Thailandís Development Approach Takes Inspiration from the Philosophy of Sufficiency Economy

October 2, 2015
Prime Minister General Prayut Chan-o-cha has stated that Thailandís approach to development takes inspiration from His Majesty the Kingís Philosophy of Sufficiency Economy.
The Prime Minister highlighted this philosophy in his statement at the 70th Session of the United Nations General Assembly in New York on 29 September 2015.
He said that Thailandís socio-economic success over the past three decades, its ascension to the rank of middle-income country, and its current status as an equal partner for development, owe a great deal to His Majesty the Kingís Philosophy of Sufficiency Economy. Fondly known as the \"Development King,Ē His Majesty has been working tirelessly for over half a century to raise the livelihood of his people.
The Prime Minister explained that Sufficiency Economy espouses moderation, prudence, and resilience. It inspires people to be moral, wise, and self-reliant and to live modestly and in harmony with society and nature. This people-centered development is indeed consonant with the United Nationsí sustainable development agenda.
The Philosophy of Sufficiency Economy has been recognized internationally. In 2006, His Majesty the King was awarded the UNDP Human Development Lifetime Achievement Award as a tribute to his tireless efforts to raise the quality of life and welfare of his people and for his countryís development.
Prime Minister Prayut said that, based on the Sufficiency Economy concept, his government has set a vision to make the country stable, prosperous, and sustainable. The objectives are to reduce disparities and promote the rule of law and good governance. Emphasis is also placed on fostering national unity, enhancing economic connectivity with neighboring countries, and pursuing development that would not impose negative impacts on future generations.
Thailand is currently undertaking comprehensive reforms to make the country stronger. It is hoped that in the process, the reforms will help the country to achieve stability, prosperity, sustainability, and pave the way toward a resilient democracy. Some of the major reforms include amending laws and strengthening the justice system; improving public sector efficiency; creating trust, social reconciliation and unity; and harmonizing social order.
The Prime Minister stated that Thailand attaches importance to building a culture of peace. It has actively participated in the international efforts to address global challenges. Thailand has, therefore, decided to run for a non-permanent seat on the United Nations Security Council for the term 2017-2018.
 He said that Thailand believes that it can play a constructive role in bridging different cultures and beliefs. In undertaking this important responsibility, Thailand hopes to be able to promote good understanding and enhance international cooperation to achieve the common goals of the United Nations.

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