How would you generalize the Concept of Theravada Buddhism?

PEOPLE'S VALUES AND BEHAVIORS ARE GENERALLY CONSIDERED TO BE IMPORTANT FACTORS AFFECTING SOCIETY'S ECONOMIC AND SOCIAL DEVELOPMENT. THESE VALUES AND BEHAVIORS ARE, IN TURN, THOUGHT TO BE INFLUENCED BY CERTAIN RELIGIOUS CONCEPTS AND VALUES.

THERAVADA BUDDHISM, AS THE RELIGION OF MORE THAN 80% OF THE THAI POPULATION, THEREFORE IS ASSUMED TO HAVE A SIGNIFICANT EFFECT. SUCH AN EFFECT IS SAID TO HAVE MORE OF A NEGATIVE THAN POSITIVE IMPACT ON THE NATION'S ECONOMIC DEVELOPMENT.

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Explanation:

Theravada rests on core Buddhist teachings including the four noble truths and eightfold path to enlightenment, the three jewels (Buddha, dharma, and sangha), and concepts such as impermanence, non-self, karma, rebirth, and dependent origination (the co-arising of phenomena), along with ethical precepts and the meditation practices of samatha (calm abiding) and vipassana (insight).

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