Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 28 September 2020

Abstract and Keywords

This article provides an overview of the institutional structure of the business system of Thailand. It explores the role of the state, the financial system, ownership and corporate governance, the internal structure of the firm (management), employment relations, education and skills formation, inter-company relations (networks), innovation, and social capital. It focuses on the impact of institutional change after the 1997 Asian crisis, including the restructuring of family businesses, reform of financial institutions, and the development of capital markets. It reveals a lack of public trust in politicians, poor R&D investment, and low productivity, which suggests a need to eradicate corruption, promote innovation, and reform higher education if Thailand is to avoid the middle-income trap. This article contributes directly to the business systems and varieties of capitalism literature and identifies institutional contingencies for comparative and international social science research in general.

Keywords: Thailand, Asia, business systems, varieties of capitalism, institutions, family business, innovation, higher education, middle income trap

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.