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Thailand's rice saga and fall of Yingluck Shinawatra

It is a lesson for future leaders of Thailand and other countries to steer clear of any policy resembling market manipulation.
Tuesday, May 26, 2015 - 05:50

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Although there were multiple events that led to the coup and removal of Yingluck, the rice pledging scheme is still the most threatening to her future political aspirations and freedom.

IT was simple maths for former businesswoman and prime minister of Thailand, Yingluck Shinawatra, to win the July 2011 election and lead the Pheu Thai Party: guarantee the procurement price of rice paddy for farmers at 15,000 baht (around US$450 or S$600) per tonne. This was 4,000 baht above the

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