No booner, that was Global Financial Crisis or GFC. The Asian Financial Crisis (triggered by the collapse of the Thai baht), happened one decade earlier in 1997. It was in the aftermath of that the spurious term thaksinomics came about, which was actually coined by the then President of the Filipines. Looking back, I suppose the political downfall of Thaksin by the shamefaced Thai "elite" was thus set in concrete, and maneuvered accordingly.
Thailand is a much worse country now. Pattaya however, carries on it's merry way.
Thailand is a much worse country now. Pattaya however, carries on it's merry way.
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