Self-Reliant and Independent

National Economy

SELF SUFFICIENCY AND ECONOMIC

INDEPENDENCE
 Economic Self-sufficiency

 Economic self-sufficiency is the ability of individuals

and families to maintain sufficient income and to
consistently meet their basic needs with no or
minimal financial assistance or subsidies from
private or public organizations.
 Economic Self-Sufficiency Goals

 Increase levels of educational attainment to increase

employability and future earnings
 Increase access to work and work supports necessary
for stable employment
 Increase successful transitions from government
safety net services to economic independence
 Increase individuals' ability to be financially resilient
 Independent National Economy

 Self-sufficiency enables a country to be economically

independent and stands on its own feet.
 Example: Thailand
 In fact 1 of 6 people in the world rely on imports to
feed themselves today.
 Are Countries Becoming More Food Insecure?

 By year 2050, more than half of the world’s

population is expected to rely in food sourced from
other countries.
Ways to achieve independent national economy:

 Utilizing the nation's natural resources in a rational

and integrated way, improve the people's living
standard continuously, strengthen the material and
technical foundations of socialism, and increase the
nation's political, economic and military power. - to
follow the line of giving preference to the
development of heavy industry and developing light
industry and agriculture simultaneously.
Decline in merchandise exports and growth in
merchandise imports or widening of trade-in-
goods deficit
Heavy dependence on the electronics trade
Over reliance in China in funding
infrastructure projects
Territorial disputes
Need of industrial development