GLOBALIZATION
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APPLIED BUDDHISM AND
GLOBALIZATION
Abstract
on economic growth and liberalization of trade and finance. Globalization leads to the
cultures and disrupt traditional relationships in a society with the assumption that free
Modern Buddhism has become an intrinsic part of a globalized world. With its
philosophy of the way of life, it takes special place in human and cultural identity.
Buddhism in modern times had already incorporated either other genuine Asian
traditions or Western traditions and merged with the socio-cultural backgrounds of many
countries across the world. Buddhism stresses the principle of interdependence which is
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APPLIED BUDDHISM AND
GLOBALIZATION
Introduction
The issue of globalization is directly or indirectly affecting all our lives. Globalization
undermine local cultures and disrupt traditional relationships in a society with the
assumption that free trade will also lead to the formation of a more democratic society.
Unfortunately, the effects of the globalization of business and trade are often disastrous
for underdeveloped nations. These nations provide the raw materials and cheap labor
which are necessary to make globalization prosperous for the more developed nations.
Though there are successes in the process of globalization, there is much unrest in the
poor and underdeveloped nations which are deep in debt and suffer internal conflict,
world faith. Buddhism in modern times had already incorporated either other genuine
Asian traditions or Western traditions and merged with the socio-cultural backgrounds of
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many countries across the world. Buddhism stresses the principle of interdependence
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A Buddhist Perception of Globalization
The Buddha emphasized that we all have both unwholesome and unwholesome traits
(kusala / akusalamula). The important issue is the practical matter of how to reduce our
unwholesome characteristics and develop the more wholesome ones. This process is
symbolized by the lotus flower. Although rooted in the mud and muck at the bottom of a
pond, the lotus grows upwards to bloom on the surface, thus representing our potential
"three poisons" or three roots of evil: lobha - greed, dosa - anger and moha - delusion.
The goal of the Buddhist way of life is to eliminate these roots by transforming them into
their positive counterparts: greed into generosity (Dāna), anger into loving-kindness
on economic growth and liberalization of trade and finance. This results in the
unrestricted flow of global trade and investment. The mainstream approach is generally
rooted in the underlying assumption that globalization brings jobs, technology, income
and wealth to societies. In order to make this strategy of globalization successful, all the
societies must be willing to submit to the principles of the free market—limiting public
strengthening export production and controlling inflation. However, this is very difficult
task to achieve within a short span of time. As a result, most often, globalized
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production has led to a litany of social and ecological crises: poverty and powerlessness
unendurable pollution.1,2,3
Our obsession with economic growth seems natural to us because we have forgotten
the hierarchy of "needs" that we often take for granted. We project our own values when
we assume that a person must be unhappy by presuming that the only way to become
Buddhism. This is expressed better in a Tibetan Buddhist analogy. The world is full of
thorns and sharp stones (and now broken glass too). What should we do about this?
One solution is to pave over the entire earth, but a simpler alternative is to wear shoes.
"Paving the whole planet" is a good metaphor for how our collective technological and
we will not be satisfied even when we have used up all the earth's resources. The other
solution is for our minds to learn how to "wear shoes," so that our collective ends
From a religious perspective, when things become treated as commodities they lose
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between humans and the rest of the world. All value is created by our goals and
desires. The rest of the world has no meaning or value except when it serves our
purposes. This now seems quite natural to us, because we have been conditioned to
think and live this way. For Buddhism, however, such a dualistic understanding is
delusive. The world is a web; nothing has any reality of its own apart from that web,
challenges our usual sense of separation from the world. The feeling that ‘I am here and
the world is out there’, is at the root of our Dukkha and it alienates us from the world
where we live. This non-dual interdependence of things was experienced by the Buddha
when he became enlightened. The Buddhist path works by helping us to realize our
interdependence and non-duality with the world and to live in harmony with it.3,4,5,6
Conclusion
Modern Buddhism has become an intrinsic part of a globalized world. With its
philosophy of the way of life, it takes special place in human and cultural identity. Some
scholars recommend ‘Post-Buddhism’ as a proper term for the new infusion of ideas
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References
1. Quang, T.T. 2009. Buddhism and Globalization. Bliss and Growth. Blag Biz.
3. Payutto, P.A. 1994. Buddhist Economics: A Middle Way for the Market Place.
Buddhadhamma Foundation.
4. Sizemore, R.F., Swearer, D.K., ed. 1990. Ethics, Wealth and Salvation: A Study
Carolina.
5. Hodge, H.N. 2009. Buddhism in the Global Economy. Berkeley, US: ISEC.
6. David R. Loy, "The Religion of the Market" in Visions of a New Earth: Religious
and Dan Maguire (Albany, New York: State University of New York Press, 1999.