scholarly journals The Political Economy and Underdevelopment of the Muslim World: A Juridico-Philosophical Perspective

2018 ◽  
Vol 32 (4) ◽  
pp. 385-412 ◽  
Author(s):  
Muhammed Shahid Ebrahim ◽  
Mustapha Sheikh
Keyword(s):  
Economic Development ◽  
Institutional Development ◽  
Poverty Traps ◽  
The Political ◽  
Financial Instruments ◽  
Ruling Elite ◽  
Philosophical Perspective ◽  
Muslim Countries ◽  
Economic Development And Growth ◽  
Islamic Economic

Abstract This article studies the relation between Islam and economic development from a juridico-philosophical perspective. A fresh review of this issue is timely, because of the ongoing laggardness of Arab and Muslim economies due to decades of Pareto-inferior poverty traps. We disentangle the viewpoints on the Islamic-economic nexus and determine that the backwardness of Muslim countries’ economies is primarily due to the retrograde outlook of the jurists (fuqahāʾ). Flawed jurisprudential reasoning is instrumental in the paucity of financial instruments, markets, and institutional development. We also scrutinise the jurists’ co-option by the ruling elite, which legitimises the elite’s autocracy. We conclude by recommending a salient strategy critical to fostering economic development and growth.

scholarly journals Dimensi politik hukum dalam perkembangan ekonomi Islam di Indonesia

2015 ◽  
Vol 14 (2) ◽  
pp. 271
Author(s):  
Bambang Iswanto
Keyword(s):  
Economic Development ◽  
Qualitative Study ◽  
Exploratory Analysis ◽  
The Political ◽  
New Order ◽  
Economic Instruments ◽  
Library Research ◽  
History Of ◽  
Islamic Economic ◽  
Clear Description

This study aims to describe the history of recent Islamic economic development in the correlation to politics as a sought to formulated some Islamic economic laws. This qualitative study is an exploratory- analysis. It intended to analyze the position of Islamic economic in Indonesian’s system of law, so it will found the clear description of the implementation of Islamic economic laws in Indonesia. It is a library research. The study found that it is important to found the frame of the development of the products of Islamic economic law at the both period; i.e. New Order and Reformation Era. The concept of Islamic economy is still dominated by the application of Islamic principles in the areas of finance, especially banking. This dominance is not supposed to leave the Islamic economic instruments. In this respect, it associated with the political and legal product, then all the aspects and the Islamic economic instruments should be viewed comprehensively. Tulisan ini akan menguraikan mengenai sejarah ekonomi Islam modern dan keterkaitannya dengan politik dalam upaya merumuskan berbagai hukum ekonomi Islam. Penelitian kualitatif ini merupakan studi exploratory-analysis. Pendekatan ini dimaksudkan untuk menganalisis posisi ekonomi Islam dalam tata hukum Indonesia sehingga akan dapat diperoleh gambaran bagaimana bentuk implementasi ekonomi Islam di Indonesia. Penelitian kepustakaan ini menemukan urgensi untuk menemukan kerangka pengembangan produk hukum ekonomi Islam pada dua periode yang ada yaitu Orde Baru dan Era Reformasi. Konsep ekonomi Islam masih didominasi dengan penerapan prinsip Islam dalam bidang keuangan terutama perbankan. Dominasi ini tidak seharusnya melupakan instrumen ekonomi Islam lainnya karena jika dikaitkan dengan politik dan produk hukum, maka semua aspek dan instrumen ekonomi Islam tersebut harus bisa dilihat secara komprehensif.

scholarly journals Other economico-social factors of the saving process

2017 ◽  
Vol 8 (2) ◽  
pp. 41-48 ◽  
Author(s):  
Adriana Grigorescu ◽  
Oana Oprisan ◽  
Elena Condrea
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Factors ◽  
The Political ◽  
Economic Development And Growth

AbstractSavings and investments are not unconditioned universal ways for the economic development and growth of a country. They accomplish only the motor role in a healthy macroeconomic ambiance, but in the context of a coherent and consistent long-term policy, as well. Only in these circumstances it can become reality the virtuous circle of high savings – large investments – economic growth.For the insuring of the sustainability of the economic growth there will be the need of more effort, which indicates the fact that success is obtainable and that the political efforts in this direction will be rewarded.

