10 Jul '11, 5am

Thailand set for return to 'Thaksinomics'

BANGKOK: Riding a wave of support among rural voters, Thailand's incoming premier plans a raft of populist measures to narrow the rich-poor divide, at the risk of higher inflation and public debt. A rise in the minimum wage, increased rice prices for farmers and free tablet computers for primary school students are some of the promises that helped propel former premier Thaksin Shinawatra's Puea Thai Party to victory. The one-time billionaire telecoms tycoon, who was ousted by the military in 2006 after five years in power, is adored by Thailand's rural poor for his populist policies such as cheap healthcare and microcredit schemes. Now his sister Yingluck is set to follow in his footsteps as Thailand's first female premier, marking a return to her brother's expansionary policies targeting the rural poor that came to be known as "Thaksinomics". "The concept of the policies ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

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Thailand set for return to 'Thaksinomics' policies aimed at narrowing the rich-poor divide

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