From the sufficiency economy philosophy to sustainable. This administrations policy towards sustainable development incorporates the sufficiency economy philosophy as its guiding principle to create prosperity and progress throughout all sectors of thai society, so that families can live and work together without having to come to bangkok as the only way to seek their fortunes. Sufficiency economy is a philosophy that stresses the middle path as the overriding principle for appropriate conduct by the populace at all levels. Sufficiency economy principles that was promulgated and implemented by the king of thailand is largely grounded on the principles of buddhism which is likewise the major religion in the region 2006. Bestowed by his majesty king bhumibol adulyadej on the people of the kingdom of thailand, the sufficiency economy philosophy has now firmly taken root in thai society. This is a method of development that stresses the distribution of income to build the overall economic foundation and stability of the country before going on to a higher level of development. It promotes a middle path, especially in developing the economy to keep up with the world in the era of globalization. Why is the concept of selfsufficient economy important in nowadays. The philosophy of sufficiency economy, bestowed by his majesty the king bhumibol adulyadej, to the people of thailand in 1974 was reiterated again after the. Business owners are facing with many challenges in an ever changing and more complex business environment.
The philosophy of sufficiency economy is basically a means to achieve happiness at. It is postulated that, the higher the level of the knowledge of the principles that the household has acquired, the better. Moreover, small and mediumsized enterprises smes play a significant role in the thai economy. The king of thailands philosophy of sufficiency economy highlights a balanced. The sufficiency economy philosophy sep and its international role in sustainable development as seen in application in the sep model villages of the lao.
Sufficiency economy is a philosophy that guides the livelihood and behavior of people at all levels, from the family to the community to the country, on matters. We also need to build new areas of cooperation such as under the sep for sgd 2030 initiative, which is the governments approach for espousing the kings philosophy and the sufficiency economy philosophy in order to achieve the uns goals in. Below i have posted the introduction to my new book of collected essays, sufficiency economy. Sufficiency economy philosophy for sustainable future.
The relationship between the understanding of philosophy. To know the significant volume of applying the sufficiency economy philosophy in the smes 4. The sufficiency economy philosophy sep, the driving principle for people or organizations way is based on. Levels and dynamics it is necessary to understand clearly the concept of happiness. Sufficiency economy is a philosophy that guides the livelihood and behavior of people at all levels, from the family to the community to the country, on matters concerning national development and administration. Pdf the sufficiency economy philosophy sep and its.
Even though it was designed to help the kingdom advance, while retaining its traditional values, sufficiency economy can also serve as a guide for individuals, firms, and families. Royal thai embassy project study visit on the sufficiency. Impact of application of sufficiency economy philosophy on. The philosophy of sufficiency economy kanidtah27878. Twenty electronic studies were accessed based on inclusion criteria after the primary and secondary screening processes.
In response to the countrys long excess, sep advocates moderation, appropriate technology, careful risk management, and flexibility. The application of sufficiency economy philosophy for teaching and learning practices at the undergraduate level revealed that the instructors applied the philosophy in all five steps of their instruction, these were instructional planning, teaching methods, activities, teaching materials, and measurement and evaluation. Thailands path towards sustainable development goals. Among these, twentyfour asoke communities have applied the kings sufficiency economy philosophy with buddhist principles for their way of life. Moderation has since become the guiding spirit of the country. This applies to conduct at the level of the individual, families, and communities, as well as to the choice of. Pdf introduced over the backdrop of collective humanitys semiconscious march towards unsustainable future by his majesty king bhumibol. An application of sufficiency economy in the health.
In today competitive business environment is characterized by change and innovation. This article proposes that the philosophy of sufficiency economy conveys new theory in. Impact of application of sufficiency economy philosophy on the wellbeing of thai population. Introduction to sufficiency economy the simplicity. The philosophy can be summed up in one paragraph, as translated from the thai. The sufficiency economy philosophy and small and medium. For example by sharing sufficiency economy philosophy with countries like bhutan, lesotho, lao pdr, timorleste, tonga, cambodia and myanmar, thailand is participating in what is known as southsouth cooperation where two or more countries of the global south work together to achieve development. The philosophy called, sufficiency economy or the middle path can be applied to personal, corporate and family finances, as well as to national development. Even though it was designed to help the kingdom advance, while retaining its traditional values, sufficiency economy can also serve as a guide for individuals, firms, and.
