TY  - BOOK
AU  - Pasuk Phongpaichit
AU  - Baker,Christopher John
TI  - Thai capital: after the 1997 crisis 
SN  - 9789749511367
AV  - HC445 .T395 2008
U1  - 338.9597 BAK 
PY  - 2008///
CY  - Chiang Mai, Thailand
PB  - Silkworm Books
KW  - Financial crises
KW  - Thailand
KW  - Economic conditions
KW  - 1986-
KW  - Economic policy
N1  - Includes bibliographical references (p. 279-294) and index
N2  - The 1997 crisis was not only a massive shock but also a major turning point for Asian economies. In Thailand, it marked the end of an era when the economy was powered by local entrepreneurship. Around a quarter of major business groups were wrecked. Foreign capital poured in. The engine of growth is now an export economy dominated by multinationals, while domestic capital is confined to service and rentier activities.

This book, the product of a four-year project by a dozen researchers, provides a panorama of this jolting change. It examines the fate of major business groups, the changing role of family firms, the transformation of the automotive industry, the invasion of the megastores, the saga of the mobile phone, the success stories of the Crown Property Bureau and 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. Finally, it questions whether domestic capital in countries like Thailand has any future in a globalized world economy
ER  -