Thai junta taking control of economy

Revolutions are spreading. The Wannabes are on the march.

Move comes on the back of decades of deeply embedded corrupt practice among politicians and bureaucrats.

Anadolu Agency
22 June 2014

The Thai military is rapidly taking control of Southeast Asia's second largest economy with an overhaul of state enterprises, a suspension or cancellation of some of the previous government's infrastructure projects and efforts to build bridges with foreign investors.

The move comes after decades of corruption in the country's infrastructure, previous Prime Minister Yingluck Shinawatra - for one - removed from office after being found guilty of having illegally transferred a high ranking civil servant for personal gain.

Local and foreign business communities have generally welcomed the May 22 coup, as it brought an end to demonstrations that had crippled the government, rendering it unable to move the economy forward.

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