Download or read book The Muslim Economic Trap written by Carol M. Fuller and published by Beavers Pond Press. This book was released on 2008 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Profoundly shocked after 9/11, I knew the world would never again be the same. To keep my balance I sought understanding. I attended a Christian-Muslim Dialogue group in my metropolitan area and was very impressed with the intelligence and goodness of its participants. But I did not find clear answers to my questions there. Not having advanced academic degrees, I began to read a great variety of books and articles. Some experts wrote that terrorism arose out of poverty and political weaknesses that infuriated many Muslims, and led a few of them - quoting verses of the Qur'an selectively- to violence. As my notes grew into a book I was peeling back layers in the development of the Islamic religio-economic system that frustrates the creative energies of ordinary men and excludes ordinary women. I was writing the very book that I had searched the libraries and book stores for unsuccessfully, an economic history of Islam-how people made their living through fourteen long centuries.
Download or read book Linking Sustainable Livelihoods to Natural Resources and Governance written by Abdul-Mumin Abdulai and published by Springer. This book was released on 2016-09-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the current level and trend of poverty in the Muslim World, including selected countries in Africa, the Middle East and Central Asia, East Asia, the Pacific and South America. Authors explore themes of poverty reduction, poverty alleviation and the extent of influences on social and economic development, particularly natural resource endowments (especially mineral resources) and their utilization. Chapters explore theory and practice, including governance and programmes, and take a detailed look at Zakat as a faith-based policy tool, to reduce poverty and improve livelihoods and thus contribute to better environmental stewardship. The final chapters look at development questions in the Muslim World and make policy recommendations, including a proposed multi-dimensional development collaboration model called the Development Collaboration Octagon Model (DeCOM). Readers will discover theoretical explanations of poverty and how poverty hampers the development of many nations because the poor are unable to partake actively in the development process. Poverty indicators and measurement are discussed, and trends of economic growth including productivity, manufacturing, trade patterns, investment and saving activity, and socio-economic developments are all explored: supporting data is presented in tables and figures, throughout this text. Authors explore the potency and success stories of public poverty alleviation strategies and programmes pursued in the Muslim world, especially the extent to which the institution of Zakat has been effectively incorporated into public poverty alleviation strategies. Policy options required to enhance social and economic development are proposed, to help pull the poor out of the poverty trap into the mainstream economy in the Muslim world. This work will appeal to anyone wishing to scrutinise poverty, its parameters and its relationship with the development of countries in the Muslim world. Scholars in the fields of economics, sociology, geography and Islamic studies will all find something of value here.
Download or read book A Model for Islamic Development written by Shafiullah Jan and published by Edward Elgar Publishing. This book was released on 2019 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to explore and analyse Islamic Moral Economy (IME) as an alternative economic and social system to capitalism and socialism. It proposes a new model of Islamic development, integrating global development within an Islamic framework of spiritual development. It is argued that the failure of Muslim countries to provide basic necessities and an environment free of oppression and injustice can be overcome with this authentic Islamic development framework. In addition, this book can be an important study to identify the theological, political, social and economic boundaries for changing the society to produce IME oriented developmentalism.
Download or read book The Economic System of Islam written by Mirza Bashir-ud-Din Mahmud Ahmad and published by Islam International Publications Ltd. This book was released on 2013-06-01 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic System of Islam, is an English version of a lecture delivered in Urdu by Hazrat Mirza Bashir-ud-Din Mahmud Ahmad, the Second Khalifah Head of the Ahmadiyya Muslim Community to a gathering of academia in Lahore, Pakistan, in 1945. The book presents a detailed account of the teachings of Islam regarding the system of economics. It demonstrates that economic system of Islam is placed within the broader teachings of Islam, with the objective of attaining the pleasure of Allah and everlasting bliss in the Hereafter. It provides for a healthy and progressive society in which the basic needs of all are met, and incentives for achieving excellence are provided, with due regard to justice and fair play. The lecture then makes a critical evaluation of the economic aspects of Communism. It provides ample evidence that Communism has failed in its pretensions of promoting justice and equality both within its own borders and in international affairs. It brings out serious objections against Communism from a religious point of view, and cites three prophecies about the decline of Communism.
Download or read book The Economics of Poverty Traps written by Christopher B. Barrett and published by University of Chicago Press. This book was released on 2018-12-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.
Download or read book Miracles and Material Life written by Teren Sevea and published by Cambridge University Press. This book was released on 2020-07-30 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sevea reveals a universe of miracle-workers in Islamic Malaya, connecting the supernatural to material life, socioeconomic activities and production.
