By Chris Dixon
The Thai financial system examines the origins and results of the Thai economy's speeded up development because the mid-1980s. The authors position a specific emphasis at the ancient improvement and modern monetary constitution that has a tendency to set Thailand except different constructing international locations.
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Extra resources for The Thai Economy (Growth Economies of Asia Series.)
Other than the poor and highly seasonal road links the most serious communication weakness was the port of Bangkok. A beginning was made on new facilities between 1937 and 1941 but the port was seriously damaged during the war. Despite reconstruction and expansion after the war, major problems remained (World Bank, 1978). In all the developments of communications prior to the 1950s the emphasis was on linking the outer regions to Bangkok. This radial pattern of communications with little development on inter-provincial connections underpinned the centralisation of administrative controls and decision making that took place from the late nineteenth century onwards.
While these reforms were essentially aimed at the creation of an effective and efficient administration of the whole Kingdom, this in turn ‘was regarded as essential if Siam were to maintain her political independence’ (Brown, 1978:193). To survive these losses and a series of diplomatic crises which, to varying degrees, threatened the state’s continued independence was, as many writers both Thai and Western have asserted, no mean achievement. However able and, in some ways, lucky the rulers of Thailand were in the nineteenth century, it would be dangerous to adopt a ‘great man’ explanation for Thailand’s survival.
By the 1650s the Dutch hegemony was impinging on Thailand and demands for a virtual monopoly over parts of the country’s overseas trade and various extra-territorial rights could not be resisted. The encouragement of the EIC and the French between 1661 and 1688 was very much an attempt to counteract the influence of the Dutch (Tate, 1971:501). This intention badly misfired and during the late 1680s France made a serious attempt to establish a major foothold in Thailand. Tate very well summarised the lessons of the first brush with the West: Today it seems unlikely that the French of Louis XIV would have been able to maintain their foothold in Thailand during the seventeenth century, even if their plans had been successful, when the difficulty and slowness of communications, the resources and the political circumstances of the time are borne in mind.
The Thai Economy (Growth Economies of Asia Series.) by Chris Dixon