Riding the shockwave

More than two years after the crash, the feel-good factor is beginning to creep slowly back to Thailand. The economy is only expected to grow by a single one per cent in 1999 – but it is at least growth. Last year, it contracted by 8 per cent. Share prices have also been rising to levels not seen in years, albeit on a selective basis. There is nothing like a good shock to shake off the complacency and correct those bad old habits. For Thailand, that fright came on July 2, 1997 when