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REGAINING LEADERSHIPThai economists like to contrast the country’s performance with Vietnam, whose GDP is expected to surpass Thailand by the end of 2026.Vietnam is also emerging as a leader in Southeast Asia – a position long occupied by Thailand – underlining the danger of Thailand’s declining relevance. Since the military coup of 2014, Thailand has been “essentially absent from the ASEAN table”, a former senior diplomat from the region told me. ASEAN is the 11-member Association of Southeast Asian Nations.But regaining its traditional leadership role is arguably contingent on Thailand restoring and maintaining both internal political stability and economic dynamism.“Political…
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