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The Asian investment boom in the 1980s and 1990s led many multinational corporations to locate their regional headquarters in Bangkok.
The city is now a major regional force in finance and business.
The city occupies 1,568.7 square kilometres (605.7 sq mi) in the Chao Phraya River delta in Central Thailand, and has a population of over 8 million, or 12.6 percent of the country's population.
Disproportionate urban development led to increasing income inequalities and unprecedented migration from rural areas into Bangkok; its population surged from 1.8 million to 3 million in the 1960s.
Following the United States' withdrawal from Vietnam in 1973, Japanese businesses took over as leaders in investment, and the expansion of export-oriented manufacturing led to growth of the financial market in Bangkok.
Bangkok initially served as a customs outpost with forts on both sides of the river, and became the site of a siege in 1688 in which the French were expelled from Siam.
After the fall of Ayutthaya to the Burmese Empire in 1767, the newly declared King Taksin established his capital at the town, which became the base of the Thonburi Kingdom.
Bangkok's role as the nation's political stage continues to be seen in strings of popular protests, from the student uprisings in 19, anti-military demonstrations in 1992, and successive anti-government demonstrations by opposing groups from 2008 onwards.
Administration of the city was first formalized by King Chulalongkorn in 1906, with the establishment of Monthon Krung Thep Phra Maha Nakhon () as a national subdivision.
The reigns of Kings Mongkut (Rama IV, 1851–68) and Chulalongkorn (Rama V, 1868–1910) saw the introduction of the steam engine, printing press, rail transport and utilities infrastructure in the city, as well as formal education and healthcare.
Bangkok became the centre stage for power struggles between the military and political elite as the country abolished absolute monarchy in 1932.
In 1915 the monthon was split into several provinces, the administrative boundaries of which have since further changed.
The city in its current form was created in 1972 with the formation of the Bangkok Metropolitan Administration (BMA), following the merger of Phra Nakhon Province on the eastern bank of the Chao Phraya and Thonburi Province on the west during the previous year.
Today, the city is known in Thai as Krung Thep Maha Nakhon (กรุงเทพมหานคร) or simply as Krung Thep (กรุงเทพฯ).