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Buddhism

Buddhism is a nontheistic religious movement that follows the teachings of Siddhartha Gautama. The king of Thailand has used the key Buddhist principles of moderation and balance to propose that the country develop a “sufficiency economy.” The social scientist Supaporn Chalapati describes this Buddhist economic system as “highlighting the Buddhist concept of the middle path as a way to conduct the life of the individual, family, community and the nation” (p. 3). And Chalapati cites the 2006 National Economic and Social Development Board report that calls for the

choice of a balanced developmental strategy for the nation so as to be able to modernize in line with the forces of globalization while shielding against inevitable shocks and excesses that arises. Sufficiency means moderation and due consideration ...

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