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Journal of International Buddhist Studies
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ZENODO
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Article . 2025
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Interdependent Causes of the Tom Yum Kung Crisis: A Paticcasamuppāda Perspective

Authors: Bukkavesa, Kanix; Frutos-Bencze, Dinorah; Makcharoen, Pairor;

Interdependent Causes of the Tom Yum Kung Crisis: A Paticcasamuppāda Perspective

Abstract

This study explores the application of the Buddhist principle of Paticcasamuppāda (Dependent Origination) in analyzing the 1997 Asian Financial Crisis, commonly known as the "Tom Yum Kung" crisis. This crisis, marked by financial liberalization, speculative investments, and inadequate risk management, demonstrated the systemic vulnerabilities within Thailand’s economic structure. Through the lens of Paticcasamuppāda, this crisis can be understood as a chain reaction where economic decisions and external pressures accumulated into a major collapse. Key factors include ignorance (Avijjā) of financial risks, misguided policy actions (Saṅkhāra), and the persistence of a fragile financial system (Bhava). By adopting this Buddhist perspective, the study highlights the importance of mindful economic planning and sustainable governance. In addition, the study advocates for integrating awareness of interdependence and impermanence into economic strategies, fostering resilience in a globalized financial environment.

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Keywords

Buddhist Economics, financial liberalization, Paticcasamuppāda, tom yum kung crisis, Economic Vulnerability, paticcasamuppāda, Buddhism, buddhist economics, BQ1-9800, Tom Yum Kung Crisis, economic vulnerability, Financial Liberalization

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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