Blogs from CAA Team.
These blogs are published in various publications and we are reproducing here.
Thailand’s economy has been buffeted by political crises since 2004 when protests broke out against the then Prime Minister, Thaksin Shinawatra. Two military coups, two amended constitutions, several elections and a few bouts of violence later, the country appears to be finally stable again.
ASEAN economies certainly face growing challenges in maintaining robust economic growth in the next year. Despite signs of the US and China reaching a limited trade deal, businesses across the world remain despondent enough to cut back on their spending, thus slowing the world economy. After all, yet more downside risks are proliferating.
Hong Kong has been in turmoil for three months now and there is no sign of a resolution to the protests that were sparked off by the Hong Kong government’s extradition bill that would have allowed easier repatriation of offenders from Hong Kong to other legal jurisdictions including China. Far from fizzling out, the protests have continued on a large…
“You never let a serious crisis go to waste … It’s an opportunity to do things you think you could not do before.” This was the advice given by Rahm Emanuel, the chief of staff to then US President Barack Obama, at the height of the global financial crisis in 2009
By the Hong Kong chief executive’s own admission, there were a number of shortcomings in her government’s push for the unpopular extradition bill. She has also committed to learning from these mistakes. The question is whether those shortcomings or mistakes could have been foreseen, and if anything could have been done to prevent them.