Sufficiency Economy

His Majesty has firstly introduced the Sufficiency Economy Theory after handed out academic certificates to Kasetsart University students on July 19,1974. His statement on that day was as follows: \\\'Priorities are necessary for country\\\'s development starting from constructing a foundation, which means when people can adequately live their lives in a careful and economize but theoretically educated ways. When the foundation is secure enough then a higher unity could be orderly built. The reason why growth should be promoted gradually, carefully and economically is to prevent improper results so that a full accomplishment is obtained.