Thailand Is Only the Tip of Asia’s Iceberg
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Jan. 24 (Bloomberg) -- Rather than add my voice to thechorus pointing out how much damage ongoing protests are doingto Thailand’s economy, I’m tempted to skip ahead and write itsobituary. Cause of death: suicide.
What else is there to say about the semi-permanent state ofemergency and political gridlock in Bangkok? Sooner or later,foreign companies are going to start voting with their feet, asKyoichi Tanada, president of Toyota Motor Corp.’s Thai unit,warned this week. Tourists fearing canceled flights and the oddbomb explosion are going to stop filling the beaches.Neighboring countries are going to look for other solutions totheir logistical and infrastructure needs.