THE ROLE OF ECONOMIC INSTITUTIONS ACCORDING TO FAZLUR RAHMAN

Economic thoughts of Fazlur Rahman, a Pakistani modernist scholar and philosopher, have been discussed and studied frequently by many researchers. However, not much has been done to examine his thought of economic institutions holistically. This present study is aimed to analyse the role of the economic institutions according to Fazlur Rahman in the light of the Qur’ān and the Sunnah. This study is a library-based research, which uses two methods, namely data collection and data analysis. Rahman’s ideas on economic institutions are aimed to ensure the progressiveness of human beings while facing contemporary challenges through true understanding of the Qur’ān and the Sunnah. This study concludes that Rahman genuinely intended to develop Muslim societies through the re-evaluation of the Qur’ān and the Sunnah in the modern context

Conclusion

Chapter 13 concludes the book. It first highlights some of the communal ethic’s advantages compared to standard utilitarian and Kantian moral theories, recalling how it uniquely grounds judgements such as: animals have a moral status, albeit one less than that of humans; persons have a dignity of a sort that plausibly explains why reducing their quality of life matters morally; and despite people’s dignity’s demanding impartial consideration, an agent has duties to do more for those who have been in relationship with her. Then, the chapter sketches three projects it would be sensible to undertake, supposing the book’s central ideas have been worth taking seriously. Whereas the book focuses on prescriptive matters pertaining to right action in interpersonal contexts, it is also worth considering how well communality describes morality, whether it grounds an attractive account of good character, and what it entails for justice in legal, political, and economic institutions.

Marketing strategy of wood production in Palopo

In natural forest management, efforts are made to increase the types of products so that natural forests can provide all types of results they contain for the welfare of the community. The needs of the timber industry and in accordance with the needs of the surrounding community to increase the production of wood from forests, both from natural forests and plantation forests, are adjusted to the ability of the forest to produce sustainably. The research aims to formulate what can be done to increase sales of wood production in finished form at UD. X based on market conditions. The condition of the company, the physical condition of the area, capital, market, facilities, and infrastructure and are expected to be information material for UD. X in preventing the problems faced, especially regarding the marketing of wood for the future. The data obtained will be analyzed by tabulation and percentage accompanied by descriptive analysis. The data analyzed by tabulation are the number of supporting industries and economic institutions, while those analyzed by tabulation and percentage are the origin of the workforce, the status of the workforce, and the education level of the workforce. Furthermore, for the preparation of a strategic plan, the data will be entered into a SWOT worksheet. SWOT analysis shows several conditions such as SO: Utilizing the location of X UD, which is quite strategic, and the availability of manpower where the placement is in accordance with the level of education that can support increasing sales, other regions can help with the provision of raw materials, institutions economy which also helps in borrowing capital, the demand for frames is quite high, the existence of IHPK, the existence of transportation and other supporting facilities and infrastructure, as well as the opening of local and foreign marketing opportunities. ST: Taking advantage of the strategic location of UD X and the availability of manpower where the placement is in accordance with the level of education will be able to prevent increasingly fierce competition among trading businesses and with higher products. WO: Efforts to improve the location were not through the promotion of the lack of capital conditions, economic institutions that help in providing capital, raw material providers, opening up local and foreign marketing, availability of IHPK, high demand for frames, and availability of transportation facilities and infrastructure that support activities. To increase the trading business of UD X, an organizational structure should be formed so that all activities are not only regulated by the leader. It is better to do promotions either through print or electronic media because promotion is a tool that can increase sales results and volume.

Turning Traditional Wisdom of Culture around: Making a Possible Transition to a Wiser World Driven by Culture of Wisdom Inquiry Real

In this article I discuss the problem of how we can change our world into a wiser world that is driven by a culture of wisdom inquiry (CWI), i.e., a world that frees humanity from a looming totalitarian catastrophe. How best can we interrogate the traditional wisdom of culture (TWC) that is responsible for the academic institutions of learning, among other kinds of institutions, dogmatically and solely aiming at the acquisition of knowledge and technological prowess (technologisches koennen), instead of the promotion of wisdom and human well-being? What kind of strategic transformations of institutional design, policy and goals within diverse institutions, particularly academic institutions of learning, regionally and globally, are imperative? This paper argues from the principle of universal interconnectedness across nature/universe and the fundamental asymmetry of human well-being interests and nature’s well-being interests. From this, the development of a culture of wisdom inquiry as an overarching (allumfassend) methodology of institutional change from within at two levels of analysis is proposed, viz., (1) at the level of the ecological–economic analysis of safeguarding nature’s abundant ecosystems from human greed; and (2) at the level of the transformation of the educational, academic and political–economic institutions, as well as international institutions, that must be dedicated to human well-being.

Historical memory and features of economic institutions in a multilanguage environment and multicultural society

The paper aims to substantiate the role of historical memory in formation of a certain economic culture that determines the specific nature of economic institutions in a multilanguage and multicultural society. Methodological background of research is based on neoinstitutional and civilizational approaches. Because of the chosen methodology, we study the economic institutions as the structures which include norms, traditions and thinking patterns (specific to a particular culture). It is justified that cultural factors related to confessional views, ethnic customs, political and economic traditions determine development, dynamics and structure of economic institutions of Russian society. It is also found that the failures of Russian economic modernization are largely due to underestimation of its civilizational specifics, multiculturalism and economic diversity.

Mapping of Potential Village-Owned Enterprises (BUMDes) for Rural Economic Recovery during the COVID-19 Pandemic in Central Java, Indonesia

For several years the Government of Indonesia has been initiating the growth of Village-Owned Enterprises (BUMDes), economic institutions that manage the village’s economic resources. The Central Java Provincial Government also provides incentives to establish BUMDes in most villages in Central Java. During the COVID-19 pandemic, some rural communities were affected, and the village economy stagnated. BUMDes is one of the village economic institutions that is expected to be able to drive the village economy in the era of the COVID-19 pandemic. This study aims to analyze the potential of BUMDes as a solution to handling the impact of the COVID-19 pandemic in rural areas, especially from an economic aspect in Centra Java. This type of research is descriptive with the main qualitative approach assisted by quantitative (mixed method). The research technique used was a survey involving 337 villages. Respondents came from elements of village officials and BUMDes managers. The instrument used was through online media (google form). Data analysis used descriptive statistical techniques in the form of means and percentages. The conclusion of this study shows that BUMDes has the potential to play a role in economic recovery, but this function is not yet optimal. because the business sector managed by BUMDes is not based on the village’s superior potential, as well as the lack of a business development concept, weak human resource and capital capacity, and lack of cooperation.