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In its 2012 introduction to the 11th National Economic and Social Development Pl… The philosophy recommends that “our decisions and action, at the individual, community and national levels, be based upon reasonableness, moderation and prudence with clear virtues and knowledge,” Virachai Plasai, Ambassador and Permanent Representative of the Kingdom of Thailand to the UN told IPS in a recent interview. “This is the same essence as the Sufficiency Economy Philosophy (SEP), which recommends that our decisions and action, at the individual, community and national levels, be based upon reasonableness, moderation and prudence with clear virtues and knowledge,” he added. “In this regard, the SEP can come into play as a guiding approach for our action to ensure equitable benefits for all: reasonableness in policy-making, moderation in our ways to use the ocean and its resource, and prudence in balancing our different priorities and needs.”. Copyright © 2020 IPS-Inter Press Service. -- Don Pramudwinai, Minister of Foreign Affairs, Thailand. “In this way, our development will not be at the cost of future generations.”. Thai English. For the government of Thailand, one way to achieve the balance between people, planet and prosperity embodied in the SDGs, is by following a development model based on the Sufficiency Economy Philosophy (SEP) of Thailand’s King Bhumibol Adulyadej. For example, he says, when it comes to managing the world’s limited fish stocks the precautionary approach of “exercising informed prudence in the context of uncertainty” reflected in the United Nations Fish Stocks Agreement is also similar to the SEP. All rights reserved. The philosophy is an approach which the government of Thailand has been keen to share with other developing countries, both through South-South cooperation and through its current role as chair of the Group of 77 for the year 2016. According to the 2030 Sustainable Development Agenda, “each year, an estimated one third of all food produced – equivalent to 1.3 billion tonnes worth around $1 trillion – ends up rotting in the bins of consumers and retailers, or spoiling due to poor transportation and harvesting practices.”, The goal reflects a broader overall theme within the UN’s Post-2030 Sustainable Development Agenda of achieving “inclusive and sustainable economic growth” in “a world in which consumption and production patterns and use of all natural resources – from air to land, from rivers, lakes and aquifers to oceans and seas – are sustainable.”. TIPP Theme: Sufficiency Economy Philosophy +662 203 5000 +662 143 9327 firstname.lastname@example.org. “Goal 12 stipulates that we should strive to sustainably use and manage our natural resources while putting our efforts towards achieving economic growth and social equality,” said Plasai. The approach seeks to “harmonise the economic, social and environmental aspects of development,” he added. Its principles have since formed the basis of national development plans, including the 11th, which runs until 2016. “The King’s notion of Sufficiency Economy is more a practice – a model for sustainable development that focuses on transforming the economics of exploitation into the economics of moderation and resilience,” Thailand’s Minister of Foreign Affairs Don Pramudwinai explained during a speech at UN headquarters in January 2016. Your contribution will make a huge difference. Thailand International Cooperation Agency (TICA), The Government Complex Ratthaprasasanabhakti (B) Building, South Zone,8th Floor, 120 Moo 3 Chaengwattana Road, Thungsonghong, Laksi District, Bangkok 10210, Copyright © 2015 TICA All rights reserved. Language. Credit: Irwin Loy/IPS. “In this way, our development will not be at the cost of future generations." All rights reserved. The National Economic and Social Development Board (NESDB) is key to these, and thus to the national implementation of the principles of sufficiency economy. The Sufficiency Economy is a philosophy developed by King Bhumibol Adulyadej of Thailand through his royal remarks over the past three decades. Thailand Promotes Partnerships for a Sustainable World | TIMES Volume 189 Number 11, March 27, 2017; Thailand’s Path for Protecting the Planet | TIMES Volume 189 Number 10, March 20, 2017; Thailand Shares Its Recipe for Alleviating Hunger | TIMES Volume 189 Number 9, March 13, 2017 For Thailand, the 1997 economic crisis served as a costly lesson of unbalanced and unstable growth, partly due to the improper economic and social development process, in which the economy relied heavily on foreign capital inflows and external markets. For example by sharing Sufficiency Economy Philosophy with countries like Bhutan, Lesotho, Lao PDR, Timor-Leste, Tonga, Cambodia and Myanmar, Thailand is participating in what is known as South-South cooperation – where two or more countries of the Global South work together to achieve development. SDG 12 includes targets of substantially reducing