Monday, October 26, 2020

King Rama IX’s ‘sufficiency economy’ works in practice, study finds

Dec 06. 2018
Somchai Jitsuchon
Somchai Jitsuchon
Facebook Twitter


AN ACADEMIC study has shown that implementing the “sufficiency economy” philosophy advocated by King Rama IX results in economic and social benefits, Thailand Development Research Institute (TDRI) research director Somchai Jitsuchon said. 

Somchai, who led the research team, presented their findings at a seminar titled “Sustainability Community Indicators” (SCI) yesterday. 

This is the fist time that economists have studied whether the late King’s advice leads to improving the standard of living of those who put it into practice. The concept has been discussed for decades, but Somchai created the so-called “Sustainability Community Indicators” to find and measure supporting evidence. 

He developed 15 indicators for calibrating the implementation of the philosophy – moderation, perseverance, prudence, honesty, reasonableness, knowledge, self-reliance, resilience, sharing, public mind, social coherence, leadership, explosion from within, environment projection and community innovation. Somchai calls the combined index “SCI-S4S – sufficiency for sustainability”. 

Somchai said he tried to reduce bias as he designed questions to ask 70,000 families across the country. “If people know they are being asked about King Rama IX’s sufficiency economy, they might only say good things because they loved and respected him,” he explained. 

So, he decided not to use the words “sufficiency” or “moderation” in the questions presented to respondents.

The study learned that people in the Northeast have adopted sustainability practices to a considerable extent in their lives, getting the highest score at 65, followed by those in the North with scores of 64.5 and people living outside municipal areas at 62.4. 

The study also looked at changes in people’s behaviour and the outcome in terms of economic and social gains. 

Somchai also developed outcome indicators comprising happiness, poverty-free, health, education, employment, sufficient expenditure, sufficient income, living conditions, assets, environment capital, equality and social capital. He called it the “SCI-OC-outcome”. 

The relationship between implementation and results, however, was not so straightforward. For example, those in the Northeast got only 61.8 in the SCI-OC scores, while those in the North reach 62.8, and Bangkokians got the highest score at 68.6. Somchai says that many factors are involved in the outcome indicators, including the development of better infrastructure in Bangkok, which has led to a better living standard. 

“Overall, the implementation of sufficiency economy has resulted in improvements in many dimensions of development,” he concluded. 

The study found that those who had changed their behaviour in line with the philosophy experienced an increase in income and assets, better living conditions, employment, better education, better health, a reduction in poverty and increased happiness. 

He said that the National Economic and Social Development Board can use his study to advise the government about development projects for specific locations. 

“The SCI can also be used to show the rest of the world that the sufficiency model does work, and it’s not just a matter of faith,” Somchai said. 

However, he does not expect the SCI to become a mainstream gauge of sustainable development, though he hopes it will be embraced as an alternative measure, similar to the Gross National Happiness index adopted by Bhutan.

The sufficiency economy is in line with the “means of implementation and financing for development” approach under the United Nations’ Sustainable Development Goals, he noted. 


Facebook Twitter
More in Business
Editor’s Picks
Top News