(Article of book - 2008)

Document title

Thai capital after the 1997 crisis

Authors(s) and Affiliation(s)

PHONGPAICHIT P. (Editeur scientifique) ; BAKER C. (Editeur scientifique) ;


In Thailand, the 1997 crisis was not only a massive shock but also a major turning point. It marked the end of the era when the economy was powered by local entrepreneurship. 25 % of major business groups were wrecked and foreign capital pour in. The engine of growth is now an export economy dominated by multinational while domestic capital is confined to service and rentier activities. This book, product of a four years project by a dozen researchers, provides a panorama of jolting change. Among other topics, it examines the fate of major business groups, the changing roles of family firms, the success stories of the crown property bureau and the Charoen liquor empire. The impact on business and local politics in the provinces, the exploits of thai multinationals overseas, and the changing interplay between business capital and political power. This work discusses the political consequences and the policy implications of these major changes, and questions whether domestic capital in countries like Thailand has any future in a globalized world economy. - (GL)



ISBN : 9-789749-511367

Editor : Silkworm Books, Chiang Mai - THAILANDE (2008)

Millesime : 2008  [309 pages]

Bibliographic references : 16 p.

Collation : Illustration ;




Réseau PRODIG - Paris

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2008.
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