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The Multi-Dimensions of Industrial Relations in the Asian Knowledge-Based Economies by Hiromasa Suzuki, Chris Rowley, John Lawler, Sununta Siengthai

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Chapter 7

Globalization and Industrial Relations in Thailand

Sununta Siengthai

1 INTRODUCTION

Thailand has experienced drastic economic changes since July 1997 when it was severely affected by the Asian financial crisis. On reflection, the country had experienced the ups and downs in its economic development process in the last three decades. Whether Thailand will learn from this and develop some system that would allow some economic shock absorbance, particularly now that it is a player in the global market, is still to be seen. The country had experienced peak average economic growth rates about 6-8% during the decade of 1987-1997 before the economy plunged in mid-1997. During those boom years, the manufacturing sector emerged as a leading ...

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