The economic crisis in 1997 made Thai citizens from every region, both the public and private sectors, aware of the vulnerability of the country's economic foundation and the problems of heavy reliance on foreign investment, technology, and markets. This led to serious attention being given to the study and analysis of His Majesty's address on the topic of "Sufficiency Economy".
With the main duty of formulating the National Economic and Social Development Plans as well as coordinating the country's development at policy level, the National Economic and Social Development Board (NESDB) considered it most appropriate to use the royal philosophy of "Sufficiency Economy" as a guideline for determining policy, planning and formulating the implementation plan at all levels. This will create a correct and uniform understanding among all the parties concerned, as well as serve as a guideline to help Thai people earn a good living and the country in overcoming the economic crisis. As a result, after a review and evaluation of His Majesty's addresses on Sufficiency Economy as well as other related topics, the NESDB sought His Majesty's consideration and his Royal permission for further reference.
His Majesty the King graciously edited and conferred his comments on the subject of "Philosophy of the Sufficiency Economy" as follows
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