The Sufficiency Economy Philosophy or/prachaya sethakij phor phiang/(ปรัชญาเศรษฐกิจพอเพียง
) in Thai term, has been proposed by King Bhumiphol as a guiding methodology for recovering
Thai economic condition after the nation's economic crisis in 1997, but for some reason,
His Majesty's initiative philosophy has been ignored for many years until after the severe
economic crisis in Euro zone and the United States of America in recent years, the concept
has been brought to be reconsidered as a proper economic philosophy for the overall Thai.