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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Format | eBook Book |
Language | English |
Published |
Oxford
Taylor & Francis
2023
Routledge Taylor & Francis Group |
Edition | 1 |
Series | Routledge Focus on Business and Management |
Subjects | |
Online Access | Get full text |
ISBN | 9781000885927 1000885925 9781032441153 1032441143 1032441151 9781032441146 1000885968 1003370535 9781003370536 9781000885965 |
DOI | 10.4324/9781003370536 |
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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. |
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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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Copyright | 2023 Natenapha Wailerdsak |
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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 |
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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& -- 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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