Abstract:
This thesis intended to study the power relation between Thailand and global financial power while Thailand crisis 1997 is the case study. On the result found that, the power relation in Thailand was from cooperation and competition of global financial system since cancellation of gold standard system in 1971 that led to variation of global financial economy and finaly brought it into Plaza Accord in 1985 that enforced Japan to improve its strategy moving a part of production to Thailand. Contemporarily, after the end of cold war in 1989, the Unitesd States of America has begun pushing fully financial free policy into those developing countries until estabilishment of Thai monetary business information in 1993 whereas causing flow of loan into county rapidly that led the countries into economic crisis in 1997 Thailand, however, has been searching for benefit form power relation between those global financial power countries especially Japan production relocation contemporary financial free policy on one of the reason that Thailand requirement was to bring up some loan to develop rapid growth of economy. Economic crisis in 1997 was quite normal circulation of growth and lower capitalism system. Importantly, learning and adaptaton themselves whereas the Democratic Party Government accepted their error in following their policy under IMF while Japand took their opportunity to establish their own influence through Miyazawa project. Furthemore, the thai Rak Thai Government has also implanted domestic economic encouragement policy until it brought Thailand into economic recovered finally. Impact of economic crisis in 1997 has brought into the changes of economic structure, politics and Thai society deeoply into foundation to deal with serious and rapid impact of power relation of global financial power