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.
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...
The services sector in Thailand has mushroomed in recent years, with tourism and hospitality, retail and finance all seeing major expansion. The first of these, tourism, is responsible for some 10% of the country’s GDP, with 29.88m tourists visiting the country in 2015. This provided the government with some BT2.21trn ($66.5bn) in revenue in...
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