ABSTRACT
The theoretical propositions developed in the previous chapter argue that the expression and assertion of private preferences for, and public-sector interests in, the fi nancial reform process are shaped by the organisational structures of the private sector and the state. In this chapter, differences in these structures between Korea and Thailand are compared. The comparison is conducted qualitatively and quantitatively within the limits of comparability of national industrial and fi nancial data. The causes of these institutional differences are also discussed. Comprehensive reviews of these structures and the causes of their differences are far beyond the scope of this study. The focus is therefore on variations in the institutional dimensions between Korea and Thailand and the ways in which the variations lead to divergent policy patterns.
