It promotes middle path in management of economy in the era of globalization. The philosophy has three key principles: moderation, wisdom or insight, and resilience against risks arising from internal or external changes. Individuals need a certain measure of self-reliance to deal best with the market; and countries need a certain measure of self-reliance to deal with globalization. Sufficiency has the dual meaning of ‘not too little’ and ‘not too much’ The principle of moderation or middle way is a guide for finding the right balance between internal resources and external pressures, between the needs of societies at the grassroots, and the imperatives of the global economy.