Premium
Assessing privatization investment opportunities in Thailand
Author(s) -
Rondinelli Dennis A.,
Priebjrivat Vuthiphong
Publication year - 2000
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/1520-6874(200011/12)42:6<623::aid-tie2>3.0.co;2-8
Subject(s) - multinational corporation , pace , business , order (exchange) , emerging markets , investment (military) , foreign direct investment , government (linguistics) , state (computer science) , market economy , economic system , economics , finance , politics , macroeconomics , linguistics , philosophy , geodesy , algorithm , political science , computer science , law , geography
Executive Summary Multinational corporations (MNCs) can find lucrative opportunities to invest in emerging‐market countries by participating in the privatization of state‐owned enterprises. The ability of MNCs to form joint ventures or acquire state enterprises in most countries, however, depends on the characteristics of the government's privatiza‐tion policies and plans, the pace of their implementation, and the mechanisms allowed for foreign investment. In order to assess the feasibility of privatization policies in emerging‐market countries, and especially those undergoing dynamic reforms of their economies, MNCs need a framework for analyzing privatization efforts. The appli‐cation of such a framework is illustrated using the experience with privatization and economic reform in Thailand. © 2000 John Wiley & Sons, Inc.