Former Finance Minister reveals 4 problems that the next government must face must be prepared to cope with the economic slowdown Gas and oil surge from the poison of war If Thailand will trade with China The use of digital Yuan and the development of land transportation between Thailand and China must be urgently determined.
On Sunday, March 12, at 10:00 a.m. at Sida Room, Rattanakosin Hotel, Ratchadamnoen Road, Bangkok, ‘The 3rd Council’ together with the May 35 Heroic Relatives Committee held a discussion on the topic of Thailand ‘The importance of world geopolitics with the economy and politics of Thailand’ By Mr. Adul Kheawboriboon Chairman of the May ’35 Relatives Committee, Mr. Teerachai Phuwanatnaranuban Former Minister of Finance, Mr. Prida Tiasuwan, Chairman of Social and Environmental Business Network (SVN.), Assoc. Prof. Dr. Anusorn Tamajai, Director of Pridi Banomyong International College Thammasat University and Mr. Metha Maskhao, Secretary-General of the Democratic Campaign Committee (CRP) and independent academics joined the discussion.
Mr. Adul Kheawboriboon The chairman of the May 35 Heroic Relatives Committee opened the event saying While Thailand will enter the election Every political party campaigns for votes and ignores the changing global geopolitics. like China joining hands with India And in the past, Thailand was dominated by Western nations, so investors, merchants or governments were like being between buffalo’s horns. or two ways between the influence of a superpower Therefore, trading or investing must understand the powers in the world and the changes in powers as well.
Mr. Thirachai Phuwanatnaranubaan The former finance minister said the world’s geopolitical movement focused on international relations. The next government will face 4 problems.
1) Economic slowdown Originated from the 2008 hamburger crisis in the West. Continuing the COVID-19 crisis and Western nations are solving the same problem. throwing money to the people When inflation is relentlessly high Western banks choose to raise interest rates to reduce inflation. therefore using monetary policy as a solution to find mistakes because the problem is caused by fiscal policy is to use monetary policy to solve fiscal policy problems. thus causing the economy to slow down Global trade fell, with China dropping exports by more than 6% and imports by more than 10%.
2) Impact on the US economy compared to Russia by Russia despite being sanctioned by many countries But Russia exports the world’s essential commodities. Can support longer But the United States poured money into Ukraine in the Ukrainian war. While European countries buy gas from Russia at a price lower than world prices by 1/10 or have low gas costs. But when the Russian war invaded Ukraine European sanctions by canceling Russian gas purchases causing the cost of gas in European households to rise before the Russo-Ukrainian war by 40%, so the price of natural gas in the world market is higher Affects Thai people because the government changed the ceiling on current cooking gas prices. by linking it to Saudi Arabia’s gas If gas prices in the world market increase The price of cooking gas in Thailand has also increased. But European countries that sanctioned Russia scrambled to buy oil at world market prices and would make world oil prices more expensive as well. which definitely affects Thailand as well, and food prices will increase From the Russo-Ukrainian war, which these two countries are the world’s largest grain exporters. In total, 29% of the world’s exports are barley, while sunflower oil is 79% of the world’s exports.
3) The trading world is divided into 2 camps. East and West is the United States and China. which China accelerates to expand its influence in Southeast Asia If Thailand will trade with China China’s use of the digital yuan should be dictated. as well as the development of land transportation between Thailand and China urgently
4) Global Warming Problems Western countries, especially Europe, impose import duties on goods made from countries with high carbon emissions. This means that any country that uses a lot of fossil fuels to generate electricity will have to waste here and it will be an obstacle to the export of Thai products to Europe. Because Thailand still generates electricity using a large proportion of fossil fuels.
“In order not to let Thailand run after problems like the government solved the problem of COVID-19 in the past. Therefore, we call on all political parties to be aware of the problem of geopolitics and what policies are proposed to the public to deal with this problem. Mr. Teerachai said