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Why is The Financial Times Smearing Thailand?

9 21 0
04.07.2019

Southeast Asia has become a defacto battleground for the wider war waged between the United States and an emerging China.

The nation of Thailand, possessing the second largest economy in ASEAN and a pivotal partner for China’s Belt and Road Initiative (BRI), has just emerged from turbulent elections in which US-backed “pro-democracy” parties were defeated both at the polls and in parliament leaving Thailand’s military-linked political party in control.

As previously warned, the United States has no intention of simply accepting the defeat of its political proxies in Thailand. Instead, it has shifted toward undermining political and economic stability.

The bulk of this effort comes in the form of the Western media and associated “nongovernmental organisations” (NGOs) funded by the US and Europe but operating inside of Thailand.

An example encapsulating these efforts comes to us from the Financial Times. Its article, “Thailand remains the sick man of south-east Asia,” published by “FT Confidential Research” attempts to portray Thailand as especially ailing economically.

Yet the narrative and graphs constituting the article are clearly manipulated to merely give the impression of a lagging economy, intentionally taking many facts out of context and dishonestly conflating different trends with Thailand’s ongoing political developments.

While we all most likely understand the ability of influential media platforms to manipulate statistics to portray virtually any reality they wish to sell the public, it is still worth looking at just how FT does this in regards to Thailand and to understand why.

Regional GDP: Comparing Apples and Mangos

FT claims:

Since 2014, GDP growth has limped along at an average 3.6 per cent, far slower than the other Asean 5 economies, which have expanded at rates of between 5 and 6.2 per cent in that time.

GDP growth depends on a many factors. It depends on domestic and global economics, the type of economy a nation possesses and the stage at which it is developing. More established economies have slower GDP growth. While their growth rates may be smaller than other nations, their GDP itself is larger.

For Thailand, despite having the fourth largest population in ASEAN, it possesses the second largest GDP.

It’s economy and infrastructure is well developed and comparing its GDP growth to nations still in the process........

© New Eastern Outlook