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 Prof.Ha-Joon Chang

His teaching at GRIPS includes graduate courses on Comparative Political Economy and seminars on contemporary development issues. He has also been a consultant to the Standing Committee on Economic Development (Thailand's Parliament) as well as the United Nations ESCAP.



He can be reached at: veerayooth.k@gmail.com




My research is primarily about the political economy of development in developing countries. I am interested in the debates on institutional change and persistence, state building, late industrialisation, the middle-income trap, varieties of capitalism, 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 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.
(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. London: Routledge.
(2018) "Thailand Trapped: Catch-up Legacies and Contemporary Malaise." TRaNS: Trans-Regional and -National Studies of Southeast Asia, 6(2):  253-277.
(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).
(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.
(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) “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. 
(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.
(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. 





(1) Article for the project "The Political Economy of New Capital and Old Capital in an Age of Globalization" led by Nanyang Centre for Public Administration, Singapore.


(2) Articles on welfare state-building and the implications for today's developing countries.




(1) Interview with Nikkei Asian Review  "Thai Big Business Casts a Wary Eye on Upcoming Election" (February 2019).


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


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


(4) "Thailand 10.0" on the Conversation website (October 2016).

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

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

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




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


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


(3) รวมบทความขนาดสั้นบนเว็บไซต์ 101 A series of online op-eds on Thai political economy and miscellanies.


(4) อ่านเศรษฐศาสตร์การเมืองกับ ปกป้อง จันวิทย์ A dialogue with Pokpong Junvith.




Institutional Traps: The Role of Institutions in Economic Catch-up” at the Bank of Thailand’s Annual Symposium, Bangkok (19 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


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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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