Download or read book Economic Integration Among D 8 Muslim Countries Prospects And Challenges written by Ahmed M Khalid and published by World Scientific. This book was released on 2023-03-16 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: The D-8 (Developing Eight) organisation was officially formed in 1997 and has Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey as full members. The D-8 economies encompass nearly 62% of the Muslim population or about 1.17 billion people globally. The economic, cultural, social, political and geographical diversity that exists amongst the D-8 member countries differs radically from other Muslim or regional blocks. Furthermore, D-8 member countries are developing economies that do not solely rely on oil, ancient civilizations, or roles as historical powerhouses, but their populations aspire to be better educated, scientifically more advanced, have higher incomes and improved human rights. It is imperative to study the implications of these developments for cultural identity and life quality. This book studies the contemporary socio-economic developments and challenges faced by D-8 countries. It explores questions on the socio-economic and political formation, sustainability, economic participation, and the vitality of the D-8 member countries. It deepens our understanding of recent global economic systems and governance, and suggests areas for future research and publications.
Download or read book The Economics of Poverty Traps written by Christopher B. Barrett and published by University of Chicago Press. This book was released on 2019-01-11 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.
Download or read book An Introduction to Islamic Economics written by Muhammad Akram Khan and published by International Institute of Islamic Thought (IIIT). This book was released on 1994 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contemporary economic systems have failed to solve the economic problems of mankind. The failure. of socialism is too o.bvious to need any documentation. The track record of capitalism is far from being promising. Although a small minority has achieved unprecedentlY high material standards of living, a vast majority lives under conditions of abject PovertY. The problems of unemployment, inflation, poverty amidst affluence, unequal distribution of wealth, frequent bouts of business recession, environmental pollution and ecological imbalance still bedevil man's present life and threaten his future. The present book contends that the Islamic economic order has the potential of ushering in an age of human bliss; and the resources to build a free, just and responsible world for everyone on the earth.
Download or read book Financialization of the economy and income inequality in selected OIC and OECD countries written by Fatima Muhammad Abdulkarim and published by Walter de Gruyter GmbH & Co KG. This book was released on 2019-11-18 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: Income inequality is a serious problem confronting not only the developed world but also developing countries. Recently, financialization has been one of the culprits identified in literature as one of the cause of income inequality. This book offers the only detailed presentation of the how financialization aided the spread of income inequality in Organization of Islamic Cooperation, OIC countries. Finance has taking a center stage in the affairs of most developing economies, surpassing the real sector of the economy. The result is the creation of an indebted society in which people are comfortable with financing their financial needs through credit. This creates a debt laden society that is trapped in the cycle of debt. This book represents a comprehensive and indispensable source for students, practitioners and the general public at large. It presents data which shows the buildup of debt and the rising income inequality in Muslim countries. It includes discussion of the rise in rentier income, financialization of everyday life, decline in physical capital accumulation and deregulation of the financial sector. The book therefore, proffers solutions on how Muslim countries can come out of the present economic problem facing them. The promotion and adoption of Islamic principles, which promotes risk sharing based contracts as against debt based transaction is the way to go. When financial contracts are based on the principles of risk sharing, any gains from economic activities get to be shared equitably. Hence, not only capital owners get to enjoy the benefit from the income derived from investments, but rather, all parties that partake in the contract. Distinguished by its clarity and readability as it is written in a very easy to understand language, it is an important reference work for any concerned individual interested on the recent causes of income inequality in Muslim World.
Download or read book The Principles of Islamic Political Economy written by Masudul Alam Choudhury and published by Springer. This book was released on 2016-07-27 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the methodological development of the principles of Islamic political economy in its theoretical and applied aspects. This is carried out in a general equilibrium framework using the theory of social choice. Thus a comparative study is also undertaken here in these areas while developing the theory of Islamic political economy. In these respects this book appears to be the first one of its kind.
Download or read book The Making of Islamic Economic Thought written by Sami Al-Daghistani and published by Cambridge University Press. This book was released on 2022-01-06 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interrogating the development and conceptual framework of economic thought in the Islamic tradition pertaining to ethical, philosophical, and theological ideas, this book provides a critique of modern Islamic economics as a hybrid economic system. From the outset, Sami Al-Daghistani is concerned with the polyvalent methodology of studying the phenomenon of Islamic economic thought as a human science in that it nurtures a complex plentitude of meanings and interpretations associated with the moral self. By studying legal scholars, theologians, and Sufis in the classical period, Al-Daghistani looks at economic thought in the context of Sharī'a's moral law. Alongside critiquing modern developments of Islamic economics, he puts forward an idea for a plural epistemology of Islam's moral economy, which advocates for a multifaceted hermeneutical reading of the subject in light of a moral law, embedded in a particular cosmology of human relationality, metaphysical intelligibility, and economic subjectivity.
