East Asian Journal of Business Economics (EAJBE) (동아시아경상학회지)

East Asia Business Economics Association (동아시아경상학회)
권호 표지
DOI QR코드

DOI QR Code

The Perspective of the Oriental Philosophy and its Relationship with Economic Prosperity

  • Namim NA (Department of Korean Culture, Wonkwang University)
  • Received : 2023.11.30
  • Accepted : 2023.12.27
  • Published : 2023.12.30
Download PDF
⟨ Previous Next ⟩

Abstract

Purpose - Investigating the connection between 'Oriental philosophy' and financial success is an adventure into the world of old knowledge and its applicability to the modern era. Thus, the current study aims to find ways to approach economic growth in a more inclusive, sustainable, and comprehensive way if we can sort out the complex webs that bind these two fields. Research design, data, and methodology - The main component of the current study is a thorough literature investigation in the current major database that gathers information from fifteen significant research articles. Numerous disciplines, including political science, economics, philosophy, and cultural studies, are represented among the selected papers. Result: The finding section provides a comprehensive knowledge of how concepts of oriental philosophy intersect with and have the capacity to revolutionize economic systems by delving into the subtle insights gleaned from the literature survey, case studies, and comparative analyses. Conclusion - The study concludes that oriental philosophies' emphasis on social harmony and community welfare points to the necessity of policies beyond only looking at financial data. Practitioners can use the study's conclusions to guide the creation of inclusive policies that put the welfare of all people first, deal with social injustices, and advance environmental sustainability.

