publication . Preprint . 2013

Between Economic and Political Crises:Thailand’s Contested Free Trade Agreements

Pongsudhirak, Thitinan;
Open Access
  • Published: 03 Sep 2013
Abstract
Notwithstanding the unavoidable adverse impact on its export sector, Thailand weathered the Global Financial Crisis in the late 2000s better than many of its emerging-market peers, owing to structural adjustments and recovery dynamics in the aftermath of its crippling financial crisis a decade earlier. Thailand’s political crisis also dampened what otherwise would have been a more exuberant risk-taking financial sector, thereby keeping exposure to the GFC relatively minimal. Instead, the Thai growth story in the 2000s was dominated not by financial crisis but by political polarization and turmoil arising from former Prime Minister Thaksin Shinawatra’s wide range...
Subjects
free text keywords: financial crisis , Free Trade Agreements (FTA) , political polarization , Thaksin Shinawatra , Thailand
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