State Structure, Policy Formation, and Economic Development in Southeast Asia: The Political Economy of Thailand and the Philippines : Routledge : 9780415728348 : 0415728347 : 07 Oct 2013 : Why do some small, developing countries industrialize and others don't? What factors account for different economic performance among states that are vulnerable to external shocks, crony capitalism, and political instability? This book argues that the answer lies in the structuring of state power, specifically the way different sets of governing elites ? political leaders and economic technocrats ? are embedded in political organisations and state institutions, and the way these elites relate to each other in the economic development policy process. Conducting a comparative historical analysis of Thailand and the Philippines, the book argues that the institutional settings of governing elites influence economic outcomes. In Thailand, political power traditionally connects to state institutions in wa