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Bioeconomy as a new S-curve for Thai economy

Author

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  • Narumon SAARDCHOM

Abstract

Thai economic growth lags behind all other ASEAN countries because its export dependence along with the political and economic vulnerabilities. With the growing bioeconomy worldwide, Thailand needs a clear bioeconomy roadmap as a new growth engine for its economy. Four potential clusters to build bioeconomy in Thailand include the bioenergy, bio-based industry, bio-food and bio-agriculture, and bio-medicine and health. There are roadmaps for only the first two clusters. The paper discusses the potential bio-based products for the bio-food and bio-agriculture as well as bio-medicine and health and proposes the use of the Pracharath strategy to build bioeconomy in Thailand with the main objective of creating the sustainable economy. Since a smart community is a key driver for the sustainable economy, five steps to smart community proposed in the paper will immune communities in the rural area of Thailand, make them self-reliant, and remove the dependency culture.

Suggested Citation

  • Narumon SAARDCHOM, 2017. "Bioeconomy as a new S-curve for Thai economy," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(9), pages 430-439.
    • Handle: RePEc:caa:jnlage:v:63:y:2017:i:9:id:78-2016-agricecon
    DOI: 10.17221/78/2016-AGRICECON
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