Abstract

Abstract:

This paper argues that the success of Thailand’s export-oriented automotive industry was based on three factors: first, the substantial public investment in productivity-raising port facilities and related infrastructure in the 1990s that constituted the Eastern Seaboard economic corridor; second, exchange rate depreciation that accompanied the 1997–98 Asian Financial Crisis. Jointly, these two factors made manufacturing production for export more profitable. The third was a combination of two key policy changes adopted by the Thai government shortly after the Crisis and partly in response to it — removing restrictions on foreign ownership and abolition of local content requirements.

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Additional Information

ISSN
2339-5206
Print ISSN
2339-5095
Pages
pp. 425-448
Launched on MUSE
2019-01-15
Open Access
No
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