Monday 1 November 2010

Sufficiency Economy

 Among competition in business world, money has become basic necessity and the most important factors in life. However, in past years many countries including powerful countries around the world have suffered from economic recession or great depression. As in my country Thailand we had suffered from bubble economic in 1997 in this situation sufficiency economy which is a philosophy bestowed by His Majesty the King has been advised to his people more than 20 years before economic crisis occurred. The philosophy suggests guidance on appropriate conduct in life and point the way to recovery that will contribute to sustainable economy and be able to meet other changes in globalization.
The development according to a philosophy, the principle is based on moderate practice by considering limitation, reasonableness and morality including application of knowledge. It is important to strengthen the moral of the nation so that everyone such as businessman, public sections or academics insists on the principles.
Sufficiency philosophy was received an admiration from UN in 2006 and the UN attempted to encourage its member adhere to the principle of integrity. Sufficiency economy is a conceptual framework that leads to theory or major principles. The philosophy can be said that it can recover and protect the economy from crisis or unexpected global changes. May be we should consider a new theory of development which leads to sustainable and interdependent economy more the world that full of competition that which country will be the most powerful and wealthiest.  
                                                                                                           

No comments:

Post a Comment