Neo-liberalism and domestic capital: The political outcomes of the economic crisis in Thailand

Neo-liberalism and domestic capital: The political outcomes of the economic crisis in Thailand
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DOI:
10.1080/0022038042000309269
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发表时间:
2005-02-01
影响因子:
2.9
通讯作者:
Hewison, K
Hewison, K
中科院分区:
经济学3区
文献类型:
--
作者:
Hewison, K

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199年7月泰国的经济危机为新自由主义经济政策的重振提供了契机。国际金融机构与泰国民主党领导的政府一起强调进一步的市场改革、自由化、放松管制、权力下放、私有化和减少国家作用。严重的经济衰退导致人们普遍拒绝此类政策,这意味着新自由主义的空位期是短暂的。 2001年泰爱泰党在选举中取得压倒性胜利,象征着对新自由主义的强烈反对。它还表明,各国政府在塑造市场方面仍然至关重要,国内经济参与者继续发挥重要的政治作用。在泰国,危机和对新自由主义的反对不但没有削弱国内资本的政治能力,反而增强了这种能力。原因之一是新自由主义的结构调整不仅仅是市场的有效运作。相反,它要求对政府运作以及企业组织和经营方式进行根本性转变。这威胁到了国内资本。它的经济生存需要它夺取国家权力,以便控制经济决策。这是通过泰爱泰选举的胜利及其随后的统治实现的,其中通过与其他阶级重新谈判社会契约来保护国内资本的利益。
The 199 7 economic crisis in Thailand provided an opportunity for a reinvigoration of neo-liberal economic policies. International financial institutions, together with Thailand's Democrat-led government, emphasised further market reforms, liberalisation, deregulation, decentralisation, privatisation and a reduced role for the state. The deep economic downturn saw a popular rejection of such policies, meaning that the neo-liberal interregnum was short-lived. The 2001 landslide electoral victory of the Thai Rak Thai Party symbolised the intensity of opposition to neo-liberalism. It also showed that national governments remain critical in shaping markets and that domestic economic actors continue to have significant political roles. In Thailand, far from neutering domestic capital's political capacity, the crisis and opposition to neo-liberalism saw this enhanced. One reason for this was that neo-liberal restructuring was not simply about the efficient operation of the market. Rather, it demanded a fundamental transformation of the operations of government and of the ways that business was organised and conducted. This threatened domestic capital. Its economic survival required that it seize the state so that it could control economic policy-making. This was achieved through the Thai Rak Thai electoral victory and its subsequent rule, where the protection of domestic capital's interests was achieved through a renegotiation of its social contract with other classes.