scholarly journals ANALYSIS OF KANO STATE BUDGET FROM ISLAMIC ECONOMICS PERSPECTIVE 2007-2015

2019 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Tasiu Tijjani Sabiu ◽  
Muhammad Bako
Keyword(s):  
Conceptual Analysis ◽  
Social Goals ◽  
Development Projects ◽  
Journal Articles ◽  
Human Capital Development ◽  
State Budget ◽  
State Administration ◽  
Self Interest ◽  
Budget Policy ◽  
Capital Development

Budgeting on conventional ground devises social goals by individualism, self-interest, and misplacement of priorities which creates and widens social inequality. On the other hand, Budgeting from Islamic economics perspective envisages and promotes equity, justice, and equality through mutual consultation and public maslaha and this is achieved by placing the budget in line with the goals of sharia which serves humanity better. The objective of the paper is to critically analyze Kano state budget from 2007 to 2015 based on Maqasid sharia framework. Thus, the paper is a conceptual analysis which relies on journal articles, books, conference proceedings and other relevant materials. The study reveals that the Kano state administration between 2007 to mid2011 incorporate sharia parameters fully into its budget policy and implementation while that of 2011 to mid-2015 partially observe some of the sharia parameters by emphasizing mostly on human capital development and capital project. Thepaper recommends that since Kano state is a sharia-compliant state and that the future administrations should fully envisage sharia parameters in its budget policies and implementation by placing more emphasis on and proper utilization of sharia supportive institutions or pillars such as Zakat and Hubsi commission, Hisbah board, sharia commission, coupled with productive and sustainable human and capital development projects.

Belt and Road Initiative

2019 ◽  
pp. 176-199
Author(s):  
Teo Poh Chuin
Keyword(s):  
Development Projects ◽  
Financial Risks ◽  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
Human Capital Development ◽  
Mutual Cooperation ◽  
Belt And Road ◽  
High Level ◽  
Capital Development ◽  
The Belt And Road

With the aim of the Belt and Road Initiative in search of synergies with participating countries, infrastructure development projects are expected to arise incrementally and will be adapted accordingly to fulfil local regulatory requirements and needs. Malaysia embraces opportunities brought by the Belt and Road Initiative by penetrating deeper into overseas market with the availability of rail lines that will drive connectivity and foster economic growth. The potential of the Belt and Road Initiative lies not just within the infrastructure sector, but also offers plenty of opportunities for human capital development, which made available through technology transfer and knowledge sharing arising from the cooperation between China and Malaysia. While it is believed that Malaysia will experience a strong growth, this motion definitely requires a high level of mutual cooperation, understanding, and trust in managing regulatory, political, and financial risks, as well as challenges involved.

VALUE-SEMANTIC ECONOMY

ASJ. ◽  
2020 ◽  
Vol 1 (40) ◽  
pp. 53-57
Author(s):  
A.V. Kurbatov A.V., ◽  
L.A. Kurbatova
Keyword(s):  
Human Capital ◽  
High Efficiency ◽  
Human Capital Development ◽  
Capital Theory ◽  
The Sustainable Development ◽  
External Resources ◽  
Internal Resources ◽  
Value Determination ◽  
High Dynamics ◽  
Capital Development

The continuing build-up in the speed of deepening of the global economic crisis, driven by just as fast drop in quantity of the external resources calculated per inhabitant of our planet, forces us to refer to internal resources in order to prevent the irreversible losses, to overcome the crisis and ensure the sustainable development. Beginning from the second half of the 20-th century, the hopes for efficient deployment of internal resources have been laid on the development of the human-capital theory. However, despite the intensive change in perception of the very concept of "human capital" and a wide scope of innovative models of its practical application, aimed at bringing the economy out of stagnation, the desired outcome is not achieved. The trend of transferring of the bulk of investments to human capital, at the expense of the share of investments spent on increased production, has proved insufficient. The analysis of causes of ultra-high risks of investments in increase of human capital has helped to determine that the models, which are used currently, do not take into account some of the fundamental patterns, which ensure the high efficiency of investment in human capital. Most of the models are based on application of the methods of situational governance, which, at best, have a short-term positive effect. This trend results from the insufficient awareness of managers of the fundamental patterns of human capital development, which deprives the investors of the possibility to benefit from the optimal combination of the situational governance with relevant long-term programs, which can steadily increase human capital. The researches of the fundamental patterns of human capital development have shown, that the main factor for achieving the high efficiency of investment in human capital is the correct organization of the processes of value determination of the subjects of economic activity and the transition from the value determination to value-semantic determination, thus ensuring guaranteed attainment of goals along with high dynamics of resources. The work presented here is dedicated to the method of managing the quality of human capital, which is hereafter referred to as value-semantic economy.

DEMOCRATIZATION OF THE SOCIAL ENVIRONMENT OF HIGHER EDUCATION INSTITUTION AS A PREREQUISITE FOR THE INDIVIDUALS’ DEVELOPMENT POTENTIAL OF THE SUBJECTS OF ITS ACTION

2020 ◽  
pp. 7-24
Author(s):  
Volodymyr Ryabchenko
Keyword(s):  
Higher Education ◽  
Human Capital ◽  
Social Environment ◽  
Higher Education Institutions ◽  
Social Systems ◽  
Education Institution ◽  
Human Capital Development ◽  
The Social ◽  
Conceptual Problems ◽  
Capital Development

There are following prerequisites outlined in this article: worldwide democratization trend; complexity of structures of social systems; growing needs in human capital development; autonomy of national higher education institutions; civilizational problem of Ukraine in national elite. Conceptual problems on a road to real democracy in higher education institutions were actualized and analyzed. Determined and characterized three models of higher education institutions activities based on the level of democratization needs of their social environment as: negative, neutral and favorable.

INCOME AS A SOURCE OF HUMAN CAPITAL DEVELOPMENT IN RURAL AREAS

2020 ◽  
Vol 2 (10) ◽  
pp. 58-63
Author(s):  
O. N. KUSAKINA ◽  
◽  
S. V. SOKOLOV ◽  
Keyword(s):  
Human Capital ◽  
Rural Areas ◽  
Economic Conditions ◽  
Place Of Residence ◽  
Human Capital Development ◽  
Urban Households ◽  
Average Structure ◽  
Rural And Urban ◽  
Consumer Expenditures ◽  
Capital Development

The article is devoted to research of dynamics of disposable resources of rural and urban households; components of disposable resources of households depending on the place of residence (per household member on average); structure of consumer expenditures of rural households based on official statistics for 2018–2020. The presented findings may serve as a basis for justifying the trends in social and economic conditions necessary for the growth of human capital in rural areas.

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