Neoliberalism, the Asian Financial Crisis, and Structural Adjustment Programs: The Case of Thailand

11 Pages Posted: 6 Mar 2018

See all articles by Byron Ramirez

Byron Ramirez

Claremont Graduate University (Claremont Colleges Consortium); MLA Research Institute at CiAM; American University - School of International Service

Date Written: February 26, 2018

Abstract

As is the case with several other developing countries which grew rapidly in the 1980s and 1990s, Thailand was largely influenced by neoliberalism. This essay discusses neoliberalism, its influence on Thailand, and the role that neoliberalism played in the subsequent Asian financial crisis. Thailand’s swift economic rise through the mid-1990s, was followed by a severe economic and financial crisis that would spread to other countries in the region. Once the Asian financial crisis had commenced, the IMF intervened and introduced a set of policies which yielded some unintended consequences.

Keywords: Neoliberalism, Economic Growth, International Development, Financial Markets, Asian Financial Crisis, Institutions, Thailand

JEL Classification: E44, F33, F63, O19, O23, O24, O43

Suggested Citation

Ramirez, Byron, Neoliberalism, the Asian Financial Crisis, and Structural Adjustment Programs: The Case of Thailand (February 26, 2018). Available at SSRN: https://ssrn.com/abstract=3130457 or http://dx.doi.org/10.2139/ssrn.3130457

Byron Ramirez (Contact Author)

Claremont Graduate University (Claremont Colleges Consortium) ( email )

150 E. Tenth Street
Claremont, CA 91711
United States

MLA Research Institute at CiAM ( email )

Alhambra, CA 91803
United States

American University - School of International Service ( email )

4400 Massachusetts Ave, NW
Washington, DC 20016
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
338
Abstract Views
1,207
rank
106,519
PlumX Metrics