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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.

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.Today, the city is known in Thai as Krung Thep Maha Nakhon (กรุงเทพมหานคร) or simply as Krung Thep (กรุงเทพฯ).Its full ceremonial name, which came into use during the reign of King Mongkut, reads as follows: Thai school children are taught the full name, although few can explain its meaning as many of the words are archaic, and known to few.Five rapid transit lines are now in operation, with more systems under construction or planned by the national government and the Bangkok Metropolitan Administration.Because of its strategic location near the mouth of the river, the town gradually increased in importance.

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