Business Groups and the Thailand Economy Escaping the Middle-Income Trap

• Main Author: Wailerdsak, Natenapha
• Format: eBook Book
• Language: English
• Published: Oxford Taylor & Francis 2023; Routledge; Taylor & Francis Group
• Edition: 1
• Series: Routledge Focus on Business and Management
• Subjects: ASEAN Economic Community; Asian economies; Bot; Business and Management; Business and politics; Business and politics > Thailand; Business Groups; Business networks; Business networks > Thailand; Chinese Government; Corporate Governance; Development economics and emerging economies; Economic development; Economic development > Thailand; Economics; Economics, Finance, Business and Management; emerging economies; FDI Flow; foreign direct investments; General management; growth model; High Income Status; Income; Income > Thailand; Industrialisierung; inequality; Interdisciplinary studies; International business; Kingdom Of Thailand; Konzern; Latecomer Country; Latecomer Nation; Low Cost Advantage; LTP; Middle Income Nation; Middle Income Trap; National Innovation System; Premature Deindustrialization; PTT; Rayong Province; Reference, Information and Interdisciplinary subjects; Regional / International studies; Siam Cement Group; SME; Standalone Firms; Super-aged Society; Thai Companies; Thailand; Thailand > Economic conditions > 1986; Thailand > Economic policy > 1986; True Corporation; Wirtschaftswachstum; Business Groups; Asian economies; High Income Status; Middle Income Trap; Corporate Governance; growth model; LTP; foreign direct investments; National Innovation System; Chinese Government; Thai Companies; PTT; True Corporation; Kingdom Of Thailand; Super-aged Society; Latecomer Country; Standalone Firms; Bot; Latecomer Nation; SME; CP; Low Cost Advantage; Middle Income Nation; inequality; Premature Deindustrialization; Rayong Province; FDI Flow; ASEAN Economic Community; Siam Cement Group; emerging economies
• ISBN: 9781000885927; 1000885925; 9781032441153; 1032441143; 1032441151; 9781032441146; 1000885968; 1003370535; 9781003370536; 9781000885965
• DOI: 10.4324/9781003370536

Business Groups and the Thailand Economy examines the role of business groups, specifically state, local, and foreign capitals in the economic development of emerging economies and highlights why business groups are essential in helping a country break out of the middle-income trap. Wailerdsak reviews Thailand's industrial and economic growth strategies through the local and international investors and explains why business groups are one of the key drivers of economic advancement and why they help to avoid the middle-income trap. The author also examines their business power expansion methods, including selection and specialization, political influence, mergers and acquisitions, outward FDI and business alliances. The book concludes with policy recommendations of how the government can engage business groups to accelerate high-tech industrialization and create jobs. The middle-income trap issue faced by Thailand would be of interest to many emerging economies, especially scholars and policymakers researching on Asian business and management, Asian economies, developmental economics, political economy, policy studies, corporate governance, entrepreneurship, and private company strategic management in emerging countries.