Sufficiency Economy เศรษฐกิจพอเพียง
Sufficiency Economy is a philosophy initiated and addressed by His Majesty the King on many occasions for over 25 years.The philosophy provides guidance on appropriate conduct covering numerous aspects of life. After the economic crisis in 1997,His Majesty the King reiterated and expanded on the philosophy of Sufficiency Economy. The philosophy points the way for recovery that will lead to a more resilient and sustainable economy,better able to meet the challenges arising from globalization and other changes.
Sufficiency Economy is a philosophy that stresses the middle path as an overiding principle for appropriate conduct by the populace at all levels. This applies to all conduct starting from the level of families, communities, as well as the level of nation in developmentband administration. So as to modernize in line with forces of globalization.
“ Sufficiency ” means moderation. Reasonableness, and the need of self-immunity for sufficient protection from impact arising from internal and external changes. To achieve this,an application of Knowledge with due considerration and prudence is essential. In particular, great care is needed in the utilization of theories and methodologies for planning and implementation in every step.. At the same time, it is essential to strengthen the moral fibre of the nation, so that everyone particularly government officials, academics, businessmen at all levels, adheres first and foremost to the principles of honesty and integrity. In addition, a way of life based on patience, perseverance, diligence, wisdom, and prudence is indispensable to create balance and be able to cope appropriately with critical challenges arising from extensive and rapid socioeconomic, environmental and cultural changes in the world.
Vocabulary
1. Sufficiency Economy = เศรษฐกิจพอเพียง 13. prudence = ความรอบคอบ
2. philosophy = ปรัชญา 14. utilization = การนำไปใช้ประโยชน์
3. to reiterate = เน้นย้ำ 15. methodologies = หลักวิชาการ
4. resilient = อย่างมั่นคง 16. implementation = การนำไปใช้
5. sustainable = อย่างยั่งยืน 17. moral fibre = พื้นฐานจิตใจ
6. challenges = ความท้าทาย 18. integrity = ความซื่อสัตย์
7. middle path = ทางสายกลาง 19. patience = ความอดทน
8. populace = ประชาชน 20. perseverance = ความพากเพียร
9. moderation = ความพอประมาณ 21.diligence = ความขยันหมั่นเพียร
10. resonableness = ความมีเหตุผล
11. self-immunity = ภูมิคุ้มกันในตัว
12. application = การนำมาใช้