3/16/2019

SUFFICIENCY [2] ECONOMICS


FULL SUFFICIENCY is impossible. There is a good deal interdependence required in the globalization era; we also have to conform to the world.

ANY discussion on the sufficiency thinking and the sufficiency economy takes us to the areas of attitudes and behaviours and the socio-cultural setting.

We need to change attitudes and behaviours for a way forward. But it is not so easy a task.

The people in general, the civil servants, the parliaments, the judges and all others concerned with delivering justice and services have to be moderate in their thinking and action.

They should be fully conscious that the decisions they make have consequences that could make and mar the lives of the people.

Sufficiency economy involves outputs and outcomes. The sufficiency economy obviously embraces the sufficient mindset  and sufficiency action principles, but it is more than that.

Here we talk of a set of national values, principles, systems and institutions, that provide the economic, environmental, social and cultural framework and conditions that allow and ensure that ''sufficiency'' is within reach of all.

The sufficiency economy is characterized by self-reliance, resilience, and immunity.

Human resources ultimately determine the quality and quantity of delivery and that it means in the context of the future of the nation and its people and institutions.

To achieve the Sufficiency economy philosophy outcomes is challenging, because the required attitudes, decisions and actions do not emerge in a vacuum, but rather occur in a highly complex and often conflicting conditions.

The array of external and internal influences  can obscure or distort knowledge, particularly when making decisions.

At the personal level, influences include a a person's situation [for example, hierarchical status, peer relationship with others], age personal goals, motivation, self-esteem, and health.

At a group level, internal influences can include its group's  structure, norms, traditions, and culture.

For an enterprise, internal influences include the business model, vision, strategy, work practices, and leader relationships.

External influences on individuals and groups include the availability of tangible and intangible resources, laws and rules, market conditions, local knowledge and the prevailing culture and leadership

The honor and serving of the latest operational research on economy and self-sufficiency continues.

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