Abstract
During the 1990s inbound foreign direct investment (FDI) became a significant factor in Thailand's industrial transformation. At the same time there were increasing concerns about whether the new transnational comporation (TNC)-driven export industries actually contributed to the long-term competitiveness and a sustainable pattern of industrialisation in Thailand. This led in turn to the formulation of TNC–small and medium-scale enterprise (SME) linkage policies as well as a set of broader SME and supporting industry policies to supplement unfolding liberalisation of trade and investment policies. The article is concerned with the extent to which the Thai government was able to formulate and in particular implement a credible and adequate set of linkage and supplier development policies. It is generally argued that the Thai governments failed to implement such policies and thereby missed an early opportunity of supporting upgrading among Thai-owned parts producers. Mistaken policies were mainly due to a r...
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