Letters | Thailand offers the world an empowering philosophy of sustainable growth
- Thailand’s Sufficiency Economy Philosophy supports neighbouring countries to attain economic security, food security and self-sufficiency
- The success of SEP projects also contributes towards peace, prosperity and closer people-to-people ties, which can apply to cooperation with countries beyond the region
The philosophy is a culmination of His Majesty King Bhumibol Adulyadej’s reflections from decades of extensive tours and conversations with villagers around the country. It was first introduced after the Asian financial crisis in 1997 and remains the core of national development efforts to this day.
SEP acts as a compass towards sustainability, based on three interrelated principles and two pillars.
The first principle is moderation, which means producing and consuming within one’s capacity, and avoiding overindulgence.
Second, reasonableness, or the use of our mental faculties to assess the causes and consequences of actions to our well-being, our household and our community.
Third, prudence, which refers to risk management and being prepared for disruptions.
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