scholarly journals RESPON DUNIA BARAT TERHADAP EKONOMI SYARIAH DI ERA REVOLUSI INDUSTRI 4.0

2021 ◽  
Vol 7 (1) ◽  
pp. 23-44
Author(s):  
Hisam Ahyani ◽  
Memet Slamet
Keyword(s):  
Industrial Revolution ◽  
Free Market ◽  
Economic Conditions ◽  
Economic Welfare ◽  
The West ◽  
Capitalist System ◽  
Revolutionary Era ◽  
Legal Study ◽  
Economic Opportunities ◽  
Golden Opportunity

Sharia economic opportunities developed in Indonesia need to be supported by knowing the western response to the economic conditions in Indonesia, where the revolutionary era 4.0 is a challenge for Indonesia in the economic welfare of its people. This study aims to determine the response and contribution of the west to the Islamic economy in Indonesia in the Industrial Revolution Era 4.0. This type of research is juridical normative and the nature of the research is descriptive legal study. The results of the study found that the response and contribution of the west to the Indonesian sharia economy is to embrace the Indonesian sharia economy with the aim of regaining control of the Indo Pacific, by implementing a free market and capitalist system. However, Indonesia remains in principle, namely developing the potential of the Islamic economy because this is a golden opportunity for a prosperous Indonesia.  Keywords: West (Christian), East (Islam), Sharia Economics, Era 4.0 Abstrak Peluang Ekonomi Syariah  yang dikembangkan di Indoensia perlu didukung dengan mengetahui respon barat terhadap kondisi ekonomi di Indonesia, dimana era revolusi 4.0 menjadi tantangan tersendiri bagi Indonesia dalam mensejahterahkan ekonomi masyarakatnya. Penelitian ini bertujuan guna mengetahui respon dan sumbangsih barat terhadap ekonomi syariah di Indonesia Era Revolusi Industri 4.0. Jenis penelitian ini dalah yuridis normative dan Sifat penelitian descriptive legal study. Hasil penelitian ditemukan bahwa respon dan sumbangsih barat terhadap ekonomi syariah Indonesia yaitu merangkul ekonomi syariah Indonesia dengan tujuan menguasai kembali indo pasifik, dengan menerapkan sistem pasar bebas dan kapitalis. Namun Indonesia tetap pada prinsipnya yaitu mengembangkan potensi ekonomi syariah karena ini adalah peluang emas menuju Indonesia sejahtera. Kata Kunci : Barat (Kristen), Timur (Islam), Ekonomi Syariah, Era Revolusi Industri 4.0

An Evaluation of Mono-product Economies & examining the sine qua non for diversification - In West Asian Region

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Sushmita .
Keyword(s):  
Nuclear Energy ◽  
Renewable Energy Sources ◽  
The West ◽  
Capitalist System ◽  
Asian Region ◽  
Long Run ◽  
Asian Economies ◽  
On Line ◽  
Mode Of Development ◽  
Over Time

The discovery of oil in West Asia has contributed to its integration into the international capitalist system. The mono-commodity, oil, has brought tremendous wealth to West Asia. But a rising population and an ever growing demonstration effect, has caused imports to grow exorbitantly, with oil prices expected to fall, depicted explicitly by recent oil price drop, also over time as interest in climate change increases after RIO-20, and more options of renewable energy sources coming on line like Gas, Solar Energy, wind power and nuclear energy etc. the rentier mode of development followed by west Asian economies is clearly unsustainable. Further the oil producing nations are so over-specialized that they do not possess the necessary flexibility to shift their resources from one sector to another, or to develop substitution if and when the need arises. Moreover, the ability of oil producing countries to respond to deliberate or accidental economic measures taken abroad is limited. This paper theoretically analyses the standing of the West Asian mono product economies, their specific traits, benefits and disbenefit of current condition and looks into the case for diversification of West Asian Region. As diversification is a sine qua non in long Run for the sustainability of the West Asian economies.

