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The Thailand-US Alliance after the Asian Financial Crisis: The Security Implications of International Economic Policy

Iordanka Alexandrova
한국동남아학회|2019.11|동남아시아연구 (The Southeast Asian Review)|제29권 제4호|pp. 143-184|DOI 10.21652/kaseas.29.4.201911.143

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참고문헌

키워드

동맹정치안보동맹security alliancealliance commitmentThai foreign policy태국 외교정책
주제분류지역학

초록

This article explains Thailand’s reduced commitment to the security alliance with the United States (US) in the aftermath of the Asian financial crisis of 1997-98. It argues that the economic pressure Washington applied against Bangkok was the primary cause of the change in Thailand’s policy. In the aftermath of the crisis, the US pushed for economic restructuring in Thailand, which hurt the interests of elite groups in the financial and corporate sectors, and the labor they employed. Fearing future losses, these social actors demanded that the leadership defend their interests against further foreign interference in the domestic economy. Thailand’s bargaining power vis-à-vis the US, however, remained relatively weak due to its excessive reliance for security on the great power ally. To regain policy autonomy, the governments of Chuan Leekpai and Thaksin Shinawatra attempted to minimize security dependency by reducing alliance commitment and investing in alternative strategies to improve Thailand’s own defensive capabilities.

Abstract

This article explains Thailand’s reduced commitment to the security alliance with the United States (US) in the aftermath of the Asian financial crisis of 1997-98. It argues that the economic pressure Washington applied against Bangkok was the primary cause of the change in Thailand’s policy. In the aftermath of the crisis, the US pushed for economic restructuring in Thailand, which hurt the interests of elite groups in the financial and corporate sectors, and the labor they employed. Fearing future losses, these social actors demanded that the leadership defend their interests against further foreign interference in the domestic economy. Thailand’s bargaining power vis-à-vis the US, however, remained relatively weak due to its excessive reliance for security on the great power ally. To regain policy autonomy, the governments of Chuan Leekpai and Thaksin Shinawatra attempted to minimize security dependency by reducing alliance commitment and investing in alternative strategies to improve Thailand’s own defensive capabilities.

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