The Thai Economy

Structural Changes and Challenges Ahead

Authors

  • สมบูรณ์ ศิริประชัย Faculty of Economics, Thammasat University

Abstract

Over the last century, several of vested-interest groups have been taking part in the political life in Thailand. However, the king and his royal family have been the central of political agenda while the military, the civilian bureaucracy have played a significant role in shaping Thai politics. Apart from that political parties have been involved from time to time since 1932. It is very true that in the traditional system from Sukothai to Coup d’ etat in 1932, the king was clearly the center of political life to the greater extent that the king held extensive power. Moreover, he took responsible for the administrative, judicial, military, religions and cultural life of the country. He also appointed center and provincial officials, issued edits on a variety of subjects, made a decision on legal issues, oversaw preparations for war, protected the Buddish faith and provided generous support for the arts which was essential for any king of Thailand. Furthermore, many Thai monarchs represented leading intellectuals-and poets and others for instance, king Mongkut (1851-1867) and king Chulalongkorn (1868-1910) were considered to preserve Thailand’s independence from the west in an era of colonial expansion.

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2018-07-25

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ศิริประชัย ส. (2018). The Thai Economy: Structural Changes and Challenges Ahead. Thailand and The World Economy, 27(1), 148–229. Retrieved from https://so05.tci-thaijo.org/index.php/TER/article/view/136643