The Persistence of Subsistence and the Limits to Development Studies: The Challenge of Tanzania

Africa ◽  
2000 ◽  
Vol 70 (4) ◽  
pp. 614-652 ◽  
Author(s):  
Tony Waters
Keyword(s):  
Rural Areas ◽  
Urban Areas ◽  
Third World ◽  
Industrial Revolution ◽  
System Development ◽  
Arable Land ◽  
World System ◽  
Development Studies ◽  
Capitalist System ◽  
Rural Tanzania

AbstractThere are two general approaches to assessing what is known as ‘development’. First, there are classical accounts focusing on Europe's development during the industrial revolution. They describe how urban areas expanded at the expense of the social and economic resources of the rural areas, disrupting an independent subsistence peasantry. A major consequence is that today all Europeans are dependent socially, politically, and economically on the modern capitalist system. The second (more common) approach to development focuses on the modern Third World. This approach assumes that, as with Europe, the entire Third World is dependent on the modern capitalist system. Development studies focus on the assessment of how Third World countries can most effectively engage world capitalism. Discussion is typically reduced to comparisons between world systems theory and neoclassical economics. The Tanzanian government has used standard policies grounded in neoclassical and world‐system assumptions since independence. But both policies failed to produce the predicted economic growth. This article argues that both policies failed because the Tanzanian peasantry, like the early modern European peasantry, is not dependent on the operation of world capitalism for basic subsistence. In fact, as studies have shown, rural Tanzania is only weakly incorporated into the capitalist world system, and in consequence has not been an easy target for what world‐system theorists call ‘peripheral integration’. What makes Tanzania different is the fact that the rural peasantry do not use market mechanisms in the distribution of the ‘means of production’, especially arable land for swidden agriculture, or, for that matter, labour or cattle.

scholarly journals Islamic Banking: The Firewall Against The Global Financial Crisis

2011 ◽  
Vol 28 (1) ◽  
pp. 9 ◽  
Author(s):  
Rohana Othman ◽  
Nooraslinda Abdul Aris ◽  
Rafidah Mohd Azli ◽  
Roshayani Arshad
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Free Market ◽  
Financial System ◽  
Capitalist System ◽  
Islamic Economic ◽  
The Global Financial Crisis ◽  
Financial Transactions ◽  
The Impact ◽  
Fundamental Values

The global financial crisis that devastated many of the worlds financial systems in a manner never seen before exposed the glaring weakness in risk management and interest-driven policies. The crisis brought the collapse of several iconic financial institutions once perceived to be too strong to capitulate. The crisis engulfed one economy after another from corporations to eventually bring about the collapse of governments of countries reeling from the impact of the crisis. Asset values plummeted and the crisis clearly demonstrated the fragility of the western capitalist system and the free market economy. The Islamic economic and financial system is anchored on universal honorable values, ideals and morals - honesty, credibility, transparency, co-operation and solidarity. These fundamental values uphold stability, security and safety in any financial transactions. Of paramount consideration is that the Shariah prohibits any economic and financial transactions that involve usury, lying, gambling, cheating, unsubstantiated risk or uncertainty (gharar), monopoly, exploitation, greed, unfairness and taking other peoples money unjustly. Another key aspect to the philosophy behind the Islamic financial system is money issued must be fully asset backed. It is impermissible to allow money to be traded for money except at par. Islam is not just the prohibition of riba and zakah (alms); it is a comprehensive system to fulfill societys basic necessities (food, clothing and shelter). History has demonstrated that Islam has the capacity to deliver and has succeeded in providing a viable economic system.

scholarly journals UKRAINE IN EUROPEAN HISTORICAL PROCESSES. REVIEW OF THE MONOGRAPH MANUSCRIPT: Vidnianskyi, S. (Ed.). (2020). Ukraine in the History of Europe of the 19th – Early 21st Century: Historical Essays. A Monograph. Kyiv: Instite of History of Ukraine of National Academy of Sciences of Ukraine.

