Thai Government & Politics
After the country went through a peaceful transformation in 1932, sovereign power came to belong to the Thai people, with the King as the Head of State who is above partisan politics and discharges his role in accordance with the country’s Constitution. Despite periods of political turbulence, Thailand’s political history reflects the country’s unwavering commitment towards becoming a full-fledged, multi-party democracy, with accountability, transparency, good governance, as well as respect for human rights and the rule of law being among the main guiding principles.
With the resiliency and fundamental strengths of the Thai society, the country has been able to continue its stride along the path of development, guided by the traditional Thai traits of tolerance, common sense and preference for peaceful solutions to problems. Over the past decades, there has been a remarkable continuity in policy direction, providing a predictable framework for investors and businessmen.
Successive Thai governments have always been committed to certain fundamental policy principles: friendly relations with all its neighbors and a responsible and constructive foreign policy, an open-market economy, hospitality toward foreign investors and tourists, sound macro-economic policies with fiscal and monetary prudence and the improvement of the country’s infrastructure to increase competitiveness and achieve sustainable development. These policies are underpinned, among others, by the vibrant private sector and the strength and continuity of the civil service of the nation, which oversees the implementation of policies and execution of laws throughout the country.