Buddhist Economics and Thailand’s Development A Sustainable Approach
Keywords:
Buddhist, Economics, Thailand, SustainableAbstract
Buddhist economics presents an alternative economic model rooted in ethical values, sustainability, and human well-being, contrasting with materialistic and consumption-driven capitalist systems. This paper examines the principles of Buddhist economics and their relevance to Thailand’s economic development. By integrating Buddhist principles such as right livelihood (sammā-ājīva) and sufficiency economy philosophy (SEP), Thailand can foster sustainable development that balances economic growth with social harmony and environmental preservation.
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