Position Associate Professor
Degree BEng, MA (Chulalongkorn), MPhil, PhD (Cambridge)
Specialty Politics of economic growth, the middle-income trap, institutional economics, industrial policy, Thailand, East and Southeast Asian development


Veerayooth Kanchoochat is an Associate Professor of Political Economy at the National Graduate Institute for Policy Studies (GRIPS), Tokyo, JAPAN.


Veerayooth holds a Bachelor in Engineering and Master’s in Economics from Chulalongkorn University, Thailand, before completing an MPhil and PhD from the Centre of Development Studies, University of Cambridge, UK, under the supervision of Ha-Joon Chang. At GRIPS, he teaches graduate courses on Comparative Political Economy and seminars on contemporary development issues. He has been a consultant to the Standing Committee on Economic Development (Thailand's Parliament) as well as UNCTAD and United Nations ESCAP.


He can be reached at: kanchoochat@grips.ac.jp and veerayooth.k@gmail.com




My research is primarily about the political economy of development. I am interested in the debates on institutional change and persistence, developmental and welfare state building, economic catch-up, the middle-income trap, and varieties of capitalism.




(1) Developmental and Welfare State-Building


(2019) "Social Protection and Welfare State Building: Fast and Slow Lessons." United Nations ESCAP Social Development Working Papers No. 2019/07.

(2019) Developmental State Building: The Politics of Emerging Economies, co-edited book with Yusuke Takagi and Tetsushi Sonobe, Tokyo: Springer.

(2019) "Introduction: The Nexus of Developmental Policy and State Building." in Developmental State Building: The Politics of Emerging Economies (co-authors: Yusuke Takagi and Tetsushi Sonobe).


(2019) "Tigers at Critical Junctures: How South Korea, Taiwan and Singapore Survived Growth-Led Conflicts." in Developmental State Building: The Politics of Emerging Economies. Tokyo: Springer.


(2) Middle-Income Trap, Southeast Asia and Reform Politics


(2017) “Towards a Southeast Asian Variety of Capitalism?” in Khoo Boo Teik, Keiichi Tsunekawa and Motoko Kawano (eds) Southeast Asia beyond Crises and Traps: Economic Growth and Upgrading. Tokyo: Palgrave Macmillan.


(2015) “The Middle-income Trap and East Asian Miracle Lessons.” in Alfredo Calcagno et al. (eds) Rethinking Development Strategies after the Global Financial Crisis: Making the Case for Policy Space. New York and Geneva: United Nations.

(2015) “Coalition Politics and Reform Dynamics in Thailand.” in R.U. Mendoza et al. (eds) Building Inclusive Democracies in ASEAN. Manila: Anvil Publishing.

(2015) “The Ugly Rules: Constitutional Design and Welfare State-Building in Brazil and Thailand.” Working Paper No.180, Asia Research Centre, Murdoch University, Australia.



(2014) “The Middle-income Trap Debate: Taking Stock, Looking Ahead.” Kokusai Mondai(International Affairs), No.633 (in Japanese).



(2014) “Tigers Trapped: Tracing the Middle-income Trap through the East and Southeast Asian Experience.” HTW Berlin Working Paper on Money, Finance, Trade, and Development, No.04/2014.



(3) Thailand's Political Economy


(2021) "Sick Tiger: Social Conflict, State–Business Relations and Exclusive Growth in Thailand." Journal of Contemporary Asia, Forthcoming (co-authors: Trin Aiyara and Bank Ngamarunchot).


(2020) "Colonialism and the Origin of Thailand's Inefficient Bureaucracy." in Khoo Boo Teik and Jafar Suryomenggolo (eds) States and Societies in Motion: Essays in Honour of Takashi Shiraishi. Copenhagen: NIAS Press.


(2018) “The Prayuth Regime: Embedded Military and Hierarchical Capitalism in Thailand.” TRaNS: Trans-Regional and -National Studies of Southeast Asia, 6(2): 279-305 (co-author: Prajak Kongkirati).


(2018) “Thailand Trapped: Catch-up Legacies and Contemporary Malaise.” TRaNS: Trans-Regional and -National Studies of Southeast Asia, 6(2): 253-277.