2020 ◽  
pp. 85-86
Author(s):  
O. Mashevskyi
Keyword(s):  
Industrial Revolution ◽  
Research Result ◽  
European History ◽  
European Countries ◽  
Historical Period ◽  
Political Scientist ◽  
World War ◽  
Capitalist System ◽  
History Of ◽  
Xix Century

The chronological boundaries of the collective monograph cover a long historical period, which extends to the era of European Modernism and continues to the modern (current) history of European Postmodernism. The key thesis of the team of authors of the monograph is the idea of systemic belonging of Ukraine to European civilization as its component, which interacts with other parts of the system. The first chapter of the peer-reviewed collective monograph "European receptions of Ukraine in the XIX century" shows the reflection of the Ukrainian problem in the German-language literature of the first half of the XIX century, taking into account new archival document, the development of Ukraine’s relations with other Slavic peoples is traced, and the peculiarities of Ukrainian-Bulgarian relations are considered as a separate case study. An interesting paragraph of the collective monograph devoted to cultural, educational and scientific cooperation of Dnieper Ukraine with European countries. This information illustrates well how the Industrial Revolution radically changed the face of the planet, brought new scientific experience that gave room for the development of the capitalist system, and with them, the Industrial Revolution brought social problems, environmental disasters that still cannot be solved. Thomas Malthus (1766-1834) formulated the "iron law of wages", according to which workers can receive only a living wage. The second chapter of the collective monograph "The Ukrainian Question and Ukraine in the European History of the Twentieth Century" presents an integrated narrative of Ukrainian national history in the light of the European history of the two world wars and their consequences. The First World War, or the Great War, undoubtedly became a turning point in European history and, accordingly, in the national histories of European countries. The historical experience of the Ukrainian national liberation struggle of the Ukrainian people for the right to European development is covered in the paragraph of the collective monograph "Ukrainian Diplomatic Service 1917-1924". The vicissitudes of Stalin's industrialization and collectivization and their impact on the Ukrainian SSR's relations with European states in the 1920s and 1930s are highlighted in terms of continuity of ties with Europe. A separate regional example of the situation is covered on the example of the history of Transcarpathia on the eve of World War II. The third chapter of the collective monograph "Independent Ukraine in the European integration space" highlights the features of Ukraine's current positioning in Europe. After the collapse of the USSR, ideological obstacles to the development of globalization were overcome. The American political scientist F.Fukuyama in his work "The End of History" concluded the final victory of liberal ideology. This section of the peer-reviewed collective monograph also highlights the position of the international community on the Crimean referendum in 2014, analyzes the policy of Western European countries on the Ukrainian-Russian armed conflict on the example of the policy of Germany, France and Austria. The research result is a separate model of reality, which is reproduced with the help of a certain perception and awareness of the historian. In this sense, the author's team of the monograph has achieved the goal of creating a meaningful narrative that highlights the place of Ukraine at different stages of modern and postmodern European history. From the point of view of the general perception of the narrative offered to the reader, the authors of the collective monograph managed to harmonize individual stylistic features in a conceptually unified text, the meanings of which will be interesting to both professional historians and students and the general readership.

A REFUTATION FROM CAPITALISM TOWARD ENVIRONMENTALISM’S CRITICS RELATED ENVIRONMENTAL PROBLEM

2021 ◽  
Vol 6 (1) ◽  
Author(s):  
Riska Fara Farucha ◽  
Naupal Asnawi
Keyword(s):  
Environmental Conditions ◽  
Environmental Problem ◽  
Free Market ◽  
Consumer Society ◽  
Individual Freedom ◽  
Capitalist System ◽  
Basic Principles ◽  
Environmental Preservation ◽  
Metabolic Rift ◽  
Unlimited Growth

