Self-Sufficient Economy : Challenge and Opportunity for Thai Society
Keywords:
Sufficiency Economy, Balance & Sustainability, Reasonableness, Self - immunity, Moderation, Knowledge & MoralityAbstract
His Majesty’s “Sufficiency Economy” is timely in pointing the way forward. It has given heart to His people when they are in dire need, and is so well received that it provided the foundation for the formulation, in particular the Ninth National Economic and Social Development Plan.
Thailand under His Majesty’s guidance has been applying the notion with an aim to create balance and sustainability in its economic system in various aspects in term of agriculture, community empowerment, poverty reduction, sustainability in economic growth and competitiveness.
Therefore, this paper try to examine the self-sufficiency economy philosophy of His Majesty King Bhumibol Adulyadej in particular the Thai society, rural and community which can be adopted this philosophy to solve the problem in term of economic and social sphere.
However, the self-sufficiency economy philosophy seems need to accelerate much more to discover the economy after economic crises in 1997.
References
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Bua Kaow, October - December, 2007.
Collins, J.C., & Porras J. I. 1997. Built to last: Successful habits of visionary companies. London: Century. Data from telegraphy of ministry, 0702/v. 20/2550(2007), January 11, 2007 Hakan Bjorkman, UN CHRONICLE No. 2, 2006.
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Mahidol University Leadership Research Group 2006. An ongoingexamination of Sufficiency Economy Philosophy in business: A case of Theptarin Hospital. College of Management, Mahidol University.
National Economic and Social Development Board (NESDB) 2004a. What is Sufficiency Economy? Bangkok, Thailand: NESDB.
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Nuttavuthisit, K. 2005. Applying Sufficiency Economy Philosophy in business organizations: A case of Pranda Jewelry. Unpublished manuscript, Sufficiency Economy Unit, Office of National Economic and Social Development Board, Thailand.
Pawanrat Sammasut (2007), Assessment of community business performance achievement: A case study of OTOP enterprises for food products. Mahidol University. Piboolsravut, P. 2004. ‘Sufficiency Economy’, ASEAN Economic Bulletin, 21(1): 127-134.
Puntasen, A., Premchuen, S. & Keitdejpunya, P. 2003. Application of the royal thought about the Sufficiency Economy in SMEs. Bangkok: Thailand Research Fund.
Santiprabhob, V. 2005. Applying Sufficiency Economy Philosophy in business organizations: A synthesis. Unpublished manuscript, Sufficiency Economy Unit, Office of National Economic and Social Development Board, Thailand.
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Sooksan Kantabutra (2007), Development of the Sufficiency Economy Philosophy in the Thai Business Sector: Evidence, Future Research & Policy Implications.
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“Walk the Middle Path” interview from Mr. Jirayu Issarangkul Na Ayuthaya, The Nation Newspaper, February 1, 2007.
“What is Sufficiency Economy?” Office of the National Economic and Social Development Board, May - July, 2006.
Vathanophas, V. 2005. Applying Sufficiency Economy Philosophy in business organizations: A case of Thai.Com. Unpublished manuscript, Sufficiency Economy Unit, Office of National Economic and Social Development Board, Thailand.
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Bua Kaow, October - December, 2007.
Collins, J.C., & Porras J. I. 1997. Built to last: Successful habits of visionary companies. London: Century. Data from telegraphy of ministry, 0702/v. 20/2550(2007), January 11, 2007 Hakan Bjorkman, UN CHRONICLE No. 2, 2006.
H.E. General Prem Tinsulanonda President of The Privy Council and Statesman, at the Leadership Forum 2001 Imperial Queen’s Park Hotel, Bangkok , March 15, 2001
H.E. Paiboon Wattanasiritham, Minister of Social Development and Human Security: at East Asia and South East Asia MDG Forum Hanoi, Socialist Republic of Vietnam. Country Statement, Thailand perspectives on the MDGs, 1-2 March 2007 “His Majesty’s Philosophy of Sufficiency Economy and the Royal Development Study Centres” H.E. Mr. Ampol Senanarong Privy Councilor by Monday, November 8, 2004 at the Ministry of Foreign Affairs, Bangkok
Isarangkura na Ayudhaya, C. 2006. “Sufficiency Economy”: A Speech at the 2006 Asian Roundtable on Corporate Governance. Bangkok: The Stock Exchange of Thailand.
Jaratpan, Sufficiency Economy - Do you think you really understand the concept? Office of the National Economic and Social Development Board, March 2009.
