New Thai constitution promises constant political flux

Significance

To generate public support, the CDC this week circulated the draft's main provisions. Compared to Thailand's last two 'permanent' constitutions -- those of 1991 and 2007 -- the drafting of a new constitution is an ambitious undertaking, since it aims not only to rewire the domestic political system but also to narrow wider socio-economic disparities.

Impacts

• The new constitution could facilitate Thailand's participation in the TransPacific Partnership and the ASEAN Economic Community.
• Reintroduction of large-scale social programmes will result in chronic fiscal deficits, dampening investor confidence.
• Since Prayuth is keen to normalise Thailand's key foreign ties, he will avoid delaying elections beyond early 2016.