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ID 14381
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title alternative
A legal analysis of corporate sector structural reform in Thailand
creator
金子 由芳
NDC
Law
Economics
abstract
Law Reform has been one of the most important tools of the Corporate Sector Structural Reform in Thailandsince the first ‘conditionalities' set under the IMF rescue package. However, very few researches have been madeto review the adequacy and the efficiency of such Law Reform. This article tries such a review on the Thailand'scorporate sector reform, in the context of critical analysis over the growing trend of Legal Technical Assistance ini-tiated by both multilateral and bilateral donors.As in majority cases, the Legal Reform in Thai corporate sector was promoted under the pressure from the mostpositive donors, that is, World Bank and the US government, and accordingly, the model for the reform has essen-tially been the American law. However, it is known that American corporate law is a quite unique product of itsfederation system, where the states' corporation laws have been playing a ‘race for the bottom' to deregulate and toenlarge the freedom of management, and the federal stock exchange has been the only actor to set the minimum reg-ulations over them. It is quite doubtful that such a deregulated model as the American corporate law can help seri-ous reform in Thailand's corporate sector where traditional family-owned private companies have been manipulatedeach major industry. A careful legal analysis tells that the recent law amendments done in Thailand is not a simpletransplantation of the American model, which would reflect the Thai law-makers unwillingness toward the com-pelled foreign models.
journal title
Journal of International Development and Cooperation
volume
Volume 8
issue
Issue 2
start page
25
end page
49
date of issued
2002-03
publisher
広島大学国際協力研究科
issn
1341-0903
ncid
SelfDOI
language
jpn
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
department
Graduate School for International Development and Cooperation
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