Train Human Resources with Buddhist Teachings for Sustainable Economic Development

Abstract

Sri Lanka is currently facing a profound economic crisis rooted in internal issues such as management inefficiencies, attitudes, and political interventions. This study aims to explore the integration of Buddhist teachings on economic management to address these challenges and foster sustainable development. Utilizing a qualitative approach, the research analyzes the Buddhist Pali canon alongside contemporary economic theories. The findings emphasize the relevance of Buddhist principles in tackling poverty, economic mismanagement, and social issues. Key teachings from Buddhist scriptures such as the Kūṭadanta sutta and Sigalovada Sutta offer frameworks for eradicating poverty, achieving full employment, and ensuring the basic needs of the population. The study also highlights the importance of ethical governance as discussed in the Mahaparinibbana Sutta and Cakkavattisihanada Sutta, suggesting that transparency, accountability, and compassion are crucial for economic stability. Additionally, Buddhist concepts of contentment and mindful consumption, as articulated in the Dhammapada, provide insights into sustainable resource use and environmental conservation. The integration of these teachings into education and professional training can cultivate values of mindfulness, ethical conduct, and social responsibility. The practical application of Buddhist teachings in economic policies, community initiatives, and fair trade practices can enhance social harmony and reduce economic disparities. Despite potential challenges such as cultural shifts and policy implementation, the study concludes that Buddhist teachings offer a holistic approach to addressing Sri Lanka's economic crisis and achieving sustainable development. By applying these principles, Sri Lanka can create a more equitable and prosperous society that values both material and spiritual well-being.