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Distribution of income, labour productivity and competitiveness: is the Thai labour regime sustainable?

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  • Bruno Jetin

Abstract

This article takes the case of Thailand to present the distribution of income and the evolution of the profit rate in a low-wage country that belongs to the second generation of newly industrialising countries. It is shown that during the boom years the high rate of profit was not based on a continuous process of modernisation, but rather on a redistribution of income in favour of capital. The link between the distribution of income and competitiveness is also analysed. It is shown that labour income repression is not necessary to maintain competitiveness. Quite to the contrary, in this period of international crisis the labour income share should recover lost ground if Thailand and other Asian countries want to rebalance growth in favour of domestic demand. Copyright The Author 2012. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

Suggested Citation

  • Bruno Jetin, 2012. "Distribution of income, labour productivity and competitiveness: is the Thai labour regime sustainable?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 36(4), pages 895-917.
    • Handle: RePEc:oup:cambje:v:36:y:2012:i:4:p:895-917
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    File URL: http://hdl.handle.net/10.1093/cje/ber048
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    Cited by:

    1. Dasgupta, Sukti. & Bhula-or, Ruttiya. & Fakthong, Tiraphap., 2015. "Earnings differentials between formal and informal employment in Thailand," ILO Working Papers 994896403402676, International Labour Organization.
    2. Sandrine Michel, 2015. "Education in Thailand: When economic growth is no longer enough," Post-Print hal-01671765, HAL.
    3. Cristina Froes De Borja Reis & Carlos Aguiar De Medeiro, 2014. "From Export Specialization In Natural Resources To Diversification In Manufacturing: The Development Strategies Of Indonesia, Malaysia And Thailand Since 1980," Anais do XLI Encontro Nacional de Economia [Proceedings of the 41st Brazilian Economics Meeting] 156, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    4. Bruno Jetin & Ozan Ekin Kurt, 2016. "Functional income distribution and growth in Thailand: A post Keynesian econometric analysis," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 39(3), pages 334-360, July.
    5. Bruno Jetin, 2009. "Le développement économique de la Thaïlande est-il socialement soutenable ?," Post-Print halshs-00531674, HAL.

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