|
Agriculture In Thailand
Agriculture in Thailand is highly competitive, diversified and specialized and its exports are very successful internationally. Rice production in Thailand, Rice is the country's most important crop, with some 60 percent of Thailand's 13 million farmers growing it on almost half of Thailand's cultivated land. Thailand is a major exporter in the world rice market. Rice exports in 2014 amounted to 1.3 percent of GDP. Agricultural production as a whole accounts for an estimated 9–10.5 percent of Thai GDP. Forty percent of the population work in agriculture-related jobs. The farmland they work was valued at US in 2013. Most Thai farmers own fewer than of land. Other agricultural commodities produced in significant amounts include fish and fishery products, tapioca, rubber, cereal, grain, and sugar. Exports of industrially processed foods such as canned tuna, pineapples, and frozen shrimp are on the rise. History After the Neolithic Revolution, the societal structure in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hierarchy
A hierarchy (from Ancient Greek, Greek: , from , 'president of sacred rites') is an arrangement of items (objects, names, values, categories, etc.) that are represented as being "above", "below", or "at the same level as" one another. Hierarchy is an important concept in a wide variety of fields, such as architecture, philosophy, design, mathematics, computer science, organizational theory, systems theory, systematic biology, and the social sciences (especially political science). A hierarchy can link entities either directly or indirectly, and either vertically or diagonally. The only direct links in a hierarchy, insofar as they are hierarchical, are to one's immediate superior or to one of one's subordinates, although a system that is largely hierarchical can also incorporate alternative hierarchies. Hierarchical links can extend "vertically" upwards or downwards via multiple links in the same direction, following a path (graph theory), path. All parts of the hierarchy that are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thai Baht
The baht (; , ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). Prior to decimalisation, the baht was divided into eight ''fueang'' (, ), each of eight ''at'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldwide Interbank Financial Telecommunication, SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023. History ImageSize = width:1500 height:auto barincrement:15 PlotArea = top:10 bottom:30 right:130 left:20 AlignBars = justify DateFormat = yyyy Period = from:1250 till:2050 TimeAxis = orientation:horizontal ScaleMajor = unit:year increment:50 start:1250 ScaleMinor = unit:year increment:10 start:1250 Colors = id:canvas value:rgb(1,1,1) id:r value:rgb(0.5,0,0) id:p value:rgb(1,0.1,0.6) id:o value:rgb(1,0.3,0) id:y value:rgb(0.9,0.7,0.1) id:g value:rgb(0,0.4,0) id:m value:rgb(0,0.8,0) id:b value:r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middle Income Trap
In development economics, the middle income trap is a situation where a country has developed until GDP per capita has reached a middle level of income, but the country does not develop further and it does not attain high income country status. The term was introduced by the World Bank in 2007 who defined it as the "middle-income range" countries with gross national product per capita that has remained between $1,000 to $12,000 at constant (2011) prices. Origin of the term The term was coined by economists Indermit Gill and Homi Kharas in 2007 when they were working on the ground strategies for East Asian economics in the World Bank report "An East Asian Renaissance: Ideas for Economic Growth". Dynamics and avoidance According to the concept, a country in the middle-income trap has lost its competitive edge in the export of manufactured goods due to rising wages, but is unable to keep up with more developed economies in the high-value-added market. As a result, newly indu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsistence Farming
Subsistence agriculture occurs when farmers grow crops on smallholdings to meet the needs of themselves and their families. Subsistence agriculturalists target farm output for survival and for mostly local requirements. Planting decisions occur principally with an eye toward what the family will need during the coming year, and only secondarily toward market prices. Tony Waters, a professor of sociology, defines "subsistence peasants" as "people who grow what they eat, build their own houses, and live without regularly making purchases in the marketplace". Despite the self-sufficiency in subsistence farming, most subsistence farmers also participate in trade to some degree. Although their amount of trade as measured in cash is less than that of consumers in countries with modern complex markets, they use these markets mainly to obtain goods, not to generate income for food; these goods are typically not necessary for survival and may include sugar, iron roofing-sheets, bicyc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agribusiness
Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit while satisfying the needs of consumers for products related to natural resources. Agribusinesses comprise farms, food and fiber processing, forestry, fisheries, biotechnology and biofuel enterprises and their input suppliers. Studies of business growth and performance in farming have found that successful agricultural businesses are cost-efficient internally and operate in favourable economic, political, and physical- organic environments. They are able to expand and make profits, improve the productivity of land, labor, and capital, and keep their costs down to ensure market price competitiveness. Agribusiness is not limited to farming. It encompasses a broader spectrum through the agribusiness system which includes input supplies, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smallholder
A smallholding or smallholder is a small farm operating under a small-scale agriculture model. Definitions vary widely for what constitutes a smallholder or small-scale farm, including factors such as size, food production technique or technology, involvement of family in labor and economic impact. There are an estimated 500 million smallholder farms in developing countries of the world alone, supporting almost two billion people. Smallholdings are usually farms supporting a single family with a mixture of cash crops and subsistence farming. As a country becomes more affluent, smallholdings may not be self-sufficient. Still, they may be valued for providing supplemental sustenance, recreation, and general rural lifestyle appreciation (often as hobby farms). As the sustainable food and local food movements grow in affluent countries, some of these smallholdings are gaining increased economic viability in the developed world as well. Small-scale agriculture is often in tension ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Globalization
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialisation''). It developed its current meaning sometime in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the Post–Cold War era, post–Cold War world. The origins of globalization can be traced back to the 18th and 19th centuries, driven by advances in transportation and communication technologies. These developments increased global interactions, fostering the growth of international trade and the exc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Self-sufficiency
Self-sustainability and self-sufficiency are overlapping states of being in which a person, being, or system needs little or no help from, or interaction with others. Self-sufficiency entails the self being enough (to fulfill needs), and a self-sustaining entity can maintain self-sufficiency indefinitely. These states represent types of personal or collective autonomy. A self-sufficient economy is one that requires little or no trade with the outside world and is called an autarky. Description Self-sustainability is a type of sustainable living in which nothing is consumed other than what is produced by the self-sufficient individuals. Self-sustainability is a comprehensive approach to sustainable living that extends beyond mere environmental responsibility to encompass economic independence, reduced reliance on major corporations, and minimizing environmental impact through personal actions. Examples of attempts at self-sufficiency in North America include simple living, fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank For Agriculture And Agricultural Co-operatives
The Bank for Agriculture and Agricultural Cooperatives (BAAC) () was established in 1966. The bank is 99.79 percent owned by the Thai Ministry of Finance. BAAC's Swift code is BAABTHBK. BAAC's fiscal year runs from 1 April to 31 March. History BAAC was established on 1 November 1966 as a government-owned bank to provide affordable credit to agricultural producers, either directly or through agricultural cooperatives An agricultural cooperative, also known as a farmers' co-op, is a producer cooperative in which farmers pool their resources in certain areas of activities. A broad typology of agricultural cooperatives distinguishes between agricultural servic ... and farmers' associations. BAAC assumed the functions of the Bank for Cooperatives (which had been established in 1947). In March 1993, BAAC was also authorized to lend to farmers for agriculturally-related activities, e.g., cottage industries, and more recently, for non-agricultural activities. Performance For ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agribusiness
Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit while satisfying the needs of consumers for products related to natural resources. Agribusinesses comprise farms, food and fiber processing, forestry, fisheries, biotechnology and biofuel enterprises and their input suppliers. Studies of business growth and performance in farming have found that successful agricultural businesses are cost-efficient internally and operate in favourable economic, political, and physical- organic environments. They are able to expand and make profits, improve the productivity of land, labor, and capital, and keep their costs down to ensure market price competitiveness. Agribusiness is not limited to farming. It encompasses a broader spectrum through the agribusiness system which includes input supplies, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
