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Book Review from The Nation
It took Thailand only a couple of years to recover from the 1997 economic crisis, but its leading Sino-Thai capitalist families took a body blow from which they still have not recovered. Awash with dollar-denominated debt, they were forced to sell off huge chunks of their family holdings, mostly to foreign corporations and also to a new breed of self-made Thai tycoons, such as Charoen Sirivadhanabhakdi.
Their story is told in "Thai Capital After the 1997 Crisis", a collection of 10 essays by Thai academics, edited by Pasuk Phongpaichai and Chris Baker.
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