While Thailand has made remarkable progress in recent years in combating poverty, boosting access to education and health services for all and enhancing quality of life, progress has often been unbalanced. Some areas remain better off than others and income inequality remains a persistent problem. However, sustainable solutions in business –...
Thailand has seen phenomenal growth in its manufacturing industry over the last few decades, with the country establishing itself as a major base for both domestic and international industrial players.
In May 2006, Kofi Annan, then secretary-general of the UN, travelled to Thailand to present King Bhumibol Adulyadej with the first-ever UN Human Development Lifetime Achievement Award. During his presentation of this great honour, the secretary-general praised not only the king’s “extraordinary contribution” to human development, but also what...
The Sufficiency Economy Philosophy is simple at its core but must be dissected. According to King Bhumibol Adulyadej of Thailand, we have to ensure that we interpret “philosophy” as truth and knowledge. “Sufficiency” is not self-sufficiency, but rather means prudence and a middle way of living, doing business and managing oneself. As for “...
Agriculture has a special place in the history of sustainability in Thailand. It was in this field that King Bhumibol Adulyadej first assembled the ideas behind sufficiency economy. From early in his reign, the king began to experiment with agricultural projects on the grounds of the Chitlada Palace in Bangkok. These included dairy schemes,...
In the face of weakening global demand, a slowdown in China and falling export revenues, Thailand’s government is looking to improve its export competitiveness and further diversification, in addition to propping up its economy through promotion of domestic tourism and providing support for the agriculture sector. As part of its multi-pronged...
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