This article surveys the key political and economic highlights of Thailand in 2002. The party of Prime Minister Thaksin Shinawatra consolidated its power by absorbing several opposition parties, thus cementing its unassailable hold on the House of Representatives. This, in turn, gave the party the ability to legislate virtually unopposed while guaranteeing both political stability and policy continuity for the rest of the prime minister's term. Meanwhile, the Thai economy, though still saddled with massive debt, rebounded strongly, led by robust private consumption and bolstered by loose monetary and fiscal conditions.
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Errata: In the September/October 2016 issue (volume 56 number 5, pages 836 and 849), there was a technical printing error in Figures 1b and 2 of the article by Ajay Raina that resulted in a loss of data on the graphs. This online article contains the restored figures in their original, correct state. The error is regretted.