Reuters: Is Bangkok the Worldwide Trade Depression?
By John Batchelor on April 13, 2009 at 7:25 PM in Commerce, G20, Japan, Southeast Asia, Thailand
The failure of the London G20 to reach agreement about protectionism, tariffs, retaliation and the clear cliff-diving of world trade may or may not be related to the civil unrest in Bangkok and throughout Thailand. I spoke to Mary Kissel, Asia Wall Street Journal, on Sunday 12, at Hong Kong, and she told me she had been scheduled to travel to Bangkok for Easter weekend but was turned back by the disorder. Japan’s economy is also falling sharply and there is no unrest in Tokyo. Is there a connection between an organized (red shirts) challenge of a central government over many years standing and the current unemployment, sinking markets, long-term downturn in East Asia? Unknown.
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