scholarly journals Mochammad Natsir dan Pemikiran Ekonomi Ummat 1950-1960

2018 ◽  
Vol 19 (2) ◽  
pp. 409-434
Author(s):  
Imas Emalia
Keyword(s):  
Economic Development ◽  
The Political ◽  
Political Discussion ◽  
History Of Thought ◽  
The Earth ◽  
The People ◽  
The Face ◽  
History Of ◽  
Islamic Economic ◽  
Economic Thinking

Abstract This article is intended as an attempt to reconstruct the history of thought from a figure of the famous politician who is soft, firm, and islamic behave, Mochammad Natsir. His thoughts about the economy of the Muslims is as his fight in Indonesia people’s destinies take notice, especially Muslims. During his life in pursuit of economic Natsir Mochammad Muslims either when he politicking, of community, and preaching. Related to the economic development of this Ummah, Mochammad Natsir championed economic development via the Ummah Party Mayumi, the largest Islamic Ummah as the party at the time. In discussing character Mochammad Natsir, has always been in the political discussion, whether its action in politics or also his idea about politics that inevitably associated with Islam, very little discussion about his thinking in the field of Economics, but it turns out that economics is concerned Natsir Mochammad Ummah, generally the people of Indonesia. His thoughts on the economy is very inspiring and uplifting for the people of Indonesia to be able to maintain his life struggling to avoid poverty, squalor, misery, and suffering due to the behavior of those who blackmail her life wander the property. His idea about Islamic economic development Mochammad Natsir Ummah who looks at and strive to let the Muslims during the post-revolution until the 1960 's can live peaceful, prosperous, far from suffering, poverty, misery, and always pay attention to the messages from the teachings of Islam. Message from thinking this is about Mochammad Natsir human duty to care for and respect each other, because that is the nature of a human being as an independent creature who had to work hard in the face of the Earth to avoid poverty. This paper, entitled "the Economic Thinking and Natsir Mochammad Ummah 1950-1960".---Abstrak Makalah ini dimaksudkan sebagai usaha merekonstruksi sejarah pemikiran dari seorang sosok politikus terkenal yang lembut, tegas, dan islami, yakni Mochammad Natsir. Pemikirannya tentang ekonomi ummat adalah sebagai perjuangannya dalam memperhatikan nasib rakyat Indonesia, terutama ummat Islam. Selama hidupnya Mochammad Natsir memperjuangkan ekonomi ummat baik ketika ia berpolitik, bermasyarakat, dan berdakwah. Terkait dengan pembangunan ekonomi ummat ini, Mochammad Natsir memperjuangkan pembangunan ekonomi ummat melalui Partai Mayumi, sebagai partai ummat Islam terbesar saat itu. Dalam membahas tokoh Mochammad Natsir, selama ini selalu pada pembahasan politik, baik kiprahnya dalam berpolitik atau juga pemikiran-pemikirannya tentang politik yang pasti dikaitkan dengan Islam, sangat sedikit pembahasan tentang pemikirannya di bidang ekonomi, padahal ternyata Mochammad Natsir sangat memperhatikan ekonomi ummat Islam, umumnya rakyat Indonesia. Pemikirannya tentang ekonomi sangat memberikan inspirasi dan semangat bagi rakyat Indonesia untuk dapat berjuang mempertahankan hidupnya yang terhindar dari kemiskinan, kemelaratan, kesengsaraan, dan penderitaan akibat perilaku pemerasan dari mereka yang hidupnya bergelimang harta. Untuk itu makalah ini akan menyoroti Pemikiran Mochammad Natsir tentang pembangunan ekonomi ummat yang memandang dan mengusahakan agar umat Islam pada periode pasca revolusi sampai tahun 1960 dapat hidup damai, sejahtera, jauh dari penderitaan, kemiskinan, kesengsaraan, dan senantiasa memperhatikan pesan-pesan dari ajaran agama Islam. Pesan dari pemikiran Mochammad Natsir ini adalah tentang tugas manusia untuk menjaga dan menghormati sesamanya, karena itu  adalah fitrah seorang manusia sebagai makhluk yang merdeka yang harus bekerja keras di muka bumi untuk menghindari kemiskinan. Makalah ini berjudul “Mochammad Natsir dan Pemikiran Ekonomi Ummat 1950-1960”.

