Sufficiency Economy

The Sufficiency Economy is a philosophy developed by Thailand's King Rama IX, emphasizing moderation, responsible decision-making, and resilience. It encourages individuals and societies to live within their means, avoid excess, and make balanced choices to ensure long-term well-being. The approach values sustainability, ethical conduct, and adaptability, aiming to reduce vulnerabilities to external shocks like economic crises or natural disasters. In practice, it promotes prudent resource use and collective harmony, fostering a stable, resilient society that can adapt and thrive amidst changing conditions.