The philosophy of the sufficiency economy: a contribution to the theory of development

  title={The philosophy of the sufficiency economy: a contribution to the theory of development},
  author={Prasopchoke Mongsawad},
  journal={Asia-Pacific Development Journal},
The King of Thailand’s philosophy of sufficiency economy highlights a balanced way of living. Three principles—moderation, reasonableness, and self-immunity—along with the conditions of morality and knowledge can be applied to any level of the society—from an individual to a country. This article proposes that the philosophy of sufficiency economy conveys new theory in addressing current development challenges, which are issues of institutions, human capital, environmental sustainability and… 

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