Islamic vs conventional Human Development Index: empirical evidence from ten Muslim countries

2017 ◽  
Vol 44 (12) ◽  
pp. 1562-1583 ◽  
Author(s):  
Necati Aydin
Keyword(s):  
Economic Development ◽  
Human Development ◽  
Human Development Index ◽  
Policy Implications ◽  
Content Type ◽  
Development Index ◽  
Islamic Perspective ◽  
Muslim Countries ◽  
The Difference ◽  
Islamic Economic

Purpose Given the fact that the Islamic economic paradigm differs from the secular capitalist paradigm in terms of its emphasis on morality and spirituality, the author thinks that the current Human Development Index (HDI) does not capture human development from an Islamic perspective. The purpose of this paper is twofold: first, to provide a paradigmatic, theoretical, and conceptual model for the suggested Islamic HDI (iHDI) and second, to present several proxy variables for multi-dimensional iHDI and test the proposed index through empirical data for ten Muslim countries. Design/methodology/approach The author developed eight-dimensional composite iHDIs based on the understanding of human nature from the Tawhidi anthropology. These dimensions included physical, reasoning, spiritual, ethical, animal, social, deciding, and oppressive selves. The author measured them using nine different indices, three of which came from the conventional HDI (cHDI). The author then compared the rankings of those Muslim countries in iHDI to those in cHDI. Findings The iHDI rankings for all Muslim countries except two differed from those in cHDI. The difference was more substantial for countries with higher economic development. Thus, improved cHDI rankings for Muslim countries based on their economic development do not necessarily mean that they move toward ideal human development. This finding confirms the need for an alternative human development indexing approach from an Islamic perspective. Research limitations/implications The paper is likely to initiate movement to develop an alternative HDI from Islamic perspective. Practical implications The paper findings have important policy implications for Muslim countries. Originality/value It is the first empirical paper showing how to develop an alternative HDI from an Islamic perspective.

Prinsip Dasar Ekonomi Dan Bisnis Dalam Islam

AKADEMIKA ◽  
2015 ◽  
Vol 9 (1) ◽  
pp. 69-77
Author(s):  
Misbahul Khoir
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Human Behavior ◽  
Business Performance ◽  
Positive Impact ◽  
Economic Life ◽  
Universal Values ◽  
The Government ◽  
Islamic Economic ◽  
And Behavior

In order for humans could reach the so-called falah (goodness), human behavior needs to be colored with the spirit and norms of Islamic economics reflected in its values. The principles and values of Islamic economics are considerably two inseparable things. The implementation of economic principles without being colored with values or values without being based on principles could keep people far away from their purpose, namely falah. The implementation of values not based on principles will tend to bring with it the normative economics, which would cause it trapped into injustice. While the implementation of values on the Islamic economic development is based on the five universal values, namely akidah (belief), 'adl (justice), nubuwwah (prophetic), khilafah (the government), and ma'ad (results). The five principles are used as the basis for building theories of Islamic economics. But strong and adequate theories not applied into a system will make the Islamic economics just as the study of science without giving positive impact on the economic life. Therefore, based on the five universal values, the three derivative principles should be built into the characteristics and the forerunner of the Islamic economic system. The Islamic economic system makes sure that there are no economic transactions that are contrary to the Shari'a. But business performance depends on the man behind the gun. For that reason, the economic actors within this framework could be held by non-Muslims. The Islamic economics could only be developed if the mindset and behavior of Muslims are already itqan (diligent) and ihsan (professional). It "may be" one of the secrets of the Prophet's statement, saying "Truly I was sent to perfect good character". Because good character could be an indicator of knowing good or bad behavior in determining both the success and the failure of business itself.

The Contributions of the political economy approach: An analysis of Socio-economic development in Indonesia

2020 ◽  
Author(s):  
Falih Suaedi ◽  
Muhmmad Saud
Keyword(s):  
Political Economy ◽  
Economic Development ◽  
Southeast Asia ◽  
Comparative Politics ◽  
Analytical Framework ◽  
The Political ◽  
Developmental Studies ◽  
Socio Economic Development ◽  
Relationship Of ◽  
Political Economy Approach

This article explores in what ways political economy as an analytical framework for developmental studies has contributed to scholarships on Indonesian’s contemporary discourse of development. In doing so, it reviews important scholarly works on Indonesian political and economic development since the 1980s. The argument is that given sharp critiques directed at its conceptual and empirical utility for understanding changes taking place in modern Indonesian polity and society, the political economy approach continues to be a significant tool of research specifically in broader context of comparative politics applied to Indonesia and other countries in Southeast Asia. The focus of this exploration, however, has shifted from the formation of Indonesian bourgeoisie to the reconstitution of bourgeois oligarchy consisting of the alliance between the politico-bureaucratic elite and business families. With this in mind, the parallel relationship of capitalist establishment and the development of the state power in Indonesia is explainable.<br>

