ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Thai Capital after the Asian Crisis

The 1997 east Asian crisis marks a major shift in the role and prospects of private domestic capital, part of a major adjustment to globalisation with far-reaching implications. Over the second-half of the 20th century, Thai domestic capital had played a key role in expanding the productive potential of the economy. After the crisis, it has been confined mostly to a rentier and service role in an economy dominated by multinational firms.

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