Trade, Development, and the Broken Promise of Interdependence: A Buddhist Reflection on the Possibility of Post-Market Economics

In: Proceedings of the First International Conference on Operationalization of Gross National Happiness. Thimphu, Centre for Bhutan Studies 2004, pp. 51-76 . ISBN 99936-14-22-X

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Abstract

Bhutan's stated intention of keeping the value of happiness central to the development process is a suitable counter to the values and karma that prevail in most development strategies and ideals. Given present day realities of unprecedented, accelerating changes and paradigmatic shifts in economic, political, and social practices, any successful strategy for integration into global development processes must be creative in nature. It must, in other words, consist of an ongoing improvisation that is at once virtuosic and virtuous and that brings both greater resolution and resolve into the development process. In this essay the author wants to contribute to this effort by considering the broad landscape of development and trade concepts and practices and their implications for the trajectory of innovations needed to insure that development processes and greater economic interdependence are, indeed, liberating. The auhtor starts by reflecting on the context of present day patterns of development, raising some issues related to history and scale in assessing the effects of increasing global interdependence. He suggestes that present day patterns and scales of globalization have both generated and been generated by the extremely rapid and practically irreversible commodification of subsistence needs—a commodification that (paraphrasing Ivan Illich) has the effect of institutionalizing entirely new classes of the poor. Beyond a critical threshold and unless redirected—that is, informed by radically different values—present day patterns of interdependence will continue bringing about the conversion of communities that have been faring well into aggregates of individuals in need of welfare. Unchecked, the promise of globally extended, deep community will be broken.