Knowledge is a necessary condition for Sufficiency Economy to work, ascomprehensive knowledge and academic approaches play important roles at every stage of planning and implementation.
Ethics and virtues are vital and will foster human development in a way that issuccessful and sustainable. These values ought to be embraced by all, particularly by civil servants, intellectuals and business people. In recent years, good corporate governance has been guided by ethics as a core value.
Foundation-building as a crucial first step to development. “The development of the country must proceed in stages. First of all, there must be a foundation with the majority of people having enough to live on by using methods and equipment which are economical but technically correct as well. When such a secure foundation is adequate and ready, then it can be gradually expanded and developed to raise prosperity and economic standards to a higher level by stages.”(His Majesty the King’s Royal Address, given at Kasetsart University, 18 July 1974)