Can Thai Junta Convince Investors It Knows What It's Doing?
- Military government working on country's 20th constitution
- Foreign investment slumps 78 percent as economy stagnates
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Thailand is waiting for a new constitution, waiting for the restoration of democracy, waiting for the succession in its monarchy, waiting for an economic recovery and waiting for rain.
While the junta says it is taking the time and steps needed to unify the Southeast Asian country’s polarized political factions, overseas investors have voted with their feet. Applications for foreign direct investment slumped 78 percent in the first 11 months of 2015. Exports have fallen for three straight years.