You are here
Brown Bag Lecture Series
Brown Bag Lecture Series
Thailand's Crisis: Who Cares About the Economy?
Co-sponsor: WEAI as part of the “Global Financial Crisis” series
Duncan McCargo, Professor of Southeast Asian Politics, School of Politics and International Studies, University of Leeds gave his views about the economy and the tumultuous political situation in Thailand. Despite the global economic downturn, Thailand has been convulsed since mid-2008 with internal political problems which have culminated in dramatic and highly damaging events such as the November 2008 Bangkok airport occupation and the abandoned Pattaya ASEAN summit of April 2009. Protestors on both sides of the yellow/red, pro-Thaksin vs pro-monarchy divide have acted in complete disregard for business considerations such as the need to sustain tourism and the desire to maintain levels of international investment. Professor McCargo argued that recent developments in Thailand illustrate the limitations of economic arguments as explanations for political behaviour; the Thai elite and much of the country's populace have demonstrated a persistent preference for 'irrational' over 'rational' choices, acting contrary to their collective and individual economic interests because of an over-riding sense of intense political polarization.
The ongoing political turmoil in Thailand is the result of a deep rooted conflict within Thai society surrounding the legitimacy of the Thai state, Professor McCargo explained. Does the legitimacy of the Thai nation lay with the Thai people or the monarchy? As long as this conflict remains unsolved, the political situation in Thailand will remain volatile.
APEC Study Center
2M-9 Uris Hall
New York, NY 10027-7004
The ‘History Problem’
My Fight for a New Taiwan: One Woman's Journey from Prison to Power
Culture and Everyday Life in North Korea
The Curl Ideas to wrap your mind around
Is Australia on the Wrong Track?
Australian Prime Minister Tony Abbott has defended many of his government’s reforms by invoking the American model of cutbacks on spending.Read More
Wounded Warrior Project: Leading from the Front
As the WWP entered its second decade, what governance policies and practices would ensure its continued success?Read More
Wei Jiang Named Director of Chazen Institute
Wei Jiang, the Arthur F. Burns Professor of Free and Competitive Enterprise in the Finance and Economics Division, has been appointed Director of the School’s Jerome A. Chazen Institute of International Business.Read More
Sharp Electronics in 2013
In 2013 Sharp Electronics shareholders expressed their outrage in the face of the company’s unmet technological challenges, plunging share price, and governance missteps. To turn Sharp around, President Kozo Takahashi would be forced to undo decisions that his predecessors had made and break with past traditions concerning Sharp’s corporate governance. Would Takahashi be successful in steering Sharp away from insolvency and towards a more competitive position in the worldwide consumer electronics industry?Read More
Are You Seen as a Jerk at Work? A New Study Reveals That Many People Are Oblivious to How They Come across to Counterparts and Colleagues
Columbia Business School research highlights the disconnect between peoples’ own views and their counterparts’ views of their assertiveness—and the impact it can have on negotiationsRead More
New Insights on the Factors That Intensified the 2008 Financial Crisis
Columbia Business School study says analysts’ concerns about fair value accounting clouded the already murky waters, fueling the crisisRead More
Beyond China: Where Asian Growth Is
For investors and deal-makers, there is ample opportunity beyond China and India said Changyong Rhee of the IMF at a recent Chazen Institute event.Read More
Time Warner Restructures
What were the strategic implications of Time Warner’s plan to spin off Time Inc.?Read More