![]() ![]() It’s too early to discuss his economic record, but it will probably be better than that of his predecessors: Ukraine is starting from a low base, and it has plenty of help from its powerful civil society and international experts. Last year, the billionaire owner of a confectionary empire, Petro Poroshenko, became president of Ukraine. His reluctance to give up power later cost Thailand years of political strife and bloody street clashes. In 2006, he was overthrown in a military coup and convicted, in absentia, of corruption. When he sold his assets, for instance, he failed to pay Thai taxes. Like Pinera, however, Thaksin was heavy-handed in dealing with protest, and he never really ceased to think like a businessman. He’s credited with Thailand’s economic rebound after the Asian financial crisis of the late 1990s, and Thaksinomics, which included a massive support program for small business, resulted in spectacular economic growth. Remember Ross Perot and Herman Cain?īillionaire Thaksin, unlike Pinera, was hugely popular and overwhelmingly won re-election. Romney failed, of course, as did other business leaders before him, who promised to run America more like a corporation. “Businessmen - even great businessmen - do not, in general, have any special insights into what it takes to achieve economic recovery,” Nobel prize-winning economist Paul Krugman wrote in 2012, when entrepreneur Mitt Romney was running for president. by most accounts, strong business leaders have not been successful as presidents - Herbert Hoover, Jimmy Carter and George H.W. ![]() The intuition behind Sipila’s voter appeal isn’t necessarily correct, however. Sipila and his Centrist Party want to concentrate on balancing the budget and improving the tax climate for business. After Nokia’s collapse, Finland discovered that it was a relatively backward economy, too reliant on a shrinking pulp and paper industry and on ties with Russia. Someone who has built and managed businesses, negotiated tough commercial deals, and handled budgets and business plans should be in his element running a country, especially one that sorely needs a turnaround, mainly for business-related reasons. ![]() This advertisement has not loaded yet, but your article continues below. Manage Print Subscription / Tax Receipt. ![]()
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