Sufficiency Economy Philosophy for Sustainable Development

Abstract

          This article to discusses of the Philosophy of Sufficiency Economy, which the King Bhumibol Adulyadej majesty to bestowed of Thai’s people. The philosophy has been accepted and applied broadly by every sector. Not only it helps to deal with all crisis situations, but also it solves the problems of economic and social imbalances resulted from the past developments. The goal of the philosophy is to create equal and sustainable developments for inner-directed and external changes of economics, society, environment and culture. Sufficiency Economy Philosophy comprising 2 conditions of intelligence and perseverance is based on moderation of sufficiency, reasonability, and social immunity. It is suitable for people’s daily lives and it can be suitably applied in different contexts. The philosophy provides the same direction of practice and increases the dynamic force. Thus, applying the Sufficiency Economy Philosophy in all levels leads to equal and sustainable developments in Thai society.