From Philosophy to Application
The concept of Sufficiency Economy offers solutions to problems in both large cities and rural areas. Linking the modern economic system with the cooperative system. In this connection,.
Applied to public affairs, including development and administration, the Sufficiency Economy approach is better able meet the challenges arising from globalization and realize sustainable growth, while keeping conservation and development in equilibrium.
The Thai Government has been applying this concept to its development process at the grassroots level, and the recovery and strength of the economy—with its social fabric intact—owes much to the application of this approach.
His Majesty’s wisdom has earned not only respect and admiration within Thailand, but also throughout the international community, where the philosophy of Sufficiency Economy has been recognized as an effective approach towards sustainable development. In recent years, many developing countries have sent delegations to study His Majesty’s royal projects on alternative development to see first-hand how the philosophy can be applied.