Contemporary Thailand–Japan Economic Relations: What Falling Japanese Investment Reveals About Thailand's Deep, Global Competition, State in the Context of Shifting Regional Orders

Ryan Hartley

Asia and the Pacific Policy Studies from Crawford School of Public Policy, The Australian National University

Abstract: This article centres on the nature of the Thai state amid a shifting global economic environment, examining it through the lens of foreign direct investment and specifically Japan's declining foreign direct into the kingdom since 2015. It posits that the Thai state is neither a liberal democracy nor a liberal capitalist model and is instead akin to a deep and global competition-oriented state. Through this modality, the article examines recent drops in foreign investment, especially from Japan, and goes on to seek to explain said drops in foreign direct investment through a policy framework extracted from such a theoretical insight of the nature of the Thai state. The article concludes that falling foreign investment can be linked to the reception by Japan of recent policy imperatives and outputs in Thailand that operate on the level of a deep state–globality nexus.

Keywords: Japan FDI; Thailand economy; Thai state; deep state; Thai military; competition state; Mekong region (search for similar items in EconPapers)
Pages: 17 pages
Date: 2017-09-11
New Economics Papers: this item is included in nep-hme and nep-sea
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Published in Asia & the Pacific Policy Studies, Sep 2017, pages 569-585

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