publication . Article . 2003

Thaksinomics: A New Asian Paradigm; Strategic Insights: v.2, issue 12 (December 2003)

Looney, Robert;
Open Access
  • Published: 01 Dec 2003
  • Publisher: Monterey, California. Naval Postgraduate School
Abstract
This article appeared in Strategic Insights (December 2003), v.2 no.12 Prior to the Asian Economic Crisis sparked by the collapse of the Thai baht in 1997, Southeast Asia looked like a sure bet for a long period of high sustained economic growth. As a region, Southeast Asia's economies are the most open to international trade. While such openness spurred their growth for several decades, in the post 1997 period it has left them increasingly vulnerable to adverse economic and political shocks. Greatly compounding the region's economic woes was the powerful Bali terrorist attack and its impact on tourism. The openness of these economies makes them especially vulne...
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