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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.

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