“Sufficiency Economy” is a philosophy recommended by His Majesty the king to his subjects over the past three decades. the philosphy looks at how to behave , covering many aspects of life. After the economic crisis in 1997. His Majesty exlained the phliosophy of “Sufficiency Economy” in detail in December 1997 . The pilosophy points to a way that will lead to a stronger economy,and that is sauitable to meet the challenges arising from globalisation and other changes.
“Sufficiency Economy” is a philosophy that emphasises the middle path for people at all levels. This applles to behaviour of the individual,families, and communities, as well as for the nation. “Sufficiency" means moderation and due consideration in all behaviour. To achieve this,appiying knowiedga with care is essential. At the same time, it is important to strengthen the morality of the nation, so that everyone,particuiarly pubiic officais, theoristsand businessmen, act with honesty and integrity.