Using the Philosophy of Sufficiency Economy (PSE) in high school agricultural teaching in Northeastern (Isan) Thailand

Poungsuk, Pakkapong; Pourpan, Nawarat; Thongsuk, Phaitoon

doi:10.29139/aijss.20160106

Cited by 1 publication

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“…The Philosophy of Sufficiency Economy was firstly introduced by His Majesty the King Bhumibol Adulyadej of Thailand in 1974 based on his extensive and accumulated experiences in Thailand's rural development (Chaipattana 2017;Poungsuk, Pourpan and Thongsuk 2016). This philosophy was conceptualized to reinforce a balanced way of living, as well as to hinder overconsumption which extensively occurs in today's modern society (Dayley 2011;Jairak, Praneetpolgrang and Subsermsri 2015;Mongsawad 2010;Poungsuk, Pourpan and Thongsuk 2016).…”

Section: The Concept Of Philosophy Of Sufficiency Economymentioning

confidence: 99%

The Introduction of the Philosophy of Sufficiency Economy and Its Application to Consumer Context

Heingraj¹,

Amornpan²

2019

MGDR

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Thailand was one of the potential causes of the 1997 East Asian economic recession due to its lack of readiness in dealing with globalization. In fact, globalization can generate double-edged effects on a country's economic condition. While it can mitigate global inequality and poverty, it can also be considered as the determinant of trade imbalances, income inequality, and deterioration of natural resources. In order to enhance a balanced and sustainable development at society and country level, we believe that the well-being of each individual should be taken into consideration. This article introduces the concept of Philosophy of Sufficiency Economy (PSE) which highlights foundation building, enhancing immunities, and resilience in a globalized and modernized economic condition with the objectives of generating self-realization and resilient and sustainable development. Moreover, PSE consists of three intertwined concepts that are moderation, reasonableness, and self-immunity, together with two basic conditions, which are knowledge and morality. This concept of PSE can offer individuals a moderate "way of life," as well as an ability to protect and defend themselves from any unfavorable factors associated with the rapid changing economic conditions.

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