From environmentalism’s perspective, there are four fundamental assumptions that make capitalism inconsistent with efforts to preserve the environment. First, unlimited growth in the capitalist system is contradicted with limited environmental conditions. Second, the basic principles of capitalism (individual freedom, self-interests, and free-market) are not compatible with efforts to preserve the environment. Third, capitalism has caused a "metabolic rift" between society and the ecosystem. Fourth, the tendency of capitalism that creates consumer society will produce massive pollution. This article is intended to refute these four environmentalism critics and also demonstrate the coherence of the theory of capitalism on environmental preservation. To accomplish this aim, the method of refutation is first used to show the shortcomings of the claim about environmentalism in its critique, then continue with an analytical explanation of the whole theory of capitalism, and conclude with a theoretical elaboration of all these concepts. This paper argues that environmentalism critics are irrelevant because capitalism is actually capable of preserving the environment.

The Avant-Garde of System-Cybernetic Governmentality

2016 ◽  
Author(s):  
Eglė Rindzevičiūtė
Keyword(s):  
Market Economy ◽  
Systems Approach ◽  
Free Market ◽  
Self Regulation ◽  
Free Market Economy ◽  
The West ◽  
Avant Garde ◽  
History Of ◽  
Soviet Russia ◽  
Complex Question

This epilogue addresses the complex question of the link between system-cybernetic governmentality and the neoliberal transformation of post-Soviet Russia. Although the system-cybernetic governmentality and economic neoliberalism did not share institutional origins, they were linked during the post-Soviet transformation as a result of historical momentum: the members of the Soviet systems approach community were best positioned to conduct the transfer of the models of the market economy from the West at a time when neoliberal ideas on the free market economy were gaining popularity. However, this should not mean that the pre-1980 history of system-cybernetic governmentality should be tainted as neoliberal; rather, this reveals the extent to which scientific governance can be appropriated by different economic and political regimes. If anything, the pre-1980 history of system-cybernetic governmentality is a history of a rather liberal governmental technology, underscoring the conditions of autonomy, self-regulation, and government at a distance.

“One of the Finest and Most Fruitful Spots in America”: An Analysis of Eighteenth-Century Carriacou

2013 ◽  
Vol 43 (4) ◽  
pp. 539-570 ◽  
Author(s):  
David Beck Ryden
Keyword(s):  
Eighteenth Century ◽  
West Indies ◽  
Industrial Revolution ◽  
Information Costs ◽  
The West

Analysis of the 1776 and 1790 agricultural censuses from Carriacou overturns the notion that only farmers with small holdings cultivated cotton in the West Indies. The evidence shows that cotton squeezed out all other crops on Carriacou during the first phase of the Industrial Revolution. The island's cotton planters were socially diverse; the yeomanry with their small their farms often competed successfully with the owners of the large plantations financed by wealthy metropolitan investors. Despite the viability of the more modest operations in this industry, however, the largest estates offered creditors comparatively lower transaction and information costs. Furthermore, the data from 1790 indicate that the largest estates achieved the highest output per hand, provided that the “gangs” of enslaved laborers were sufficiently monitored by free workers.

Livestock and agriculture of Northern Ireland

1957 ◽  
Vol 1957 ◽  
pp. 83-89 ◽  
Author(s):  
James Morrison
Keyword(s):  
Northern Ireland ◽  
Crop Production ◽  
Gradual Increase ◽  
Climatic Conditions ◽  
Economic Conditions ◽  
The West ◽  
Risky Business

The pattern and character of Northern Ireland farming is to-day very different from what it was a century ago. The farms, although still relatively small, were then very much smaller, and the output of farm products was very low. The changes in farm organisation consequent upon the gradual increase in the size of farms made it possible for the occupiers to keep more stock. Indeed, the tendency to-day for consolidation of holdings into larger units is being accentuated by economic conditions and developments in farm mechanisation.Climatic conditions have also played a big part in the expansion of stock farming. While the rainfall cannot be regarded as excessive, at least in the east, it tends to be unduly persistent in the harvest months so that crop production, especially of cereals, is a risky business. In the west, with a higher rainfall, it is even more so. This enforced limitation of cropping has induced farmers to concentrate more on the production of livestock and their associated products.

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