The Sufficiency Economy, which no doubt has more of a ring to it in Thai, builds on traditional Thai values of self-reliance, perseverance and wise living. Moderation is one of its key principles – neither lack nor excess, living within one’s means and keeping in control of circumstances. Another is resilience and risk management, or ‘self immunity’ as the king’s Chaipattana Foundation puts it. Greater self-sufficiency is encouraged, not as an absolute, but as a way of increasing independence and autonomy.
The philosophy is applied at household level, particularly in rural areas, but it has been influential at the national level too, particularly since the 1997 crash. The collapse of the ‘tiger economies’ offered a pause for reflection, and the Sufficiency Economy became a sort of counter-balancing idea. Thailand would not resist modernity and globalisation, but it would take more care to provide enough for everyone and to protect itself from future shocks. “Being a tiger is not important” said the king. “The important thing is for us to have a sufficient economy. A sufficient economy means to have enough to support ourselves… we have to take a careful step backward.”
The king has considerable power but is not involved in the day to day government, so his ideas are not enshrined in law and function more as guiding principles. Many of the practical articulations of the philosophy are the king’s own projects and pilots in renewable energy or integrated agriculture. I don’t know enough about Thai culture to know how familiar most people would be with them, so I couldn’t say how far it penetrates into everyday life or politics
The Sufficiency Economy, which no doubt has more of a ring to it in Thai, builds on traditional Thai values of self-reliance, perseverance and wise living. Moderation is one of its key principles – neither lack nor excess, living within one’s means and keeping in control of circumstances. Another is resilience and risk management, or ‘self immunity’ as the king’s Chaipattana Foundation puts it. Greater self-sufficiency is encouraged, not as an absolute, but as a way of increasing independence and autonomy.The philosophy is applied at household level, particularly in rural areas, but it has been influential at the national level too, particularly since the 1997 crash. The collapse of the ‘tiger economies’ offered a pause for reflection, and the Sufficiency Economy became a sort of counter-balancing idea. Thailand would not resist modernity and globalisation, but it would take more care to provide enough for everyone and to protect itself from future shocks. “Being a tiger is not important” said the king. “The important thing is for us to have a sufficient economy. A sufficient economy means to have enough to support ourselves… we have to take a careful step backward.”The king has considerable power but is not involved in the day to day government, so his ideas are not enshrined in law and function more as guiding principles. Many of the practical articulations of the philosophy are the king’s own projects and pilots in renewable energy or integrated agriculture. I don’t know enough about Thai culture to know how familiar most people would be with them, so I couldn’t say how far it penetrates into everyday life or politics
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