Global Commerce Through the Lens of 'Vasudhaiva Kutumbakam': A Philosophical Exploration

This research examines the application of the ancient Indian philosophy of ‘Vasudhaiva Kutumbakam’ (the world is one family) in global commerce. It explores how this inclusive worldview can influence modern business practices, promote sustainability, and foster international cooperation. Through a literature review of historical texts, academic articles, and case studies, the study highlights the impact of integrating these principles into global trade. Key findings indicate that ‘Vasudhaiva Kutumbakam’ can enhance ethical sourcing, equitable growth, and environmental sustainability. Case studies reveal its successful application across sectors, yielding benefits such as improved stakeholder relations and long-term economic stability. The research suggests that adopting this philosophy can create a framework for harmonious and sustainable economic practices, aiding businesses and policymakers in fostering an inclusive and ethical global economy. By linking ancient wisdom to contemporary challenges, the study contributes to the discourse on ethical globalisation and sustainability.

Authors

Publication Details

Journal
FOCUS Journal of International Business
Published
2025-04-20
DOI
https://doi.org/10.17492/jpi.focus.v12i1.1212502
Primary Topic
Eurasian Exchange Networks
Type
article
Field-Weighted Citation Impact
0.00
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article

Global Commerce Through the Lens of 'Vasudhaiva Kutumbakam': A Philosophical Exploration

Siddharth Chandel, Kulbhushan Chandel, Vikas Kumar
FOCUS Journal of International Business
Eurasian Exchange Networks
article

Global Commerce Through the Lens of 'Vasudhaiva Kutumbakam': A Philosophical Exploration

Siddharth Chandel, Kulbhushan Chandel, Vikas Kumar
article en

Abstract

This research examines the application of the ancient Indian philosophy of ‘Vasudhaiva Kutumbakam’ (the world is one family) in global commerce. It explores how this inclusive worldview can influence modern business practices, promote sustainability, and foster international cooperation. Through a literature review of historical texts, academic articles, and case studies, the study highlights the impact of integrating these principles into global trade. Key findings indicate that ‘Vasudhaiva Kutumbakam’ can enhance ethical sourcing, equitable growth, and environmental sustainability. Case studies reveal its successful application across sectors, yielding benefits such as improved stakeholder relations and long-term economic stability. The research suggests that adopting this philosophy can create a framework for harmonious and sustainable economic practices, aiding businesses and policymakers in fostering an inclusive and ethical global economy. By linking ancient wisdom to contemporary challenges, the study contributes to the discourse on ethical globalisation and sustainability.

FOCUS Journal of International BusinessVol. 12(1)
Openalex Percentile: Top 89%
Eurasian Exchange Networks
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