Business Groups and the Thailand Economy

'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.

Natenapha Wailerdsak is currently an associate professor at Thammasat University in Thailand. She holds an economics PhD from the University of Tokyo. She was an assistant professor at the University of Tokyo's Institute of Advanced Studies on Asia and a visiting scholar at the University of the Philippines' School of Economics.

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