The Philosophy of Sufficiency Economy
Sufficiency Economy is a philosophy
bestowed by His Majesty King Bhumibol
Adulyadej to the people of Thailand. Through
royal remarks on many occasions over the past
three decades, His Majesty has provided guidance
on appropriate conduct covering numerous
aspects of life. After the economic crisis, His
Majesty reiterated and expanded on his
“Philosophy of Sufficiency Economy” in remarks
made in December1997 and 1998. The philosophy
points the way for a recovery that will lead to a
more resilient and sustainable economy that is
better able to meet emerging challenges such as
globalization.