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Business Groups and the Thailand Economy
Natenapha Wailerdsak
2023
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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.
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Keywords
- ASEAN Economic Community
- Asian Economies
- Bot
- business groups
- Chinese Government
- Corporate Governance
- CP
- Emerging Economies
- FDI Flow
- Foreign Direct Investments
- growth model
- High Income Status
- inequality
- Kingdom Of Thailand
- Latecomer Country
- Latecomer Nation
- Low Cost Advantage
- LTP
- Middle Income Nation
- Middle Income Trap
- National innovation system
- Premature Deindustrialization
- PTT
- Rayong Province
- Siam Cement Group
- SME
- Standalone Firms
- Super-aged Society
- Thai Companies
- thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTM Regional / International studies
- thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
- thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJK International business
- True Corporation
Links
DOI: 10.4324/9781003370536Editions