Bangkok: As Thailand gears up for the 2026 elections, economic policy has emerged as the focal point, with political parties vying to present their strategies amidst a challenging global economic landscape. Current global uncertainties, such as record-high gold prices and concerns about the US economy, have prompted a cautious approach worldwide.

According to Thai News Agency, Associate Professor Dr. Kiatianan Luangkaew from Thammasat University's Economics Department provides an analysis of the economic strategies proposed by the major political parties. The analysis indicates that over 70% of these policies are designed to tackle immediate economic challenges, while only 30% focus on long-term solutions. Dr. Kiatanan suggests that this approach is politically motivated, as immediate relief for the populace is more appealing than distant, long-term policies.

Dr. Kiatanan also highlights the gap between policy slogans and practical implementation. Proposed policies, including electricity bill reductions and a 20-baht BTS fare, aim to address immediate concerns, but their sustainability remains in question. For lasting impact, policies need to ensure stable employment and incomes that exceed expenses, areas that remain inadequately addressed by any political party.

Another critical issue identified by Dr. Kiatanan is the lack of comprehensive risk management and economic restructuring policies. With Thailand's economy heavily dependent on the global market, there is a pressing need for policies that reduce this dependency. Dr. Kiatanan emphasizes the importance of market-driven production, advocating for a marketing policy that supports the country's SMEs, thereby driving economic progress beyond ministerial achievements.

In light of these considerations, Dr. Kiatanan advises voters to prioritize leadership qualities over specific policy promises in the upcoming election. He suggests focusing on candidates' management capabilities and their ability to adapt to future challenges. The election, therefore, is not just about appealing policies but about choosing leaders who can navigate Thailand through potential global economic upheavals.