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Tag: King Bhumibol Sufficiency Economy

Mar 18
A Defense of Thailand’s Sufficiency Economy Philosophy

King Bhumibol the Great of Thailand had many accomplishments during his 70 year reign, but his greatest legacy might be his promotion of a Sufficiency Economy, which is a socio-economic philosophy that emphasizes moderation, self-sufficiency, and resilience to external shocks. His Majesty first introduced the concept of Sufficiency Economy in the late 1970s and early […]