(2018) “Contingent Authoritarians: Why Thai Civil Society and the Middle Class Oppose Democracy.” in Hsin-Huang Michael Hsiao (ed) Middle Class, Civil Society and Democracy in Asia: Positive, Dubious and Negative Links. London: Routledge.


(2016) “Introduction: Understanding Thailand’s Politics.” Journal of Contemporary Asia, 46(3): 371-387 (co-author: Kevin Hewison).



(2016) “Reign-seeking and the Rise of the Unelected in Thailand.” Journal of Contemporary Asia, 46(3): 486-503.


(2015) “Why NIE Fails: New Institutionalism and Old Institutions in Thailand.” SEARC Working Papers Series No.162, Southeast Asia Research Centre, City University of Hong Kong.



(2014) “Coalition Politics and Reform Dynamics in Thailand.” GRIPS Discussion Paper No.13-26, National Graduate Institute for Policy Studies.




Interview with Bangkok Post "Tech for Everyone" (February 2021)


Interview with Nikkei Asian Review"Thai Military Moves to Cement Relations with Big Business" (May 2018).


"Entering Thailand 10.0: Either peaceful stagnation or growth-led turmoil" GRIPS-ESP Column (July 2017).


Thailand 10.0"on The Conversation (October 2016).

"Whither Emerging Welfare States?" A research note on ESP website (May 2015).

A book review of Endo Gen (2013) "Diversifying Retail and Distribution in Thailand".

A book review of Erik Kuhonta (2011) "The Institutional Imperative: The Politics of Equitable Development in Southeast Asia".




"เศรษฐกิจสามสี: เศรษฐกิจแห่งอนาคต" A book (collection of essays) on the past, present and future of global and Thai capitalism.


"เศรษฐศาสตร์ [ฉบับทางเลือก]" A book translated from Ha-Joon Chang's Economics: The User's Guide (Penguin Books, 2014).


"กับดักสถาบัน: กลไกทางสถาบันกับการไล่กวดทางเศรษฐกิจ" A working paper presented at Bank of Thailand's Symposium, 18-19 September 2017.


รวมบทความรายเดือนในเว็บไซต์ 101A series of online op-eds on Thai political economy and miscellanies.


"ชาติที่ไม่มียุทธศาสตร์" An interview with Prachatai (August 2020)


อ่านเศรษฐศาสตร์การเมืองกับ ปกป้อง จันวิทย์ A dialogue with Pokpong Junvith.




"The Future of Thai Capitalism" Interview with The Standard, Bangkok (3 June 2020, in Thai)


"An Online Book Launch" with Thanathorn Juangroongruangkit, Arm Tungnirun and Thana Thienachariya (April 2020, in Thai)


"Dispelling 7 Myths of Economics" A Talk at the Bank of Thailand's Learning Center (July 2019, in Thai)


Institutional Traps: The Role of Institutions in Economic Catch-up” at the Bank of Thailand’s Annual Symposium, Bangkok (September 2017, in Thai)


Catch-up Legacies: Development Strategies and Democratic Trajectories in South Korea, Taiwan and Singapore” at Direk Jayanama Research Center, Thammasat University (8 September 2017, in Thai)


Politics in Thailand: What to Expect in 2017–2018” at the ISEAS-Yusof Ishak Institute’s Regional Outlook Forum, Singapore (9 January 2017)


Analysing Thailand’s Political Economy through Three Economic Frameworks” at the Faculty of Economics, Thammasat University (3 August 2015, in Thai)


Why NIE Fails: Institutional Persistence and Development Dilemmas in Middle-income Countries” at the Southeast Asia Research Centre (SEARC), City University of Hong Kong (1 December 2014)


The Role of the State and Economic Reform in Thailand” at the Faculty of Economics, Thammasat University (15 September 2014, in Thai)



The political economy of development in Thailand


East and Southeast Asian economic development


Comparative institutional analysis


The developmental state and late industrialisation




Dr. Veerayooth KANCHOOCHAT

National Graduate Institute for Policy Studies (GRIPS)

7-22-1 Roppongi, Minato-ku

Tokyo 106-8677 JAPAN

Tel: +81(0)3-6439-6238

E-mail: kanchoochat@grips.ac.jp


7-22-1 Roppongi, Minato-ku, Tokyo 106-8677

TEL : +81-(0)3-6439-6000     FAX : +81-(0)3-6439-6010


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