“Sufficiency Economy” is a philosophy recommended by His Majesty the king to his subjects over the past three decades. the philosophy looks at how to behave , covering many aspects of life. After the economic crisis in 1997. His Majesty explained the philosophy of “Sufficiency Economy” in detail in December 1997 . The philosophy points to a way that will lead to a stronger economy,and that is suitable 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 applied 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 knowledge with care is essential. At the same time, it is important to strengthen the morality of the nation, so that everyone,particularly public officials , theorists and businessman, act with honesty and integrity.