Pros and Cons of Economic Management in Buddhist Colleges: A Systematic Literature Review

Abstract

This study aims to identify and analyze the pros and cons of implementing economic management at Buddhist Colleges through the Systematic Literature Review (SLR) method. The study was conducted to explore relevant articles, institutional reports, and previous research in the context of resource management, funding, and governance of religious-based higher education institutions. The systematic review was conducted using the PRISMA method, evaluating articles published between 2020 and 2024. Specifically, the methodology used in this investigation was meta-synthesis as a qualitative review, specifically by analyzing 10 journals relevant to the research topic. The review results indicate that the implementation of effective economic management provides several societal benefits, including increased budget efficiency, transparency in financial management, and the institution's ability to develop academic programs sustainably. However, several challenges also arise, such as; some Buddhists are in favor of limited funding sources, and some are against the modernization of the managerial system, and the potential conflict between religious values and market-based management practices. Thus, the findings suggest that some support the importance of balanced, uncontrolled, and contextual economic growth, while others oppose it, focusing on economics, technology, and the interdependence of different societies. Further research is recommended to explore more integrative economic management models that can be implemented in new ways and improve community well-being