Thailand values this new economics philosophy as a practical tool to effectively manage capitalism in a way that aligns and engages it with social sustainable development. In doing so, Thailand hopes that this approach will foster accountability and empower people and their communities. More importantly, the main goal of The Sufficiency Economy is to measure economic development not just using GDP, but also by taking the reduction of social inequality and poverty into account. This philosophy is also expected to help prevent another economic collapse such as the one that occurred during the mid-90s, and to be a powerful tool for moving the nation overall economy upward.
In this globalized world, we too often expect economic decisions to happen quickly without realizing that these hasty choices could adversely affect our lives and the lives of generations that come after us. It could also be argued that many of the past economic recessions resulted from the greediness and shortsighted decision-making of a group of bankers and executives. I believe that integrating the concept of The Sufficiency Economy into our worldview will give us a different perspective that promotes gradual development based on self-reliance and the principle of having “enough.” We would all do well to keep the three main tenets of this philosophy (moderation, reasonableness, and self-immunity) in mind as we try to change peoples‘ attitudes, behaviors, and way of living at both the micro and macro level.