เศรษฐกิจพอเพียงเสด-ถะ-กิด พอ เพียง
sàyt-tà-gìt por piang
  • Noun
    sufficiency economy (This is the name of a philosophy developed by and promoted on many occasions by King Bhumibol Adulyadej. It is defined as: “Sufficiency Economy is a philosophy that stresses the middle path as the overriding principle for appropriate conduct by the populace at all levels. This applies to conduct at the level of individual, families, and communities, as well as to the choice of a balanced development strategy for the nation so as to modernize in line with forces of globalization while shielding against inevitable shocks and excesses that arise. “Sufficiency” means moderation and due consideration in all modes of conduct, as well as the need for sufficient protection from internal and external shocks. To achieve this, the application of knowledge with prudence is essential. In particular, great care is needed in the utilization of untested theories and methodologies for planning and implementation. At the same time, it is essential to strengthen the moral fibre of the nation, so that everyone, particularly public officials, theorists and businessmen, adheres first and foremost to the principles of honesty and integrity. In addition, a balanced approach combining patience, perseverance, diligence, wisdom and prudence is indispensable to cope appropriately with critical challenges arising from extensive and rapid socioeconomic, environmental, and cultural changes occurring as a result of globalization.”)

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