EDUCATIONAL REFORM: SOCIAL STRUGGLE, THE STATE AND THE WORLD ECONOMIC SYSTEM

Author(s):  
Cindy Maharati

The world economic system has undergone various shifts and implementations in different parts of the world.There are types of economic systems that are free of rules and regulations and do not differentiate between individual and national goals, the nationalistic approach only seeks to maximize collective national interests by seizing people's rights for the sake of the state. individualistic allows the owners of capital to fight for their rights and pursue their personal interests. Islamic economic system appears to characterize the various economic systems. The purpose of this study To examine how the adoption and adaptation of the past and present leadership styles of the Prophet Muhammad in the Islamic economy through the world economic system. This research uses a qualitative analytic descriptive approach. The data collection was done by using the documentation study technique. Data analysis using qualitative analysis approaches and techniques. The results of this study conclude as follows: 1. The development and maintenance of an elusive 'dominant ideology' that is ultimately colored by continuous political conflict and is damaged by the global economy so that the global demand for labor is not fulfilled. The Muslim workforce will most likely prove attractive to capitalists, because Muslims are disciplined, reliable and totality so that the future of the capitalist economy is colored by an Islamic economy which is adopted and adapted from the guidance of the Prophet Muhammad. 2. Mainstream aggregation Neoclassical economics is unable to sincerely define, explain and apply ethical endogeneity derived from moral law in a sustainable manner, therefore a causal relationship between moral law, ethics, and the world system is only possible in the methodology of the Islamic worldview that has been implemented by the Prophet Muhammad SAW. 3. The change that modernity has been in line with social conflicts around Islam, namely, the rise of Islamic actors in the global economic system, and the decline of the bureaucracy which has experienced a shift in domination and social significance for modernity and nationalism towards Islamic reform as expressed in the Medina charter for example. 4. The nationalist economic system is a system that fails with their collective efforts to grapple with a new identity in the political and economic system such as the call for ethnopolitical solidarity, revealed two general themes of its depravity, namely the driving force of claims for equality and human dignity and the spread of the struggle to control dispossession and distribution of political and economic resources by the state. 5. The belief that Islamic economics does have the potential to make valuable contributions to economics as a normative science. Its implementation needs to broaden the conceptualization of an interest-free economy by going beyond the phases of apologetic practice and developing its own character.


2018 ◽  
Vol 8 (39) ◽  
pp. 50-56
Author(s):  
Tetyana Kalna-Dubinyuk ◽  
Olena Shapoval ◽  
Iryna Bolotina

The article presents the results of the study of the trends of globalization of the world economic system and the state of globalization of the Ukrainian economy from the standpoint of prospects for the further development of information and consulting technologies. Modern approaches to the use of information and consulting technologies in Ukraine are substantiated. The main trends of the development of information and consulting technologies on electronic digital platforms: the Internet, mobile applications, cloud technologies, etc. are analyzed. The use of information and consulting technologies for the formation of target audiences, expansion of the consumers' products, as well as acceleration of the promotion of brands in the conditions of functioning of the market system is shown.


2021 ◽  
Vol 33 (3) ◽  
pp. 145-161
Author(s):  
Michaeline A Crichlow ◽  
Dirk Philipsen

This special issue composed of essays that brainstorm the triadic relationship between Covid-19, Race and the Markets, addresses the fundamentals of a world economic system that embeds market values within social and cultural lifeways. It penetrates deep into the insecurities and inequalities that have endured for several centuries, through liberalism for sure, and compounded ineluctably into these contemporary times. Market fundamentalism is thoroughly complicit with biopolitical sovereignty-its racializing socioeconomic projects, cheapens life given its obsessive focus on high growth, by any means necessary. If such precarity seemed normal even opaque to those privileged enough to reap the largess of capitalism and its political correlates, the onset of the Covid-19 pandemic with its infliction of sickness and death has exposed the social and economic dehiscence undergirding wealth in the U.S. especially, and the world at large. The essays remind us of these fissures, offering ways to unthink this devastating spiral of growth, and embrace an unadulterated care centered system; one that offers a more open and relational approach to life with the planet. Care, then becomes the pursuit of a re-existence without domination, and the general toxicity that has accompanied a regimen of high growth. The contributors to this volume, join the growing global appeal to turn back from this disaster, and rethink how we relate to ourselves, to our neighbors here and abroad, and to the non-humans in order to dwell harmoniously within socionature.


2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Muhammad Kambali

The economic crisis that convolved the world economy a few years ago is the result of a series of government policies in the economic field. Starting from the Subprime Mortgage in America, the crisis eventually spreads across all sectors of the economy. As analysts say that the explosion of the current economic crisis is caused by the trend of low interest rates that are applied by the Fed. The trend of low interest rates will give rise to expectation of market to future economic situation. It is characterized by the overflow of capital expansion in all sectors, especially in property sector. Today, along with the growing mobility of capital from one country to another as part of unavoidable economic liberalization, mobility of capital, on the one hand, has spawned some of the imbalances in the life of a State. The powerlessness can not be separated from economic ideology and system on state role in the economy. Capitalism with its laissez faire brings the concept of state minimal role in the economy. In the empirical facts, it is broken by the crisis situation in 1930 and today's financial crisis. Socialism tends to carry the central role of the State in the economy through the centralistic planning system. The fall of the Soviet Union in the 1980s brought the world to a choice whether reconstructing capitalism or socialism as Fukuyama and Gidden said. On the other hand, as the new system, the economic system of Islam brings the concept of the role of the State in the economy on the basis of universal values of Islam, such as justice in the economy which is reflected in the mechanism of the prohibition of riba (usury), just income distribution and redistribution of income through zakat and social security. This article is an exposure of the State's role in the economy which is studied through the perspective of today’s economic system. The systems are capitalism, socialism, and Islam. The article not only explores conceptual framework, but also also contains an empirical framework mapping and how the conceptual framework is operated. At the end, from the two mapping (conceptual and empirical), author draws a reflection of how the State should play a role in the economic field. Keywords: Capitalism, Socialism, Islam, Economic Role of State


1989 ◽  
Vol 42 (1) ◽  
pp. 95-128 ◽  
Author(s):  
Wayne Sandholtz ◽  
John Zysman

Under the banner of “1992,” the European Communities aim to remove all barriers to the movement of persons, capital, and goods among the member countries. The 1992 movement comprises a set of bargains among European elites. Structural change (relative U.S. decline and Japanese ascent) provoked a rethinking of European roles and interests. The 1992 project emerged as a response because of: (1) the policy leadership exercised by the Commission of the European Communities, with support from a transnational business coalition; and (2) a changed domestic political context in several key countries—specifically, the failure of previous national economic strategies and the transformation of the left. The changes under way will alter regional business competition and politics and will affect the world economic system.


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