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Article: Growth or Happiness? Thailand's coup could derail a tiger economy.
- Article from:
- Newsweek International
- Article date:
- October 16, 2006
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Byline: George Wehrfritz
When tanks rolled into Thailand's sprawling capital on Sept. 19, countless Bangkok dwellers celebrated the ouster of a leader many urbanites had come to despise. But what they perhaps didn't realize is that the coup d'etat that toppled Prime Minister Thaksin Shinawatra also delayed the arrival of rumbling vehicles of another sort: hundreds of light-rail carriages.
Indeed, a massive planned expansion of Bangkok's rudimentary public-transit system is just one of the projects that could be sidetracked during military rule. "We're not [expecting] big moves in infrastructure," says Yiping Huang, a regional analyst at Citibank in Hong ...