What is New Aspiration Party?
{{Infobox political party | name = New Aspiration Party | logo = | colorcode = #FFFF00 | leader = [[Chavalit Yongchaiyudh]] <small>(1990-2002)</small><br>[[Chingchai Mongcoltam]] <small>(since 2002)</small> | president = | chairman = | secretary_general = Juluek Boonchai | spokesperson = | foundation = {{Start date|1990|10|11|df=y}} | dissolution = | ideology = [[Populism]]<ref>{{Citation |first=James |last=Ockey |title=Variations on a Theme: Societal Cleavages and Party Orientations Through Multiple Transitions in Thailand |journal=Party Politics |date=November 2005 |volume=11 |number=6 |pages=728–747 |doi=10.1177/1354068805057607 |s2cid=145656907 |quote=Other leading contenders included New Aspiration, another populist party,...}}</ref> | headquarters = [[Lat Phrao District|Lat Phrao]], [[Bangkok]], Thailand | website = | country = Thailand | native_name = พรรคความหวังใหม่ }} The '''New Aspiration Party''' (''Phak Khwam Wang Mai {{lang-th|พรรคความหวังใหม่}}'') is a [[political party]] in [[Thailand]]. The party was founded in 1990 by General [[Chavalit Yongchaiyudh]] after his retirement as Commander-In-Chief of the [[Royal Thai Army]].<ref name=change>{{cite book |title= Political change in Thailand |last= Hewison |first= Kevin |year= 1997 |publisher= Routledge |isbn= 0-415-14795-6 |page= [https://archive.org/details/politicalchanget00hewi/page/n143 127] |url=https://archive.org/details/politicalchanget00hewi}}</ref> This party won the [[Thai general election, 1996|elections of 1996]] and formed a coalition government with Chavalit as [[List of Prime Ministers of Thailand|Prime Minister]]. The onset of the [[Asian Financial Crisis]] in 1997 diminished the electorate's confidence in the government, and Chavalit was forced to resign. Discredited as a result of the economic crisis, Chavalit formed a coalition with the [[populism|populist]] [[Thai Rak Thai]] Party led by [[Thaksin Shinawatra]] to take part in the [[Thailand legislative election, 2001|2001 elections]]. Shortly after the election, the majorit