The Rural Development of Thailand: Concept of Sufficiency Economy Philosophy

Abstract

The Eleventh National Economic and Social Development Plan (2555-2559 BC) was created during a period when the United States had social, economic, and environmental changes which occurred rapidly and affected severely. Based on the Eighth Plan to the Tenth Plan, “the philosophy of sufficiency economy” was applied widely at all levels including family, community, society, or nation which contributed to strengthening the immune system and helping Thailand to cope with such changes. In the Eleventh Plan, all sectors of society in Thailand jointly agreed to adopt the philosophy of sufficiency economy as a guideline to continue the development of the country. The aim of immunity and appropriate risk management was to develop the country for balance and sustainability (The Eleventh National Economic and Social Development Plan).