Abhisit Vejjajiva is the newest man to take on the job of leading Thailand. In fact, he is the fourth leader in just 12 months. He has come into power when Thailand is taking a downward spiral right into a recession. Vejjajiva adamantly admits his government is stable but just two years ago, corruption and conflicts of interest threatened the government and the economic stability.
Thailand's financial crisis begins with a loss of $8 billion in "tourism and trade revenue, and inflicted incalculable damage on Thailand's reputation." Thailand has a $3.35 billion stimulus package which has been criticized by businesses however, the World Bank argues that the package will go far enough for now, but more action might be needed in the future.
"Abhisit also pledges to defuse the gathering insurgency in Thailand's mostly Muslim south along the Malaysian border, where more than 3,000 people have died in a five-year separatist conflict." Abhisist insists that his government is different and that he refuses to leave this issue with police and it will become a priority of his new government.
Ashley Hartz
Thailand
Tuesday, February 17, 2009
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