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Please use this identifier to cite or link to this item: http://dspace.siu.ac.th/handle/1532/1296

Title: A new generation of Bangkok Street vendors: Economic crisis as opportunity ahd threat*
Authors: Walsh, John
Maneepong, Chuthatip
Issue Date: 2012
Type: Book chapter
Publisher: ELSEVIER
Citation: a sbool of Politics and Global Studies, Arizona State University, USA b Sthool of Management, Shinawatra University, Thailand
Abstract: In 1997, the financial crisis seriously damaged the Thai economy and led to the closing of many compa­ nies. Previously, it had been believed that laid-off workers would mostly return to rural employment or part-time urban tasks. However, research among street vendors in Bangkok reveals that many of the retrenched workers preferred to, and did, remain in the city and put to use their latent business and entrepreneurial skills to practice by establishing their own informal businesses. This group of vendors tends to dominate these activities, often through business savvy, with experience in the formal sector. Instead of the "street" image of vendors being that of domestic migrants, the "new generation" of vendors is evolving into something more complex. The paper focuses on documenting and understanding the phe­ nomenon of new generation street vendors. We attempt to derive lessons from the 1997 economic crisis to improve the transition of vendors from the formal to "new" informal sector under current, and likely worsening, economic conditions. This paper analyses how and why these two groups express themselves and how they respond differently to the socio-economic and political forces that have an impact on the urban space they share. It then considers whether policy makers should regard street vending as a viable part of the economy which is not transitional but more permanent and should be regarded as an impor­ tant part of the urban economy of industrializing nations such as Thailand.
URI: http://dspace.siu.ac.th/handle/1532/1296
Appears in Collections:School of Management Publications (SoM)

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