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

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 revie...

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Main Author Wailerdsak, Natenapha
Format eBook Book
LanguageEnglish
Published Oxford Taylor & Francis 2023
Routledge
Taylor & Francis Group
Edition1
SeriesRoutledge Focus on Business and Management
Subjects
Bot
LTP
PTT
SME
LTP
PTT
Bot
SME
CP
Online AccessGet full text
ISBN9781000885927
1000885925
9781032441153
1032441143
1032441151
9781032441146
1000885968
1003370535
9781003370536
9781000885965
DOI10.4324/9781003370536

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Abstract 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.
AbstractList 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.
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.
"'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. Yabushita 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 concentration, 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 policy makers 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."
'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.
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. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC BY-NC-ND) 4.0 license.
Author Wailerdsak, Natenapha
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Keywords 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
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Notes Includes bibliographical references and index
OCLC 1373343556
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Snippet Business Groups and the Thailand Economy examines the role of business groups, specifically state, local, and foreign capitals in the economic development of...
'Business Groups and the Thailand Economy' examines the role of business groups, specifically state, local and foreign capitals in the economic development of...
"'Business Groups and the Thailand Economy' examines the role of business groups, specifically state, local and foreign capitals in the economic development of...
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SubjectTerms 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
Subtitle Escaping the Middle-Income Trap
TableOfContents 7.2 Belt Road Initiative of China -- 7.3 Japan and Thailand Plus One -- Part 3 Thai business Groups Approaching the Middle-Income Trap -- 8 Business Concentration -- 8.1 Distinctive Characteristics of Thai Business Groups -- 8.2 Industry Monopoly -- 8.3 Competitiveness -- 9 Expanding Business Power -- 9.1 Selection and Specialization -- 9.2 Leveraging Political Influence -- 9.3 Mergers and Acquisitions -- 9.4 Overseas Investment -- 9.5 Foreign Strategic Alliances -- 10 Family Business Trap -- 10.1 Tunnelling and Expropriation of Minority Shareholders -- 10.2 No Separation of Ownership and Control - Interlocking Directorates -- 10.3 Concentrated Ownership - Holding Companies and Cross Shareholding -- 10.4 Managerial Enterprise Development -- 11 Conclusion and Policy Recommendations -- 11.1 Three Prior Work -- 11.2 Shift From Family Capitalism to Managerial Capitalism -- 11.3 Policy Recommendations -- Index
Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- List of Figures -- List of Tables -- Preface -- Acknowledgements -- Abbreviations -- Introduction -- Part 1 Theory and Issues -- 1 Catch-Up Industrialization Theory -- 1.1 Advantages of Backwardness and Technological Leap -- 1.2 Flying-Geese Pattern and Limitations -- 1.3 Catch-Up Theory Revisited and Technological Creep -- 1.4 Unravelling Structural Change Challenges -- 2 Middle-Income Trap -- 2.1 Definition of Middle-Income Trap -- 2.2 From East Asian Miracle to Innovative East Asia -- 2.3 When was Thailand Caught in the Middle-Income Trap? -- 2.4 Catching-Up Problems -- 2.5 Comparing China, Malaysia, and Thailand -- 3 Developmental States and Business Groups -- 3.1 Developmental State Political Economy -- 3.2 Latecomer Nation Domestic Business Groups Theory -- 3.3 Four Types of Thai Family Business Groups -- 3.4 Theory of Management Critical Points -- 4 Dependency Theory and Multinational Corporations -- 4.1 Dependency Theory -- 4.2 MNCs and Human Capital Investment -- 4.3 BOI and Target Industries -- 4.4 Exploitation of Foreign Direct Investment -- Part 2 Policies Toward Innovation-Driven Growth -- 5 Upper-Middle-Income Development Model -- 5.1 The 1960s and 1970s Import Substitution Industrialization -- 5.2 The 1980s and 1990s Export-Oriented Industrialization of and the Asian Financial Crisis -- 5.3 Economic Performance of Thailand -- 5.4 End of the Low-Cost Advantage Era -- 5.5 Low R&amp -- D Activity Levels -- 6 High-Income Development Model -- 6.1 The 2000s-2010s Economic Revitalization and ASEAN Economic Community -- 6.2 The 2020s Economic Rearrangement to Identify a High-Income Nation Model -- 6.3 From Creative Economy to New S-Curves -- 7 EEC Plan and Foreign Investors -- 7.1 Eastern Economic Corridor Plan
Title Business Groups and the Thailand Economy
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