Post-crisis restructuring : Foreign ownership, corporate resistance and economic nationalism in Thailand

In Thailand, IMF prescriptions attached to rescue loans in 1997 caused a rapid relaxation of the regulations that had prevented majority foreign ownership of Thai registered companies., followed by a large-scale inflow of foreign M & A investment into Thai companies. However, available evidence...

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Main Author: Dixon, Chris
Format: Book
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Summary:In Thailand, IMF prescriptions attached to rescue loans in 1997 caused a rapid relaxation of the regulations that had prevented majority foreign ownership of Thai registered companies., followed by a large-scale inflow of foreign M & A investment into Thai companies. However, available evidence suggests that the overall level of foreign control remains limited, reflecting owership patterns and business practise, reinforced by the limited reforms in legal and corporate governance and the support of the domestic sector by officials and politicians. In countries like to reform may prove costly for the corporate sector and the wider national economy and society.