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“Sufficiency Economy and Co-operatives”

“Sufficiency Economy and Co-operatives”. H.E. Mr. Theera Wongsamut Minister of of Agriculture and Cooperatives. The Ninth Asia –Pacific Cooperative Minister’s Conference At The United Nations Conference Centre, Bangkok 27 February 2012. The Sufficiency Economy Philosophy .

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“Sufficiency Economy and Co-operatives”

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  1. “Sufficiency Economy and Co-operatives” H.E. Mr. TheeraWongsamut Minister of of Agriculture and Cooperatives The Ninth Asia –Pacific Cooperative Minister’s Conference At The United Nations Conference Centre, Bangkok 27 February 2012

  2. The Sufficiency EconomyPhilosophy “Sufficiency Economy” is a philosophy bestowed by His Majesty the King to his subjects through royal pronouncements made on many occasions over the past three decades. The philosophy provides guidance on appropriate conduct covering numerous aspects of life. After the economic crisis in 1997, His Majesty reiterated and expanded on the concept of “Sufficiency Economy” in further remarks made in December 1997 and again in December 1998. The philosophy points the way to recovery that will lead to a more resilient and sustainable economy, better able to meet the challenges arising from globalization and other changes. * A working definition compiled from remarks made by His Majesty the King on various occasions and approved by His Majesty and sent by His Majesty’s Principal Private Secretary to the NESDB on November 29, 1999.

  3. Philosophy of “Sufficiency Economy” “Sufficiency Economy” is a philosophy that stresses the middle path as an overriding principle for appropriate conduct at all levels of society.

  4. “Sufficiency” means moderation, reasonableness, and the need for self-immunity to gain sufficient protection from impacts arising from internal and external changes.

  5. Moderation “Immune” System Reasonableness Leading to HM King’s Philosophy of "Sufficiency Economy” The Middle Path Wisdom Condition (an application of knowledge with due consideration and prudence ) Moral Condition(honesty, integrity, diligence, patience, perseverance) Life/Economic/Social Balance/Stable/Sustainable

  6. Sufficiency Economy • and its application

  7. The New Thoery • The New Theory is divided into three consecutive stages comprising with : • production for self-sufficient

  8. The New Thoery (con’t) • grouping themselves for improving their capability, and

  9. The New Thoery (con’t) • launching their production into business.

  10. New Theory for Agriculture 1. First step The aim is to let the farmers be able to support themselves (self-sufficiency) especially concerning rice. If the main problem is water then they should dig a pond in their land to make sure that they have enough water for farming and household usages which they might need support from the government or private sector in digging the pond.  2. Second step Farmers should work together and create a cooperative to reduce the cost of production and for saving purposes as well as social security and together they will also have more negotiating power in selling their products to the markets. 3. Third step For developed communities, further expansion of the production process and commerce such as cooperative stores or rice milling factories can rely further from the cooperation from commercial banks or oil companies in improving their livelihood.

  11. The New Theory the land should be divided into a proportion of 30:30:30:10 as follows: 1st portion: Farm pond = 30% 2nd portion: Main production/Paddy field = 30% 3rd portion: Other production = 30% 4th portion: Housing & others = 10%

  12. Sustainable Development Step – by – step (Strengthening people in the community) self-help / self responsibility Strong Foundation Philosophy of Sufficiency Economy

  13. Sustainable Development Balanced Approach Philosophy of Sufficiency Economy

  14. Thank YouSawasdee Krub

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