After the economic crisis in 1997, Office of the National Economic and Social Development Board, economists, and academic staffs requested for the reiteration of the concept.
His Majesty the King reiterated and expanded on the concept of “Sufficiency Economy” in further remarks made in December 1997.
The philosophy points the way to recovery that will lead to a more resilient and sustainable economy, better able to meet the challenges arising from globalization and other changes.