As a matter of fact, alas, I’m a foreigner but agree his opinion in the NIKKEI article as quoted below.
May 26, 2014 7:00 pm JST
Thailand's 'Teflon' coating gradually peels away.
The easy gains of Thailand's economic development may already have been reaped. The country started out with many inherent advantages, requiring relatively little active government support, apart from getting the basics right. The next leap, however, will require a shift to more advanced production techniques. This, in turn, will require targeted allocations of sparse public funds for an upgrading of infrastructure that can meet the needs of more sophisticated companies, whether in manufacturing or services.
Alas, Thailand has been slipping. It is the only major Asean economy that, over the past decade, has fallen in the World Economic Forum's global competitiveness rankings.
Thailand's economy, seemingly oblivious to past political turmoil, will find it ever harder to shake off continued uncertainty. The hope remains that a solution to the country's intractable problems will be found at last. If so, its future is bright. But the clock ticks on and the world doesn't sit still. Competitors are waiting in the wings and the various challenges, if left unaddressed, will only build to the point where they are insurmountable.
History provides many examples of economies prospering only to be derailed by political failings. Thailand's economy has been remarkably resilient, but that should not breed complacency. The Teflon has begun to peel.