Thailand's National Security Crisis

The Cold War between the United States (U.S.)ùallies includedùand the Soviet Union lasted roughly from the end of World War II to early in the 1990Æs and was characterized by a lack of direct armed combat in the field. Unlike a typical war, it did not pit countries against each other in terms of soldiers or battles. Rather, it was fought primarily strategically, through indirect means, such as economic pressure, the spreading of propaganda, and other non-combative political tactics. A long ôwar,ö the Cold War was in many ways responsible for political insecurity that extended around the world, even to those countries such as Thailand who were not involved in the conflict. One reason for this is that the arms race between the Soviet Union and the NATO countries resulted in a massive build-up of weaponry that posed a threat to everyone, particularly since the arms race between the Soviet Union and the U.S. in particular featured a competitive build-up of nuclear weapons. Although the Cold War did not take as many lives as traditional wars, it focused the attention of the world on the possible threat of nuclear extinction, and as such it had a significant impact on the thinking and responses of people and nations for a long time to come. If there was any overriding effect of the Cold War, it was a deep and understandable concern about securityùespecially military security.

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s transformed not only ThailandÆs economy but its political environment and its society as well. Not only does capitalist industry occur with individuals or groups of investors owning their own businesses and competing with one another as the norm, but trade and commerce become more important and producers become more distant from their products5. Capitalism is a systemùa way of organizing economic productionùand it also restructures the society that it operates in: Capitalist enterprise demands a social system where a working class has at least some of its labour for sale, purchased by a smaller class of business owners and managers. National borders do not necessarily bind their structuration, for globalisation is clearly a phenomenon of capitalist development and domination, as seen during the colonial period5. The expanded capitalist class emerging during the boom challenged the financial dominance of the big banks, which managed the supply of domestic investment funds5. Although the banks did well in the boom and aggressively financed exports, their dominance was challenged by foreign investors seeking local partners, the easing of controls on capital flows that allowed domestic borrowers to go beyond domestic banks, an
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Approximate Word count = 7186
Approximate Pages = 29 (250 words per page)

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