Thai king's demise will slow economy and delay polls
Friday, October 14, 2016
Significance
Prime Minister Prayuth Chan-ocha has ordered a one-year period of mourning and proclaimed Crown Prince Maha Vajiralongkorn as the next monarch. The crown prince has been the designated heir since 1972.
Impacts
- US-Thai relations could weaken further in coming years.
- Thaksin's link to the crown prince is the most serious risk to a smooth succession.
- The economic impact of the transition will be short-lived.