Study visit on the sufficiency economy philosophy sep to sustainable development 2. His majesty king bhumibol adulyadej has expounded the concept of sufficiency economy to the thai people through statements, words of advice. Three principlesmoderation, reasonableness, and selfimmunityalong with the conditions of morality and knowledge can be applied to any level of the societyfrom an individual to a country. Furthermore, the philosophy of sufficiency economy in the permanence is the. On a personal level, the philosophy of sufficiency economy can be adopted by all people simply by adhering to the middle path. The sufficiency economy philosophy sep is a development approach based on buddhism creating sustainable development through the integration of the. It is called the sufficiency economy philosophy sep and it is based on more than four decades of development work, insight and observations by his majesty king bhumibol adulyadej. Sufficiency economy is a philosophy serves as guide for the way of living behaving for people of all levels toward the middle path. The national youth commission, in partnership with the office of the permanent secretary of the kingdom of thailand, opens the application to the 3rd asean youth representatives in experiencing the philosophy of sufficiency economy ayrepse 2019 which will. An application of sufficiency economy in the health sector in thailand by prathurng hongsranagon, ph. Philosophy of sufficiency economy, logit model abstract the purpose of this research paper is to find the relationship between the knowledge of sufficiency economy principles and the quality of life of the households. Sufficiency economy as the model of thailands community. For those unable to pay or who would like an electronic version, the pdf is available on a.
The main objective of this research is to explore the possibility of applying the sufficiency economy philosophy in purchasing of the organizations. A study of performance of smes in their application of. The sufficiency economy philosophy is an innovative approach to development designed for practical application over a wide range of problems and situations. An application of sufficiency economy in the health sector in thailand abstract in 2002 the introduction of the philosophy of sufficiency economy into thailand. How does the selfsufficient economy solve the financial crisis of thailand. The sufficiency economy philosophy sep is a development approach based on buddhism creating sustainable development through the integration of the physical, social and spiritual dimension.
The philosophy reflecting the principle of thai culture is a method of development on the three foundations of moderation, reasonableness, and. Management, sustainability growth, sufficiency economy, entrepreneurs. Sufficiency economy philosophy sufficiency economy is an approach to life and conduct which is applicable at every level from the individual through the family and community to the management and development of the nation. This research aims to investigate conditions in which sufficiency economy philosophy sep.
Conceptual framework the results of business regarding to sufficiency economy that was used in this study are. Thailands path towards sustainable development goals published in commemoration of the special presentation of the united nations development programmes human development lifetime achievement award to his majesty the late king bhumibol adulyadej on 26 may 2006 26 may 2017 second edition. Crisis as opportunity in an age of limits, published earlier this year the paperback of sufficiency economy is available here. The possibility of applying the philosophy of sufficiency. While the philosophy was conceived by the king in the mid1970s, it was formalized in the wake of the 1997 asian financial crisis and has since become the nations.
Download file to see previous pages it is now familiarly known as sufficiency economy principles. Moderation stressing the middle way between hunger and luxury. The sufficiency economy philosophy is initiated by his majesty the king bhumibol adulyadej of thailand. It is my pleasure and honour to introduce the thailand human development report 2007, with the theme of sufficiency economy and human development. Degree doctor of philosophy human resource and organization development year 2014 the purpose of this study was threefold. His majesty kings statement given sufficiency economy and daily life sufficiency economy and daily life economic development must be done step by step.
If all thais use the concept of selfsufficient economy in daily life, what will happen. Introduced over the backdrop of collective humanitys semiconscious march towards unsustainable future by his majesty king bhumibol adulyadej of thailand, sufficiency economy philosophy sep posits an alternative path. Development of innovative community for selfreliance. This is the companion volume to prosperous descent. Ministry of foreign affairs, kingdom of thailand the sufficiency economy philosophy was incorporated into the ninth national economic. At a national level, it imposes an innovative approach on avoiding overconsumption by hedging investments, reducing imports and overdependence on other countries. The king of thailands philosophy of sufficiency economy highlights a balanced way of living. Sufficiency economy was used for development based on foundation of moderation and not be careless by considering the adequacy, reasoning, and development of good immunity in oneself as well as using knowledge.