Keywords

References

  1. Ahyani, H., & Slamet, M. (2021). Building the values of Rahmatan Lil'Alamin for Indonesian economic development at 4.0 era from the perspective of philosophy and islamic economic law. Al-Ihkam: Jurnal Hukum & Pranata Sosial, 16(1), 111-136.
  2. Bagirov, R. H. O. (2022). Reflection of the worldview of the classics of oriental poetry in the work of Russian poets. Universidad y Sociedad, 14(2), 46-50.
  3. Bergeron, D. (2020). Philosophy and Allotment: John Locke's Influence on Henry L. Dawes. Springer.
  4. Bo, W. (2021). Renaissance of Chinese culture and prosperity of the world of arts. Contemporary Social Sciences, 2021(3), 4.
  5. Chiang, L. H. N. (2020). Women in Taiwan: Linking economic prosperity and women's progress. In Women in Asia (pp. 229-246). Routledge.
  6. Clauss, T., Kraus, S., & Jones, P. (2022). Sustainability in family business: Mechanisms, technologies and business models for achieving economic prosperity, environmental quality and social equity. Technological Forecasting and Social Change, 176(March), 121450.
  7. Danilova, E. S. (2021). The concept of basic human values in Oriental and Occidental cultures: linguistic representation. Вопросы теоретической и прикладной лингвистики, 7(2), 4-12. https://doi.org/10.18413/2313-8912-2021-7-2-0-1
  8. Fahlevi, M. (2019). Islamic economy and politics in the view of Muhammad Baqir Sadr. Journal of Research in Business, Economics and Management, 13(2), 2431-2436.
  9. Fernandez-Urbano, R., & Kulic, N. (2020). Requiem for a dream: perceived economic conditions and subjective well-being in times of prosperity and economic crisis. Social indicators research, 151, 793-813. https://doi.org/10.1007/s11205-020-02404-w
  10. Gucha, V. P. (2023). A Biblical Response to Witchcraft and Economic Prosperity in Africa: a case study of the Luo community in Masara area, Migori county, Kenya. Transform: A Journal of Biblical, Theological and Practical Studies in the Wesleyan Tradition, 2(1), 33-50.
  11. Ikhtiyor, A. (2022). The Social and philosophical nature of the idea of peace and the negative consequences of armed conflict. International Journal Of Research In Commerce, IT, Engineering And Social Sciences, 16(5), 36-39.
  12. John, C., Myers, L., & Leacock, Z. (2019). The prosperity gospels of superstardom: Kanye's Philosophy. Journal of Hip Hop Studies, 6(1), 1-47.
  13. Kalam, A. P. J. A., & Rajan, Y. S. (2002). India 2020: A vision for the new millennium. Penguin Books India.
  14. Kang, E. (2022). Qualitative literature approach: the historical driving forces in the South Korean economic growth. The Journal of Koreanology Reviews, 1(1), 27-31.
  15. Kang, E., & Kim, J. H. Secondary literature analysis: the marketing practice to attract potential customers into leisure and sports industry. The Journal of Industrial Distribution & Business, 14(6), 1-8.
  16. Khamdamov, B. K. (2022). Philosophical and ethical ideas of Jalaliddin Rumi. Oriental Journal of Social Sciences, 2(3), 67-72. https://doi.org/10.37547/supsci-ojss-02-03-09
  17. Khan, A. J., & Ahmad, H. R. (2019). Prosperity and instability: an evaluation of legatum prosperity index. In Papers and Proceedings (pp. 407-431).
  18. Khan, S. A. R., Yu, Z., Sharif, A., & Golpira, H. (2020). Determinants of economic growth and environmental sustainability in South Asian Association for Regional Cooperation: evidence from panel ARDL. Environmental Science and Pollution Research, 27, 45675-45687. https://doi.org/10.1007/s11356-020-10410-1
  19. Khanyile, S. B. (2023). Representing prosperity gospel in South African news media: a discursive reading. in commercialisation of religion in South Africa: a pentecostal approach. Cham: Springer Nature Switzerland.
  20. Kudratullayevich, K. R., Abduvaliyevich, M. T., & Karamatilloevich, A. L. (2020). The problem of tolerance in oriental philosophy. JournalNX, 6(7), 130-133.
  21. Kunaifi, A., Rahman, F., & Dwiaryanti, R. (2021). The philosophy and authentication of welfare equalization in the Islamic economy. Islamic Research, 4(2), 54-62. https://doi.org/10.47076/jkpis.v4i2.67
  22. Larson, M. A. (2022). New thought, or a modern religious approach: the philosophy of health, happiness, and prosperity. Open Road Media.
  23. Lee, M. S. A., Floridi, L., & Singh, J. (2021). Formalising trade-offs beyond algorithmic fairness: lessons from ethical philosophy and welfare economics. AI and Ethics, 1(4), 529-544. https://doi.org/10.1007/s43681-021-00067-y
  24. Lima de Miranda, K., & Snower, D. J. (2020). Recoupling economic and social prosperity. Global Perspectives, 1(1), 11867.
  25. Maziarz, M. (2020). The philosophy of causality in economics: Causal inferences and policy proposals. Routledge.
  26. Moenig, U., & Kim, M. (2021). The Japanese and Korean martial arts: in search of a philosophical framework compatible to history. In Indigenous Sports History and Culture in Asia. Routledge.
  27. Nantharath, P., & Kang, E. (2023). Financial inclusion, economic growth, and ASEAN economies: empirical evidence from panel pooled mean group-autoregressive distributed lag. Journal of Namibian Studies: History Politics Culture, 35, 78-99.
  28. Murphy, P. (2019). The political economy of prosperity: successful societies and productive cultures. Routledge.
  29. Nantharath, P., Kang, E. G., & Hwang, H. J. (2016). Investment analysis in the hydroelectric power sector of the Lao People's Democratic Republic (Lao PDR). Journal of Distribution Science, 14(8), 5-8. https://doi.org/10.15722/JDS.14.8.201608.5
  30. Nantharath, P., Marwa, S., Nguyen, L., & Kang, E. (2023). Sustainable development and financial inclusion in sub-saharan africa: empirical evidence from panel vector error correction model (VECM). Journal of Namibian Studies: History Politics Culture, 36, 846-868.
  31. Nasr, S. H. (2020). The meaning and concept of philosophy in Islam. In History of Islamic Philosophy. Routledge.
  32. Nikitenko, V. (2020). Evolution and further development of the real world in the conditions of technological changes in the context of socio-philosophical discourse. Humanities studies, 4(81), 60-73. https://doi.org/10.26661/hst-2020-4-81-04
  33. Noguera-Santaella, J. (2021). Venezuela in the Gordian Knot: lessons for rebuilding democracy and economic prosperity. Cambridge Scholars Publishing.
  34. Phommahaxay, S., Kamnuansipla, P., Draper, J., Nantharath, P., & Kang, E. (2019). Preparedness of Lao People's Democratic Republic to Implement ASEAN Common Visa (ACV). Research in World Economy, 10(3), 419-430. https://doi.org/10.5430/rwe.v10n3p419
  35. Rose, J. (2023). Critical leisure as an alternative politics of prosperity: a political economy approach to the good life. Annals of Leisure Research, 26(4), 493-498. https://doi.org/10.1080/11745398.2021.1938156
  36. Salimov, B. L. (2021). The philosophical role of dialectical categories in human life. Oriental Renaissance: Innovative, educational, natural and social sciences, 1(6), 406-410.
  37. Sandbu, M. (2020). The economics of belonging: A radical plan to win back the left behind and achieve prosperity for all. Princeton University Press.
  38. Scherer, A. G., & Palazzo, G. (2011). The new political role of business in a globalized world: a review of a new perspective on CSR and its implications for the firm, governance, and democracy. Journal of management studies, 48(4), 899-931. https://doi.org/10.1111/j.1467-6486.2010.00950.x
  39. Shabbir, M. S., & Ahmed, H. (2020). Philosophy behind Islamic economics: limited desires and unlimited resources. Global Review of Islamic Economics and Business, 8(2), 123-129. https://doi.org/10.14421/grieb.2020.082-05
  40. Su, Y., Song, J., Lu, Y., Fan, D., & Yang, M. (2023). Economic poverty, common prosperity, and underdog entrepreneurship. Journal of Business Research, 165, 114061.
  41. Tabroni, I., Ahyani, H., & Permana, D. (2021). Philosophical review of materialism and idealism limits of wedding age in Indonesia; study of article 7 paragraph (1) of law 16 of 2019 Jo. law 1 of 1974 concerning marriage. Muttaqien; Indonesian Journal of Multidiciplinary Islamic Studies, 2(1), 1-20. https://doi.org/10.52593/mtq.02.1.01
  42. Ten Brink, T. (2019). China's capitalism: a paradoxical route to economic prosperity. University of Pennsylvania Press.
  43. Tesar, M., Hytten, K., Hoskins, T. K., Rosiek, J., Jackson, A. Y., Hand, M., & Jackson, L. (2022). Philosophy of education in a new key: future of philosophy of education. Educational Philosophy and Theory, 54(8), 1234-1255. https://doi.org/10.1080/00131857.2021.1946792
  44. Ueberweg, F. (2023). History of Philosophy: Vol. 1. BoD-Books on Demand.
  45. Uno, K. (2021). Prosperity. In Theory of Crisis (pp. 52-69). Brill.
  46. Usmanov, N. (2021). The philosophical basis for the formation of spiritual maturity among young people. Oriental Journal of Social Sciences, 1(1), 33-37. https://doi.org/10.37547/supsci-ojss-02-06
  47. von Feigenblatt, O. F., Pardo, P., & Cooper, M. (2021). Sufficiency Economy Philosophy (SEP): Thailand's emic approach to governance and development as evidence of an Asian-value oriented inclusive leadership management philosophy. Journal of Asia Pacific Studies, 6(2), 289=300.