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Thailand versus Japan: Why Was Japan First?

In: The Institutional Foundations of East Asian Economic Development

Author

Listed:
  • David Feeny

    (Mcmaster University)

  • Ammar Siamwalla

    (Thailand Development Institute)

Abstract

There are a number of important parallels in the histories of Thailand and Japan during the nineteenth and twentieth centuries.2 First, both countries signed treaties with the Western powers at approximately the same time.3 In part as a result, both economies became more open at approximately the same time, although the change was more abrupt in the case of Japan than in the Thai case.4 Second, both countries faced serious threats to their sovereignty from imperialist powers. Third, both countries underwent profound political change involving elite-directed ‘reform from the top’.5 Fourth, both were successful in avoiding colonization. Fifth, both countries shared pragmatic traditions of selective borrowing of foreign ideas and technologies.

Suggested Citation

  • David Feeny & Ammar Siamwalla, 1998. "Thailand versus Japan: Why Was Japan First?," International Economic Association Series, in: Yujiro Hayami & Masahiko Aoki (ed.), The Institutional Foundations of East Asian Economic Development, chapter 13, pages 413-446, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-26928-0_13
    DOI: 10.1007/978-1-349-26928-0_13
    as

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