The reason for wariness is doubt over reforms that impinge on economic performance. It's not as advertised. With an election due later this year, the prospect of even just talking about liberalization is dimming. Politicians must court those for whom economic reform may be prejudicial to business interests. Moreover, if investors had thought that the Asian Crisis had put paid to the old modus operandi, they've discovered this to be false.
Corruption remains rife.
True, Thailand has other problems, such as an overhang of debt, that stall its economy. That in a nutshell is why investors cannot mai pen rai. Hong Kong Votes . JUST DAYS before polling for Hong Kong's Legislative Council, a temporary stand offering cheap mobile phones at a busy intersection in the business district attracted more interest than election workers nearby handing out flyers. Understandably, the campaigners showed every sign of ennui.