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Sufficiency Economy Philosophy and Religion Principles
His Majesty the King presented the Por-Piang Sufficiency economy is a philosophy that stresses the
Philosophy, or “Economy of Sufficiency Philosophy” in English, to middle path as an overriding principle for appropriate conduct by the
the people as a life guiding principle over 30 years ago, decades ago populace at all levels. This applies to conduct starting from the level
before the current economic and environmental crisis. Atime with no of families to communities and to the nation in terms of development
concrete evidence to conclude that the catastrophic elimate change is and administrations, so as to modernize the line with the forces of
man induced More recently, Por-Piang has been recoginzed, again, globalization. Sufficiency means moderation, reasonableness, and
as the imbalance between macro economic developments and eviron the need for self-immunity to protect from impacts arising from
mental preservation current disaster ; the solution as a way to solve internal and external change. To achieve sufficiency, an application
every problem in order for his people to be strong and survive the of knowledge with due consideration and prudence is essential.
current time of globalization and climate changes. At the same time, a way of life based on patience, perseverance,
diligence, wisdom and prudence is indispensable in creating
The philosophy was founded by His Majesty the
balance and sustainability of life, economy, society, and
King, a leader of whom prudent intuition realized the long-term
environment.
effects of rapid changes in the economy, both domestically and on
the global stage. Thus, his purpose was to prepare the Thai people
to be ready for change, and maintain their lives with stability
and sustainability with contentment and self-sufficiency in
one’s own economic practices, which, in turn, extends positive
externalities to society, as well. People can learn to use their resources
wisely with the 6 basic pillars of Por Piang Philosophy: 1. The
Middle Path, 2. Progressive, 3. Preparedness (Immunity), 4. Integrity
5. Expertise
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