(Photo by Pattarapong Chatpattarasill)The sufficiency economy philosophy conceived by His Majesty King Bhumibol Adulyadej The Great is one of his most famous and enduring legacies. "Sufficiency economy does not mean one has to economise or tighten one's belt all the time. He said sufficiency economy was a "new theory" which offered guidelines for families and communities to be self-sufficient and self-reliant. "The sufficiency economy philosophy also teaches us to be diligent and persevering. He said: "Your Majesty's sufficiency economy philosophy -- emphasising moderation, responsible consumption and resilience to external shocks -- is of great relevance to communities everywhere during these times of rapid globalisation."

Source: Bangkok Post December 04, 2020 21:30 UTC