Thailand's real gross domestic product growth has fallen to a permanently lower trend, making it the worst performer in the Southeastern Asian region. The export sector, the country's long‐standing growth engine, has sputtered due to the declining competitiveness of the manufacturing sector. Chronic political instability during the last two decades has resulted in the adoption of short‐sighted policies, in particular, populist policies designed specifically to garner votes rather than improve the long‐term productivity of the business sector. The military coup was expected to restore political stability and end costly populist policies introduced by elected civil governments. Unfortunately, as the military government develops its long‐term political aspirations, it, too, seeks the assistance of populist policies to ensure its political success. Thailand has promulgated laws and regulations to ensure fiscal discipline, but it has yet to be seen whether the letter of the law can help prevent such populist policies in practice.

中文翻译：

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泰国的政策挑战

泰国的实际国内生产总值增长率已降至永久较低的趋势，使其成为东南亚地区表现最差的国家。由于制造业竞争力下降，作为该国长期增长引擎的出口部门已经步履蹒跚。过去 20 年的长期政治不稳定导致采取了短视的政策，特别是专门为获得选票而不是提高商业部门的长期生产力而设计的民粹主义政策。预计军事政变将恢复政治稳定并结束民选政府推行的代价高昂的民粹主义政策。不幸的是，随着军政府发展其长期的政治抱负，它也 寻求民粹主义政策的帮助，以确保其政治成功。泰国颁布了确保财政纪律的法律法规，但法律条文是否有助于防止这种民粹主义政策在实践中发生还有待观察。