environment, he claimed, prevents any government from achieving stable governance.<\/p>\n<p>\u00a0<\/p>\n<blockquote><p>&#13;<\/p>\n<p><strong>&#8220;Old problems like political corruption remain unresolved, and new problems like &#8216;legal warfare&#8217; have emerged,&#8221; Thanathorn stated.<\/strong><\/p>\n<p>&#13;\n<\/p><\/blockquote>\n<p>\u00a0<\/p>\n<p>He explained that mechanisms designed for oversight in the 1997 Constitution are now being <strong>&#8220;used as tools for political destruction.&#8221;<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>He further suggested that <strong>&#8220;a certain group of people&#8221; <\/strong>are actively trying to <strong>&#8220;stop time&#8221;<\/strong> politically to preserve their own social order and economic interests, creating a significant barrier to Thailand&#8217;s adaptation to global changes.<\/p>\n<p>\u00a0<\/p>\n<p>Thanathorn painted a stark picture of Thailand&#8217;s economic decline, presenting GDP growth figures over three decades:<\/p>\n<ul>&#13;<\/p>\n<li><strong>1990s: Average annual growth of 7%.<\/strong><\/li>\n<p>&#13;<\/p>\n<li><strong>2000s: Fell to 5.3% per year.<\/strong><\/li>\n<p>&#13;<\/p>\n<li><strong>2010s: Dropped further to 3.2% per year.<\/strong><\/li>\n<p>&#13;<\/p>\n<li><strong>Current decade (2020s): A mere 2% average annual growth.<\/strong><\/li>\n<p>&#13;\n<\/ul>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 Thanathorn Juangroongruangkit, the prominent leader of the Progressive Movement and former head of the now-dissolved Future Forward&hellip;\n","protected":false},"author":2,"featured_media":274875,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,103978,103977,731,103976,103979,16,15],"class_list":{"0":"post-274874","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-thai-economy","11":"tag-thai-politics","12":"tag-thailand","13":"tag-thailand-politics","14":"tag-thanathorn-juangroongruangkit","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114880256668338231","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/274874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=274874"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/274874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/274875"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=274874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=274874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=274874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}