At least, Thailand should strive with confidence towards sustainable
development under the Sufficiency Economy Philosophy which has added
considerable conceptual and application strength to conventional economic theory and
development economics. Applying the philosophy to Thailand, there is greater
emphasis in building up a strong foundation in poor rural areas for future sustainable
development. In countries, which are mainly non-agricultural, application of the
philosophy should be no less relevant, since the principles of moderation,
reasonableness and self-immunity can be usefully applied to their economies. Within
the last five years, a growing number of Thai professional economists have joined to
study the conceptual and practical impact of His Majesty the King’s Sufficiency
Economy Philosophy and have become increasingly confident that the philosophy
will guide Thailand on the proper path of sustainable development.