Kantabutra, S. 2005. Applying Sufficiency Economy Philosophy in business organizations: A case of Sa Paper Preservation House. Unpublished manuscript, Sufficiency Economy Unit, Office of National Economic and Social Development Board, Thailand.
Kusumavalee, S. 2005. Applying Sufficiency Economy Philosophy in business organizations: A case of Siam Cement Group. Unpublished manuscript, Sufficiency Economy Unit, Office of National Economic and Social.
Mahidol University Leadership Research Group 2006. An ongoingexamination of Sufficiency Economy Philosophy in business: A case of Theptarin Hospital. College of Management, Mahidol University.
National Economic and Social Development Board (NESDB) 2004a. What is Sufficiency Economy? Bangkok, Thailand: NESDB.
National Economic and Social Development Board (NESDB) 2004b. Q & A About Sufficiency Economy Philosophy. Bangkok, Thailand: NESDB. News Division, Department of Information, February 20, 2007.
Nuttavuthisit, K. 2005. Applying Sufficiency Economy Philosophy in business organizations: A case of Pranda Jewelry. Unpublished manuscript, Sufficiency Economy Unit, Office of National Economic and Social Development Board, Thailand.
Pawanrat Sammasut (2007), Assessment of community business performance achievement: A case study of OTOP enterprises for food products. Mahidol University. Piboolsravut, P. 2004. ‘Sufficiency Economy’, ASEAN Economic Bulletin, 21(1): 127-134.
Puntasen, A., Premchuen, S. & Keitdejpunya, P. 2003. Application of the royal thought about the Sufficiency Economy in SMEs. Bangkok: Thailand Research Fund.
Santiprabhob, V. 2005. Applying Sufficiency Economy Philosophy in business organizations: A synthesis. Unpublished manuscript, Sufficiency Economy Unit, Office of National Economic and Social Development Board, Thailand.
Shawn W Crispin is Asia Times Online’s Southeast Asia editor, October 5, 2006.
Sooksan Kantabutra (2007), Development of the Sufficiency Economy Philosophy in the Thai Business Sector: Evidence, Future Research & Policy Implications.
Suesuwan, E. 2007 [Online] Available on November11, 2007. Seesan Chewit (Colour of Life): http://www.asoke.info/09Communication/harmaPublicize/Kid/k14 7/16.html
“Thailand’s Economy is open for business.” M.R. Pridiyatorn Dhevakul, Thailand’s Deputy Prime Minister and Minister of Finance, Newspaper, The Wall Street Journal, January 31, 2007(2550).
“The Wisdom of the ‘Middle Path’ Mr. Anant Panyarachun, International Herald Tribune, Newspaper, May 25, 2006.
UNDP, 2007. Thailand Human Development Report 2007: Sufficiency Economy and Human Development. United Nations Development Programme, Bangkok. 2007: 35.
UNEP RRCAP resources, UN ESCAP (2006).
“Walk the Middle Path” interview from Mr. Jirayu Issarangkul Na Ayuthaya, The Nation Newspaper, February 1, 2007.
“What is Sufficiency Economy?” Office of the National Economic and Social Development Board, May - July, 2006.
Vathanophas, V. 2005. Applying Sufficiency Economy Philosophy in business organizations: A case of Thai.Com. Unpublished manuscript, Sufficiency Economy Unit, Office of National Economic and Social Development Board, Thailand.
Web site:
1. http://www.eastwestcenter.org
2. http://www.reflectedknowledge.com/clients/GSB/sufficiency/sufficiency.htm
3. http://www.sufficiencyeconomy.org
4. http://www.nesdb.go.th
5. http://www.atimes.com/atimes/Southeast_Asia/HJ05Ae01.html
6. http://www.un.org /chronicle
7. http://www.google.com
8. http://www.yahoo.com
9. http://kyotoreview.cseas.kyoto-u.ac.jp/issue/issue3/article_292.html
10. http://thailand.prd.go.th/the_royalty_view.php?id=496
11. http://thailand.prd.go.th/ebook/king/new_theory.html
12. http://www.thaindian.com/news-snippet/his-majesty-the-kingssufficiency-economy-philosophy-and-mahatma-gandhis-selfsufficiency-ideas-4566.html
13. http://www.chaipat.or.th/chaipat/journal/aug99/eng/self.html
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Published
2020-08-11
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Kanbute, S., & Singh, N. (2020). Self-Sufficient Economy : Challenge and Opportunity for Thai Society. SUTHIPARITHAT JOURNAL, 23(70), 121–139. retrieved from https://so05.tci-thaijo.org/index.php/DPUSuthiparithatJournal/article/view/245832
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