Globalization’s Vulnerabilities and the Response of Islamic Economics

2000 ◽  
Vol 17 (3) ◽  
pp. 70-94
Author(s):  
Tahir Beg
Keyword(s):  
Global Governance ◽  
National Policy ◽  
Economic Institutions ◽  
Wide Scope ◽  
Global Capital ◽  
Theoretical Premise ◽  
Islamic Economic

The philosophical-theoretical premise of globalization is ignorant of thevalues of justice, equity, and oneness of humanity, hence it leads to verticalintegration of humanity, systemic vacuum in global governance,drastic erosion in national policy autonomy, and accountability-freeempowerment of global capital. The Islamic worldview provides analternative paradigm for globalization and offers wide scope for refprmof contemporary globalization by re-exploring the interrelationshipbetween the concepts ‘Ummah’ and ‘one humanity.’ This suggests thatoperational re-orientation of Islamic economic institutions is greatlyneeded to protect the Ummah and humanity against the vulnerabilitiesof contemporary globalization

scholarly journals Global Governance of Front-of-Pack Nutrition Labelling: A Qualitative Analysis

Nutrients ◽  
2019 ◽  
Vol 11 (2) ◽  
pp. 268 ◽  
Author(s):  
Anne Marie Thow ◽  
Alexandra Jones ◽  
Carmen Huckel Schneider ◽  
Ronald Labonté
Keyword(s):  
Public Health ◽  
Global Governance ◽  
National Policy ◽  
Policy Issue ◽  
Policy Decision ◽  
Noncommunicable Disease ◽  
Public Health Issue ◽  
Global Level ◽  
Nutrition Labelling ◽  
Ongoing Work

The Codex Alimentarius has approved ongoing work for international guidance on front-of-pack (FoP) nutrition labelling, which is a core intervention for prevention of diet-related noncommunicable disease. This guidance will have implications for national policy decision-making regarding this important public health issue. However, FoP nutrition labelling is also a trade and commerce policy issue. In this study, we analyze the global governance of FoP nutrition labelling and current policy processes, to inform public health policy and advocacy. We present findings from a qualitative governance and institutional analysis, based on key informant interviews with 28 global actors. The study found that Codex guidance was perceived as likely to have a high impact on FoP nutrition labelling globally. However, a small and highly interconnected “regime complex” of international institutions surrounds FoP nutrition labelling at the global level, and influence on Codex discussions is being exerted differentially by actors at the national and global level, particularly by government and industry actors. There are thus risks associated with conflicts of interests in the development of global guidance on FoP nutrition labelling. There are also opportunities for more strategic and coordinated public health engagement.

scholarly journals Applying of Fatwa in the Case of Islamic Banking in Court: A Study of the Development of Islamic Banking in Indonesia

2021 ◽  
Vol 3 (2) ◽  
pp. 83-92
Author(s):  
Andi Wahyudin Jalil ◽  
Achmad Yani
Keyword(s):  
National Policy ◽  
Analysis Data ◽  
Research Strategy ◽  
Policy Support ◽  
Islamic Banking ◽  
Qualitative Research Design ◽  
Banking Market ◽  
Islamic Economic ◽  
Collection Methods ◽  
Data Analysis Methods

This research generally aims to examine the things that need to be considered in advancing Islamic banking. The research method used to achieve the research objectives is a qualitative research design with a research strategy through case analysis, data collection methods in interviews, and data analysis methods in analytical content. This study recommends how the Islamic banking in expanding the Islamic banking market. Based on the research, in general, there are 3 main agendas that need attention in advancing Islamic banking, namely national policy support, expansion of Islamic economic and financial institutions, and the last is education and inculcation of Islamic economic values and concepts.

scholarly journals The Global Capital Market: Benefactor or Menace?

1998 ◽  
Vol 12 (4) ◽  
pp. 9-30 ◽  
Author(s):  
Maurice Obstfeld
Keyword(s):  
Side Effects ◽  
Economic Integration ◽  
Capital Market ◽  
National Policy ◽  
International Capital ◽  
International Capital Market ◽  
Global Capital ◽  
Policy Choices ◽  
Net Benefits ◽  
Policy Problems

This paper reviews the theoretical functions, history, and policy problems raised by the international capital market. The goal is to offer a perspective on both the considerable advantages the market offers and on the genuine hazards it poses, as well as on avenues through which it constrains national policy choices. A duality of benefits and risks is inescapable in the real world of asymmetric information and imperfect contract enforcement. The author argues, however, that, in confronting the global capital market, the way to maximize net benefits is to encourage economic integration while attacking concomitant distortions and unwanted side effects at, or close to, their sources.

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