waste and ensuring that people know how to live lifestyles in harmony with nature. A. Thailand’s approach guided by SEP fits closely with many of the UN Sustainable Development Goals, including Goal 12: Ensure sustainable consumption and production patterns and Goal 14: Conserve and sustainably use the oceans, seas and marine resources for sustainable development. The Sufficiency Economy Philosophy is an innovative approach to development designed for practical application over a wide range of problems and situations. The Government Complex Ratthaprasasanabhakti (B) Building, South Zone,8th Floor, 120 Moo 3 Chaengwattana Road, Thungsonghong, Laksi District, Bangkok 10210, Details of Thailand's Development Cooperation, Links to International Development Cooperation Agencies, TIPP Theme: Sufficiency Economy Philosophy, Thai International Cooperation Programme (TICP), Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS), Indonesia, Malaysia, Thailand – Growth Triangle (IMT-GT), ASEAN-IAI ( ASEAN-Initiative for ASEAN Integration), Bilateral : Partnership International Organisation, Trilateral : Partnership International Organisation, AITC Theme: Sufficiency Economy Philosophy, AITC Theme: other topics related to Sustainable Development Goals (SDGs), Thai - Swedish Trilateral Development Cooperation, Chulabhorn Research Institute Training Programme, TIPP Theme: Other topics related to Sustainable Development Goals (SDGs), Total Value of Thai International Cooperation Program (TICP), Thailand’s Official Development Assistance. contribution of the philosophy to development concerns; and concluding remarks are included in section IV. IPS is an international communication institution with a global news agency at its core, Royal Thai Honorary Consulates-General in the U.S. H.M. King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua, Thailand’s Anti-Human Trafficking Actions, Temporary Adjustment of Consular Services during COVID-19 Pandemic, Online appointment for Thai Identification, Online Application for Thailand Visa and Certificate of Entry (COE), FAQ for Non-Thais wishing to enter Thailand, Thailand Promotes Partnerships for a Sustainable World, Thailand’s Path for Protecting the Planet, Thailand Shares Its Recipe for Alleviating Hunger, Thailand’s Path Toward Sustainable Development Goals, A Practical Approach toward sustainable development | Ministry of Foreign Affairs of the Kingdom of Thailand. A. COVID-19 situation in and travel to Thailand Read More >, E-Book : A Practical Approach toward sustainable development | Ministry of Foreign Affairs of the Kingdom of Thailand, TIMES Volume 189 Number 11, March 27, 2017, TIMES Volume 189 Number 10, March 20, 2017, TIMES Volume 189 Number 9, March 13, 2017. Whether Thailand’s Philosophy of Sufficiency Economy will have long-term positive outcomes for the country remains to be seen, and much depends on how future governments choose to allocate funds and manage projects. Would you consider a $20.00 contribution today that will help to keep the IPS news wire active? By sharing it’s Sufficiency Economy Philosophy approach to achieving sustainable development Thailand can help contribute to the different types of cooperation needed to achieve the 17 SDGs, which all 193 UN member states have agreed to work towards achieving by the year 2030. THEORITICAL FRAMEWORK King Bhumibol Adulyadej proposed the philosophy of sufficiency economy (PSE) to people of Thailand on 4 December 1997.6 The philosophy guides people in living their lives according to the middle path. In Thailand, sufficiency economy has meanwhile become part of the constitution, as well as a philosophy adopted by governments, businesses and individuals. II. - Terms & Conditions. “The challenge before us is how to use the oceans and their resources without compromising the opportunities for future generations to rely on the same oceans for their development,” said Plasai. “Under South-South cooperation framework, Thailand, through our development arm, the Thailand International Cooperation Agency (TICA), has been working closely with other developing countries, near and far, to provide technical assistance and share know-how on the application of the Sufficiency Economy Philosophy (SEP),” said Plasai. This includes providing assistance in applying the philosophy in areas such as agriculture capacity building and community development, he added. A. Thailand International Cooperation Agency (TICA) กรมความร่วมมือระหว่างประเทศ . Sufficiency Economy Philosophy. Sufficiency Economy Philosophy seeks to "harmonise the economic, social and environmental aspects of development." Copyright © 2020 IPS-Inter Press Service. UNITED NATIONS, Aug 26 2016 (IPS) - The UN’s 17 Sustainable Development Goals (SDGs) don’t just define development in terms of economic growth, they also call for sustainable use of the world’s limited natural resources. This story includes downloadable print-quality images -- Copyright IPS, to be used exclusively with this story.