King of Thailand : Sufficiency

In order to develop the country one needs to work systematically starting from the construction of the foundation, that is, that the people have livelihoods sufficient to support their basic human needs. This must be carried out in an economical and practical manner based upon academic principles. Once a strong foundation is achieved it then becomes feasible to develop higher levels of modernization.
His Majestys royal speech. 19 July 1974.
HM the King stresses that development is based on self support, reasonable consumption and living in moderation. His Majesty advises his people not to be overindulgent but to be truthful and just. This principle is known as Sufficiency Economics which is self support on the family level and unity and harmony within their community in both the private and public sectors linking to outside communitys business systems.
If the rural area thrives the country as a whole will too. is part of a guideline speech graciously given by His Majesty the King to private and government sectors cooperating in seriously researching to develop Thai agriculture. His Majesty realizes that agriculture is the true foundation to the kingdoms sustainable development.
It is clear that His Majestys wide vision has brought the country out of numerous economic crises in which the people of Thailand of all walks of life had to re-consider the previous direction of national development.




The philosophy of sufficient economy graciously given by His Majesty the King is the perfect model of the middle path life style where the individual learns to work deligently, utilising his resources to the utmost benefit, realising his capability and leading an organized life consuming sufficiently within his means.

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