Social movements and the crisis of neoliberalism in Malaysia and Thailand

Khoo Boo Teik

No 238, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: Of the Southeast Asian countries most badly affected by the 1997 financial crisis, Malaysia and Thailand remain the most unsettled by its political fallout. Their present political situations are not akin to 'politics as usual'. Instead, they capture the unpredicted outcomes of post-crisis struggles to reorganize structures of economic and political power. Comparing the situations in Malaysia and Thailand, this paper focuses on their differing state and civil society engagements with neoliberalism. It is suggested that the post-crisis contestations, sometimes tied to pre-crisis conflicts in political economy, left something of a stalemate: neither neoliberalism nor the social movements satisfactorily fulfilled their agendas in either country.

Keywords: Southeast Asia; Malaysia; Thailand; Social movements; Economic policy; Financial crises; Neoliberalism; East Asian financial crisis (search for similar items in EconPapers)
Date: 2010-06
New Economics Papers: this item is included in nep-hpe, nep-pol and nep-sea
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 238. 2010-06

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