Thailand Trapped: Catch-up Legacies and Contemporary Malaise
Published online by Cambridge University Press: 11 July 2018
Abstract
A better understanding of Thailand's contemporary malaise needs a perspective that combines political and economic aspects without losing sight of history. This article applies the concept of path dependence to examine how pre-1997 catch-up industrialisation shaped the post-crisis trajectory. It argues that the catch-up process has left a number of important legacies, especially the symbiotic relationship between the military, banking conglomerates, and technocrats; dominant growth narrative with a focus on macroeconomic stability; and overly centralised and bloated state structures. These legacies have shaped the strategies and legitimacies of today's political actors and rendered the pursuit of growth increasingly contradictory to maintaining order.
- Type
- Article
- Information
- TRaNS: Trans-Regional and -National Studies of Southeast Asia , Volume 6 , Issue 2 , July 2018 , pp. 253 - 277
- Copyright
- Copyright © Institute for East Asian Studies, Sogang University 2018
References
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