Abstract
Abstract The value attached to the concept of guanxi (關係) by Chinese enterprises in Southeast Asia can be observed in their business culture. Previous scholars have attributed the success of Chinese enterprises in Southeast Asia to “guanxi networks.” The author’s observations on Thai enterprises made over a 5-year period are here used to validate their research findings. In conclusion, the author classifies Thailand as a market economy where business activities are conducted based on the value of guanxi and economic strategies.
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