Indian Muslim(s) After Liberalization

2019 ◽  
Author(s):  
Maidul Islam
Keyword(s):  
Economic Development ◽  
Free Market ◽  
Political Leadership ◽  
Economic Reforms ◽  
Turn Of The Century ◽  
The Political ◽  
Economic Policies ◽  
Multiple Forms ◽  
Muslim Identity ◽  
Economic Changes

Close to the turn of the century and almost 45 years after Independence, India opened its doors to free-market liberalization. Although meant as the promise to a better economic tomorrow, three decades later, many feel betrayed by the economic changes ushered in by this new financial era. Here is a book that probes whether India’s economic reforms have aided the development of Indian Muslims who have historically been denied the fruits of economic development. Maidul Islam points out that in current political discourse, the ‘Muslim question’ in India is not articulated in terms of demands for equity. Instead, the political leadership camouflages real issues of backwardness, prejudice, and social exclusion with the rhetoric of identity and security. Historically informed, empirically grounded, and with robust analytical rigour, the book tries to explore connections between multiple forms of Muslim marginalization, the socio-economic realities facing the community, and the formation of modern Muslim identity in the country. At a time when post-liberalization economic policies have created economic inequality and joblessness for significant sections of the population including Muslims, the book proposes working towards a radical democratic deepening in India.

scholarly journals Singapore: Reflections and Implications of Another Smart State

2003 ◽  
Vol 10 (1) ◽  
pp. 53-69 ◽  
Author(s):  
Clive Edwards
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Direct Investment ◽  
Political Leadership ◽  
The Political ◽  
Political Leaders ◽  
Contemporary World ◽  
Michael Porter ◽  
State Initiatives ◽  
The Development Strategy

The objective of this paper is to analyse key elements of the development strategy of Singapore since the mid–1960s. The paper describes the economic challenge faced by Singapore in the mid–1960s, overviews contemporary world trends in foreign direct investment, and uses competitiveness constructs developed by Michael Porter (1985) to clarify key stages in the evolution of Singapore's development strategy. The paper argues that the strategy has been successful because of unremitting top priority given to it by Singapore's political leadership and because the political leaders charged a single organisation, the Economic Development Board (EDB), with absolute authority to develop and implement the strategy. The paper concludes with implications for Queensland's Smart State initiatives.

scholarly journals Mapping the Market Segments for the Consumers of Greek Cooperative Food Products

2021 ◽  
Vol 13 (7) ◽  
pp. 3825
Author(s):  
Ourania Tremma ◽  
Achilleas Kontogeorgos ◽  
Philippos Karipidis ◽  
Fotios Chatzitheodoridis
Keyword(s):  
Cluster Analysis ◽  
Economic Development ◽  
Food Products ◽  
Agricultural Cooperatives ◽  
Value For Money ◽  
Market Segments ◽  
Local Society ◽  
Economic Development And Growth ◽  
Different Characteristics ◽  
Western Greece

The purpose of this study was to illustrate and understand how consumers of cooperative food products could be segmented in the region of Western Greece. For this purpose, a questionnaire survey was undertaken involving almost 500 consumers in the selected region. Consumers were segmented on the basis of their consumption of cooperative products and in association with their attributes and beliefs regarding cooperatives’ products. Τhe performed cluster analysis grouped participants into four distinct groups with different characteristics and perceptions regarding cooperatives’ products. The consumer groups were called “skeptics”, “cooperative”, “passively sensitive”, and “indifferent”. According to the results, in general, participants considered cooperative food products as a safe choice with excellent value for money and contributing to the local society, economy, and sustainability. Segmentation could allow agricultural cooperatives to focus only on those segments of consumers that are willing to pay for cooperative products by allocating all available resources in serving them. The results of this research, even with its limitations, can help directors and marketing executives of agricultural cooperatives to better understand that operating in a specific market could be more effective when targeted at specific segments to help not only the viability of agricultural cooperatives but also their economic development and growth.

Sign in / Sign up

Export Citation Format

Share Document