The Thai coup and small business confidence in Bangkok

Thailand's recent coup was not received favorably in the West, but many parts of Thai society support it. In particular, business sentiment has improved greatly in the short time since the coup. The Bank of Thailand's monthly Business Sentiment Index (BSI) showed sharp decline in 2013, eve...

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Main Author: Roenjun, Jitnisa (author)
Other Authors: Speece, Mark (author)
Published: 2014
Online Access:https://dspace.auk.edu.kw/handle/11675/7631
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author Roenjun, Jitnisa
author2 Speece, Mark
author2_role author
author_facet Roenjun, Jitnisa
Speece, Mark
author_role author
dc.creator.none.fl_str_mv Roenjun, Jitnisa
Speece, Mark
dc.date.none.fl_str_mv 2014
2021-11-04T11:28:04Z
2021-11-04T11:28:04Z
dc.identifier.none.fl_str_mv Roenjun, J., Speece, M. W. (2014). The Thai coup and small business confidence in Bangkok (pp. 958-968). Prague: IISES 12th International Academic Conference - International Institute of Social and Economic Sciences. http://proceedings.iises.net/index.php?action=proceedingsIndexConference&id=7&page=3
https://dspace.auk.edu.kw/handle/11675/7631
dc.relation.none.fl_str_mv Prague: IISES 12th International Academic Conference - International Institute of Social and Economic Sciences.
dc.title.none.fl_str_mv The Thai coup and small business confidence in Bangkok
dc.type.none.fl_str_mv Conference Paper
info:eu-repo/semantics/publishedVersion
description Thailand's recent coup was not received favorably in the West, but many parts of Thai society support it. In particular, business sentiment has improved greatly in the short time since the coup. The Bank of Thailand's monthly Business Sentiment Index (BSI) showed sharp decline in 2013, even before the protests became large. Immediately after the coup, the index was up substantially, although not to levels seen in earlier years. Originally, small business supported Thaksin. After tight policies following the 1997 crash, they liked promises to free up credit for SMEs. Facing severe competition from foreigners buying up cheap post-crisis assets, they liked his policies aiming to promote domestic business. Some pro-small business policies were implemented, some were not, some turned out to lack much substance. But whatever the actual implementation and impact, perceptions came to view Thaksin's governments as mainly favoring big corporations, especially those connected to Thaksin's own business interests.
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identifier_str_mv Roenjun, J., Speece, M. W. (2014). The Thai coup and small business confidence in Bangkok (pp. 958-968). Prague: IISES 12th International Academic Conference - International Institute of Social and Economic Sciences. http://proceedings.iises.net/index.php?action=proceedingsIndexConference&id=7&page=3
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spelling The Thai coup and small business confidence in BangkokRoenjun, JitnisaSpeece, MarkThailand's recent coup was not received favorably in the West, but many parts of Thai society support it. In particular, business sentiment has improved greatly in the short time since the coup. The Bank of Thailand's monthly Business Sentiment Index (BSI) showed sharp decline in 2013, even before the protests became large. Immediately after the coup, the index was up substantially, although not to levels seen in earlier years. Originally, small business supported Thaksin. After tight policies following the 1997 crash, they liked promises to free up credit for SMEs. Facing severe competition from foreigners buying up cheap post-crisis assets, they liked his policies aiming to promote domestic business. Some pro-small business policies were implemented, some were not, some turned out to lack much substance. But whatever the actual implementation and impact, perceptions came to view Thaksin's governments as mainly favoring big corporations, especially those connected to Thaksin's own business interests.2021-11-04T11:28:04Z2021-11-04T11:28:04Z2014Conference Paperinfo:eu-repo/semantics/publishedVersionRoenjun, J., Speece, M. W. (2014). The Thai coup and small business confidence in Bangkok (pp. 958-968). Prague: IISES 12th International Academic Conference - International Institute of Social and Economic Sciences. http://proceedings.iises.net/index.php?action=proceedingsIndexConference&id=7&page=3https://dspace.auk.edu.kw/handle/11675/7631Prague: IISES 12th International Academic Conference - International Institute of Social and Economic Sciences.oai:dspace.auk.edu.kw:11675/76312023-08-13T06:20:01Z
spellingShingle The Thai coup and small business confidence in Bangkok
Roenjun, Jitnisa
status_str publishedVersion
title The Thai coup and small business confidence in Bangkok
title_full The Thai coup and small business confidence in Bangkok
title_fullStr The Thai coup and small business confidence in Bangkok
title_full_unstemmed The Thai coup and small business confidence in Bangkok
title_short The Thai coup and small business confidence in Bangkok
title_sort The Thai coup and small business confidence in Bangkok
url https://dspace.auk.edu.kw/handle/11675/7631