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 | |
|---|---|
| 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 |
Cover
Table of Contents:
- 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