This article, after a few interruptions, is Part 3 of "Changing Thailand: The Series." It began with a prologue that presented an overview, emphasising that Thailand has been lagging behind its neighbours in terms of per-capita income growth.
"Part 1: Need to Change" demonstrated how, for the past six years, debts have been outpacing incomes. Increasing indebtedness will eventually cause the Thai economy to come to a standstill, or even a collapse, after financing sources become exhausted.
