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Since 1998, there have been many diagnoses, studies and theories attempting to explain the East Asian economic crisis and the impact on major economic and financial sectors. This text aims to fill a gap in the literature by examining the effects on small and medium-sized enterprises. From early 1998, unemployment figures in the region rose rapidly although large enterprises were not as yet engaged in corporate restructuring. Registered small and medium-sized enterprises (SMEs) and microenterprises were a major source of this unemployment, especially among unskilled and seasonal workers.

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• List of Tables(p. ix)
• Preface(p. x)
• Acknowledgements(p. xiii)
• List of Abbreviations(p. xv)
• Introductory Chapter: Development of SMEs in International Theory and Practice(p. 1)
• SMEs through the Crisis in Thailand: A Brief Overview (1997-1999)(p. 1)
• Classical and More Recent Paradigms of SME Develoment in Developing Countries and Emerging Economies(p. 3)
• East Asian SMEs in Distress: The Coverage of the Debate and its Relevance for Thailand(p. 7)
• Part I Small Enterprise Development in Thailand and the Impact of the East Asian Crisis
• Chapter 1 Thailand, an Environment Conductive to Entrepreneurship?(p. 13)
• Economic History and Profile of Local Entrepreneurship(p. 14)
• Small Entrepreneurship and Development of SMEs(p. 17)
• The Contribution of Thai SMEs before the East Asian Crisis(p. 21)
• Chapter 2 Absence of SME Legislation and Loose Classification of SMEs(p. 27)
• Lack of SME Legal Definition until 2000(p. 27)
• Towards a National Definition under the New SME Bill(p. 29)
• Registration and Taxation of SMEs: Red Tape and Malpractices(p. 31)
• Drafting an SME Master Plan (1999-2004) without Proper Data(p. 35)
• Exploring Alternative Sources of Information(p. 37)
• Chapter 3 The Effects of the East Asian Crisis on Thai SMEs (1997-1999)(p. 39)
• Collapse of Demand Preceding Credit Crunch(p. 39)
• Domestic Demand in Disarray(p. 40)
• SMEs Facing Credit and other Financial Difficulties(p. 41)
• SMEs Coping with Supply Constraints and Rising Input Costs(p. 43)
• SMEs in Distress: A Comparison with Large Enterprises (LEs)(p. 44)
• Chapter 4 SMEs Facing Survival and Competition Challenges(p. 49)
• The Need to Create an SME Vulnerability/Resilience Index(p. 49)
• Competitiveness Recovery of the Thai Economy and the Possible Contribution of Thai SMEs(p. 52)
• Part II Structureal Adjustment Under The International Monetary Fund and SME Government Policy
• Chapter 5 Thai SMEs: The Role of the Private and Public Sectors Before the Crisis(p. 61)
• The Need for an SME Policy: An Open Debate(p. 61)
• The Role of the State during the Pre-Industralization Period(p. 62)
• Dual Industrial Policy and Positive Discrimination of SMEs(p. 64)
• Big Business, SMEs and Politics(p. 66)
• Chapter 6 Thai SMEs and Structural Adjustment Policy (1997-1999)(p. 69)
• SMEs in Distress but Absent from the Emergency Rescue Agenda (1997-1998)(p. 69)
• The Rationale and Implementation of a New SME Policy(p. 71)
• A Critical Assessment of the New SME Policy (1999-2004)(p. 73)
• Chapter 7 The Credibility of the New SME Policy(p. 88)
• Beyond Political Rhetoric(p. 88)
• Bureaucratic Hazards(p. 90)
• SMEs and the Real Economy: Facing the Limits of a Fragile Recovery (1999-2000)(p. 92)
• SME Policy Credibility among the Small Business Community(p. 96)
• Part III The Resilience of SMEs Linked to Foreign Firms
• Chapter 8 Linking Local SMEs and Foreign Firms Operating in East Asia(p. 103)
• The Current Debate(p. 104)
• Background of the 1999 Survey(p. 105)
• Current State of SME National Data(p. 107)
• Results of the Three Country Surveys(p. 108)
• Tentative Conclusions(p. 112)
• Chapter 9 The Potential Resilience of Thai Subcontractors Linked to Foreign Firms: SME Case Studies(p. 116)
• First Case Study: O.E.I. Parts Co., Ltd. (Automotive Sector)(p. 116)
• Second Case Study: Sathien Plastic and Fiber Co., Ltd. (Plastic Sector)(p. 121)
• Third Case Study: A and V Plastic Group Co., Ltd. (Plastic Molding Sector)(p. 124)
• Fourth Case Study: MIS Thailand Co., Ltd. (Electrical Sector)(p. 129)
• Chapter 10 The Potential Resilience of Final Goods Producers Linked to Foreign Firms: SME Case Studies(p. 133)
• First Case Study: CRP Jewellery (Thailand) Co., Ltd (Jewelry Manufacturing Sector)(p. 133)
• Second Case Study: Lom Thai Co., Ltd. (Textile Apparel Sector)(p. 137)
• Third Case Study: Hesco Food Industry Co., Ltd. (Agro-Food Sector)(p. 140)
• Fourth Case Study: Husan Industrial Co., Ltd (Electrical Sector)(p. 144)
• Conclusive Chapter: SME Policy Alternatives(p. 149)
• SMEs Looking After Themselves(p. 150)
• Building Networks between the Private and Public Sectors(p. 154)
• Development of Intra-private Sector Collaborations and Linkages(p. 157)
• Prospects(p. 162)
• Bibliography(p. 167)
• Index(p. 180)