The problems of economy shrink caused interruption in household incomes and consumption growth, obviously such as COVID 19 pandemic has affected all sectors of society, especially in businesses that have been significantly affected. People are unemployed, there are more and more factory levels, or companies are increasingly closing and household debt arise which exacerbated the poverty situation, therefore, most of workers have moved back to the countryside to find ways to survive this crisis. Fortunately, Thailand, His Majesty King Rama 9 had graciously given the Thai people with the frameworks of thought, planning and practicing which definitely become the most provocative and meaningful answer to the threats that Thailand and countries around the world have been facing i.e. the ability to cope with shocks from internal and external changes.
Astonishingly, Sufficiency Economy Philosophy (SEP) is an approach for sustainable development which espouses Moderation, Reasonableness and Self-immunity as development framework while two underlying conditions necessary to achieve Sufficiency are Knowledge and Morality. SEP principles are aligned with the principles and objectives of SDGs, seeking to eradicate poverty and reduce inequality as a means to achieve sustainable development. Applications of Sufficiency Economy Philosophy certainly have proved for poverty eradication and food security which is able to lead to sustainable economic growth and sustainable consumption and production. The philosophy greatly attaches to human development at all levels and emphasizes to strengthen community’s capacity to ensure a balanced way of life and resilience. It is a philosophy of living a balanced life and shows the way of life of individuals, households, communities, organizations and the nation. Because it is a developmental factor that starts with humans, as well as, makes benefit to humans. Certainly, when man has been developed will affect development in other areas to be more pronounced. It can be said that all level of success in the development must begin with the potential and self-reliance of the existing capital balance. The major component is making money, having stable career development, creating a culture of harmony, and caring for one another. The use of group power in a creative way is beneficial to mobilization of local resources for forest and environment conservation as well to be sustainable production bases.
The answer of course is self-sufficiency, as a nation, as a province, as a community and as a household. Certainly, SEP concept is enshrined and mirrored similar efforts found throughout the world to break the back of the oppression and exploitation that results from dependence on the globalist system.
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