Introducing the Sufficiency Economy Philosophy to Youth

26 Jul 2023
By Swissa Pradhan, SasinSEC intern from Nepal and iMBA student at Panyapiwat Institute of Management In early June this year the Prime Minister’s Office sponsored a week-long multi-city experiential introduction to the Sufficiency Economy Philosophy for a large group of young students from throughout Southeast Asia in Thailand. IYSEP 2023, as the introduction was named, honored the memory and legacy of His Majesty King Bhumibol Adulyadej The Great. Attendees learned about the Sufficiency Economy Philosophy which was developed by King Bhumibol beginning in the last century. It is especially relevant today due to its emphasis on sustainable development, self-reliance, social equity, environmental stewardship, ethical values, cultural preservation, and global relevance. Through this program I learned how the theoretical concepts of the Sufficiency Economy Philosophy align with the United Nations Sustainable Development Goals (SDGs). We visited Royal initiative projects such as the Huay Sai Royal Development, the Hup Kapong Project, the Sirindhorn International Environmental Park and more, all living demonstrations of balance and moderation. Economic, social, and environmental efforts together promote long-term resilience and the well-being of all stakeholders. We also learned that the Sufficiency Economy Philosophy revolves around the damiliar principle of people, planet, and profit. It emphasizes the wellbeing of individuals and communities (people), the preservation and sustainable use of natural resources (planet), and the pursuit of economic prosperity (profit) within social and environmental limitations. By prioritizing these three mainstays, the Sufficiency Economy Philosophy promotes a holistic and balanced approach to development. People from China, Bhutan, Indonesia, Philippines, Laos, and Cambodia all came together to learn. This interaction resulted in lasting connections and a potential future cooperation network. By exchanging ideas, sharing experiences, and building relationships, the youth representatives were able to lay a foundation for the needed work on sustainable development efforts. SasinSEC representatives joined this Conference hoping to help stir the passion of the current generation of students, especially those who have yet to make career choices. Note: This conference occurs annually. Please see this clip for more details.  
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