INREVIEW: BOOKS
Issue
cover-dated November 16, 2000
HOW THE CRISIS CHANGED THAILAND
By Bertil Lintner
Asia's financial crisis has spawned a slew of books giving
big-picture, macroeconomic analyses of the regional collapse.
Thailand's Crisis, for a change, examines in highly readable detail
the social and cultural impact of the 1997-98 crisis on one country
and the political changes it generated.
Authors Pasuk Phongpaichit and Chris Baker, two of Thailand's
best-known social critics, maintain that corruption scandals and
government profligacy did not greatly trouble most Thais before
1997. They began mobilizing against these practices, and demanding
justice and accountability, only as the recession cut into their
livelihoods. These demands led to political reform, a new
constitution and a greater assertiveness by civil society. Many
Thais also questioned the growth-oriented values of the 1980s and
explored vague alternatives like "Buddhist economics."
Pasuk and Baker blame the International Monetary Fund and the
World Bank for exacerbating Thailand's crisis: "The IMF's first
priority is to maintain the stability of the international financial
system, and that means that the big players are not damaged. Its
second is to enforce neoliberal policy reforms. Achieving recovery
comes in third place."
But they argue that official ineptitude has also spurred
Thailand's many non-governmental organizations to push for human
rights, environmental protection, better health care and other
issues. These social groups, the authors say, are emerging as
"the conscience of the society and will act as forces for
change toward a better future."
Bertil Lintner is a REVIEW correspondent based in
Thailand
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