Business Groups and the Thailand Economy: Escaping the Middle-Income Trap [Paperback]

List of Figures  List of Tables  Preface  Acknowledgments  Introduction  Part 1: Theory and Issues  1. Catch-up industrialization theory  2. Middle-income trap  3. Developmental states and business groups  4. Dependency theory and multinational corporations  Part 2: Policies Toward Innovation-Driven Growth   5. Upper middle-income development model  6. High-income development model  7. EEC plan and foreign investors  Part 3: Thai Business Groups Approaching the Middle-Income Trap  8. Business Concentration  9. Expanding business power  10. Family business traps  11. Conclusion and policy recommendations   Index

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.

The book is very well reasoned and persuasive. The Upper Middle Income Development Model chapter is especially interesting. The book marshals a broad array of convincing evidence to make a case of broad generality. Scholars studying middle income economies throughout the world will find relevant insights in Thailands experiences. I highly recommend this book.

Randall Morck, Distinguished Professor of Alberta School of Business, University of Alberta, Canada

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.

Wal³'