Welcome to the InfoSci Platform
Sufficiency Economy as an Alter-Globalist Concept for Modern Reformations: The Case of Thailand

Sufficiency Economy as an Alter-Globalist Concept for Modern Reformations: The Case of Thailand

Denis Ushakov, Pratheep Wajeetongratana
Copyright: © 2018 |Pages: 20
ISBN13: 9781522538561|ISBN10: 1522538569|EISBN13: 9781522538578
DOI: 10.4018/978-1-5225-3856-1.ch005
Cite Chapter Cite Chapter

MLA

Ushakov, Denis, and Pratheep Wajeetongratana. "Sufficiency Economy as an Alter-Globalist Concept for Modern Reformations: The Case of Thailand." Economic Reforms for Global Competitiveness, edited by Denis Ushakov, IGI Global, 2018, pp. 79-98. https://doi.org/10.4018/978-1-5225-3856-1.ch005

APA

Ushakov, D. & Wajeetongratana, P. (2018). Sufficiency Economy as an Alter-Globalist Concept for Modern Reformations: The Case of Thailand. In D. Ushakov (Ed.), Economic Reforms for Global Competitiveness (pp. 79-98). IGI Global. https://doi.org/10.4018/978-1-5225-3856-1.ch005

Chicago

Ushakov, Denis, and Pratheep Wajeetongratana. "Sufficiency Economy as an Alter-Globalist Concept for Modern Reformations: The Case of Thailand." In Economic Reforms for Global Competitiveness, edited by Denis Ushakov, 79-98. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-3856-1.ch005

Export Reference

Mendeley
Favorite

Abstract

Contemporary dynamics of capitalistic relations' development has made world economy a complicated and intricate system of national economies, transnational production & distribution constructs, international economic organizations etc. Within its framework competencies of governments and of corporate top managers, directors of supranational unions and of local consumers, business owners and employees are intercrossing and overlapping, resonating and counteracting. The article analyzes the key bottlenecks and problems of globalization as a social progress concept along with the accompanying social and economic problems provoked by liberalization. The potential of sufficiency economy is analyzed as an alternative to the globalist approach. Potential prospects of sufficient economy principles' implementation are assessed. These principles have been suggested by His Majesty King of Thailand Bhumipol Adulyadej as the key values and strategic guidelines for nation's development. The related conditions and requirements for their implementation in the economic policies of todays' governments worldwide are discussed.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.