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 ʺPhilosophy of Sufficiency Economyʺ in remarks
made in December 1997 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.