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the philosophy of sufficiency economy“Sufficiency Economy” is a philosophy bestowed by His Majesty King Bhumibol Adulyadej to the people of Thailand. Through royal remarks on many occasions over the past three decades, His Majesty has provided guidance on appropriate conduct covering numerous aspects of life.After the economic crisis, His Majesty reiterated and expanded on his“philosophy of sufficiency economy” in remarks made in December 1997 and 1998. The philosophy points the way for a recovery that will lead to a more resilient and sustainable economy that is better able to meet emerging challenges such as globalization.
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