Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 30135
Sufficiency Economy: A Contribution to Economic Development

Authors: Prasopchoke Mongsawad

Abstract:

The Philosophy of Sufficiency Economy, bestowed by His Majesty the King Bhumibol Adulyadej to the people of Thailand, highlights a balanced way of living. Three principles of moderation reasonableness, and immunity, along with the conditions for morality and knowledge, can be applied to any level of the society–from an individual to the nation. The Philosophy of Sufficiency Economy helps address the current development challenges, which are issues on institutions, environmental sustainability, human well-being, and the role of the government.

Keywords: Sufficiency Economy, Development Theory, Sustainable Development, Environmental Sustainability, Social Capital, Human Well-Being,

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1076452

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 2153

References:


[1] N. Thongpakde, "Thailand-s Economic Development and the Philosophy of Sufficiency Economy," Unpublished.
[2] J. Stiglitz and S. Yusuf, "Development Issues," in Frontiers of Development Economics, G. Meier and J. Stiglitz, Ed. New York: the World Bank and Oxford University Press, 2001, pp. 227-268.
[3] P. Bardhan, "Distributive Conflicts, Collective Action, and Institutional Economics," in Frontiers of Development Economics, G. Meier and J. Stiglitz, Ed. New York: the World Bank and Oxford University Press, 2001, pp. 269-290.
[4] G. M. Meier, "The Old Generation of Development Economists and the New," in Frontiers of Development Economics, G. Meier and J. Stiglitz, Ed. New York: the World Bank and Oxford University Press, 2001, pp. 1-50.
[5] P. Collier, "Social Capital and Poverty," Social Capital Initiative Working Paper 4., 1998, World Bank, Social Development Department, Washington, D.C.
[6] D. Narayan, Bonds and Bridges: Social Capital and Poverty, Poverty Group, World Bank, July 1999.
[7] S. Iyer, M. Kitson, and B. Toh, "Social Capital, Economic Growth and Regional Development," Regional Studies, vol. 39.8, pp. 1015-1040, 2005.
[8] S. Knack, and P. Keefer, "Does Social Capital Have an Economic Payoff? A Cross- Country Investigation," Quarterly Journal of Economics, vol. 111, pp. 1251-1288, 1997.
[9] P. Whiteley, "Economic Growth and Social Capital," Political Studies, vol. 48, pp. 443-466, 2000.
[10] P. Dasgupta, "Economics of Social Capital," The Economic Record, vol. 81, no. 255, pp. s2-s21, 2005.
[11] Sufficiency Economy Community: the Case Study, Bangkok.Sufficiency Economy Sub-Commission under the National Economic and Social Development Board (NESDB),2006. (in Thai)
[12] J. Stiglitz, "Good Numbers Gone Bad," Fortune, October 2, 2006, p.30.
[13] Emerging Asia: Changes and Challenges, ADB 1997, Manila.
[14] J. Bojo, "The Cost of Land Degradation in Sub-Saharan Africa," Ecological Economics, vol. 16(2), pp. 161-173, 1996.
[15] V. Thomas, M. Dailami, , A. Dhareshwar, D. Kaufmann, N. Kishor, R. Lopez, and Y. Wang, The Quality of Growth, Oxford University Press, New York., 2000.
[16] R. Naidoo, "Economic Growth and Liquidation of Natural Capital: The Case of Forest Clearance," Land Economics, vol. 80(2), pp. 194-208, 2004.
[17] V. Thomas, "Revisiting the Challenge of Development," in Frontiers of Development Economics, G. Meier and J. Stiglitz, Ed. New York: the World Bank and Oxford University Press, 2001, pp. 149-177.
[18] B. Giddings, B. Hopwood, and G. O-Brian, "Environment, Economy and Society: Fitting Them Together to Sustainable Development," Sustainable Development, vol.10, pp. 187-196, 2002.
[19] Thailand Human Development Report 2007: Sufficiency Economy and Human Development, UNPD 2007, Bangkok.
[20] A. El-Ghannam, "The Determinants of Social Well-being, Economic Development, and evelopment Index in the Third World Countries," Perspectives on Global Development and Technology, vol. 1, pp. 51- 69, 2002.