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ECONOMIC PERSPECTIVE: Thai history repeats itself, NATION
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THANONG KHANTHONG
The Nation (Thailand)
01-28-2000
IN the late 19th century, old Siam under King Chulalongkorn confronted
a threat from European imperialism. The King had to find a way to guard
independence, while resisting European ambitions for political and commercial
gains.As Anand Panyarachun, a former premier, wrote (Time magazine, Aug
23-30, 1999): ''To confront the colonial powers openly would have courted
disaster; to shut off his kingdom from the outside world andoppose foreign
concepts and thinking would also have led to catastrophe.'' What was the
choice of King Rama V then? ''King ...
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