Sufficiency Economy.
Long live the king. Thai people love their kings one of them was the late king Rama9. King Rama9 is loved by all this and it was so saddening when he passed away. King Rama9 introduced a system sufficiency economy in this easy.
Sufficiency economy is a
philosophy that stresses the middle part as an overriding principle for
appropriate conduct by the populace at all levels.
For to use sufficiency economy have 3 steps.
Step
1 Moderation
within reason, in the sense of not too much or not too little, is an Eastern
concept. As His Majesty the King has stated: “Being moderate does
not mean being too strictly frugal; consumption of luxury items is permitted…
but should be moderate according to one’s means” (Royal Speech, given
at Dusit Palace, 4 December 1998)
Step
2 Reasonableness
requires that the choices we make be justifiable by using academicapproaches,
legal principles, moral values or social norms. (thaiembassy,20
February 2015)
Step
3 Self-immunity
emphasizes the need for built-in resilience against the risks which arise from
internal and external changes by having good risk management; Sufficiency
Economy recognizes that the circumstances and situations that influence our
lives are dynamic and fluid. (thaiembassy,20 February 2015)
Developed this system by King Bhumibol Adulyadej of Thailand and
happened at first is Thailand.
And finally, sufficiency economy helps to manage the hiving system for
better and helps to not cause extravagance.
Name : Laila Salaemae 61107587
School of Political science and laws
Section 32
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