Download or read book History of Islamic Economic Thought written by Abdul Azim Islahi and published by Edward Elgar Publishing. This book was released on 2014-12-31 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique book highlights the contributions made by Muslim scholars to economic thought throughout history, a topic that has received relatively little attention in mainstream economics. Abdul Azim Islahi discusses various ways in which Muslim ideas
Download or read book Summary of William J Bernstein sThe Birth of Plenty written by Everest Media, and published by Everest Media LLC. This book was released on 2022-05-28T22:59:00Z with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note: This is a companion version & not the original book. Sample Book Insights: #1 There are four institutions that are prerequisite for economic growth: secure property rights, a scientific method, a capital marketplace, and rapid communication. #2 The world has gotten better in the past fifty years, not worse. The proportion of the world’s population subjected to totalitarianism, genocide, starvation, war, and pestilence has been decreasing over the past two centuries. #3 The modern world seems to stagger under the load of ever-increasing population, with each year adding scores of millions of new mouths to feed. Overcrowding on our planet is a recent phenomenon, an artifact of the world’s newfound prosperity. #4 The Malthusian trap is the idea that as a nation’s population grows, its food supply does not, and thus the standard of living is inversely proportional to the number of mouths to feed. If population increases, there won’t be enough food to go around, and prices will rise while wages fall.
Download or read book CULTURE AND ISLAMIC ADAPTATION PSYCHOLOGY written by Malik Badri and published by Humanology Sdn Bhd. This book was released on 2018-03-15 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: The indiscriminate exportation of Western psychology to Muslim and third world countries can pose serious cultural and ideological dilemmas. When the exported commodity from North to South is physical in nature, the harm done can easily be identified; for example the quick detection of the life threatening birth defects caused by the drug thalidomide when taken during pregnancy or the flaws in the breaking system of a Japanese car. However, when the exported product is ideas and beliefs and ways of life, the indirect and sneaky damage, is often much more malevolent and long-lasting because it attacks the worldview of the recipients and it shakes their cherished beliefs. Because of its technological supremacy Islamic and developing countries got used to wholeheartedly accepting any information coming from the West if it is under the tag of “science”. By presenting itself under this prestigious ‘mantra’ of science, students in Muslim countries swallow the kernel of psychology with its nutshell; the baby with its filthy water. The danger of this approach is greatly augmented by the shortcomings of our educational systems that discourages critical thinking and encourages the submissive acceptance of the words of the teacher and that of printed material.
Download or read book Definitive Encounters written by Muzaffar Iqbal and published by The Other Press. This book was released on 2008 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bear Traps on Russia s Road to Modernization written by Clifford Gaddy and published by Routledge. This book was released on 2013-08-21 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bear Traps examines Russia’s longer term economic growth prospects. It argues that Russia’s growth challenges are conventionally misdiagnosed and examines the reasons why: a spatial misallocation that imposes excess costs on production and investment; distortions to human capital; an excessively high relative price of investment that serves as a tax on physical capital accumulation; and an economic mechanism that inhibits adjustments that would correct the misallocation. Bear Traps explains why Soviet legacies still constrain economic growth and outlines a feasible policy path that could remove these obstacles. The most popular proposals for Russian economic reform today — diversification, innovation, modernization — are misguided. They are based on a faulty diagnosis of the country’s ills, because they ignore a simple reality: Russia’s capital, both physical and human, is systematically overvalued, owing to a failure to account for the handicap imposed by geography and location. Part of the handicap is an unavoidable consequence of Russia’s size and cold climate. But another part is self-inflicted. Soviet policies placed far too much economic activity in cold, remote locations. Specific institutions in today’s Russia, notably its federalist structure, help preserve the Soviet spatial legacy. As a result, capital remains handicapped. Investments made to compensate for the handicaps of cold and distance should properly be treated as costs. Instead, they are considered net additions to capital. When returns to what appear to be large quantities of physical and human capital fail to satisfy expectations, the blame naturally goes to poor institutions, corruption, backward technology, and so on. Policy proceeds along the wrong path, with costly programs that can end up doing more damage than good. The authors insist that the goal should be to seek to remove the handicaps rather than to spend to compensate for them. They discuss how Russia could develop a modernization program that would let the nation finally focus on its economic advantages, not its handicaps.
