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Thai infrastructure drive will seek foreign money

Friday, August 4, 2017

Significance

This will constrain future civilian governments from implementing policies not in line with existing master plans. Thailand’s military government will use this as a guarantee to foreign investors that the country’s new wave of infrastructure planning cannot be undone after the next national election, slated for late 2018.

Impacts

  • Development of transport links under the EEC could spur tourism growth.
  • Further eastern seaboard industrial development could see economic inequality and underdevelopment in other regions.
  • Employment exceptions made for Chinese contractors could spur Chinese demands for similar exceptions elsewhere in ASEAN.
  • Using Chinese labour to build infrastructure in ASEAN will see local backlashes if economic benefits are not spread.
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