Socialist Economic Development in the 21st Century

Over a hundred years after the first socialist revolution broke the global monopoly of capitalism, a new class of socialist-oriented socioeconomic development is coming to the fore. Capitalism is still dominant worldwide, although its hegemony is no longer undisputed, and humankind is now faced with a key existential challenge. This book proposes an alternative path to overcoming the worldwide crisis of globalized capitalism. It offers a novel, balanced, and historically rooted interpretation of the successes and failures of socialist economic construction throughout the last century.

STUDI KOMPARASI POSISI ETIKA BISNIS ISLAM DALAM BERBAGAI SISTEM EKONOMI

ABSTRAKEtika bisnis menjadi alat kendali bagi setiap individu dalam aktivitas ekonomi. Sistem ekonomi islam telah muncul jauh sebelum sistem ekonomi kapitalis, sosialis maupun sistem ekonomi pancasila berada. Namun dalam hal ini sebagian besar masyarakat telah banyak menganut sistem ekonomi kapitalis dan sosialis, dimana kurangnya kesejahteraan bersama sehingga keuntungan hanya dirasakan oleh penguasa saja. Penelitian ini bertujuan untuk melakukan studi komparatif terhadap sistem ekonomi islam, sehingga diharapkan dapat terus berkembang bagi kemaslahatan seluruh umat Islam. Metode penelitian yang digunakan yaitu metode deskriptif kualitatif dengan memanfaatkan kajian dan studi literatur dari berbagai sumber. Hasil dan pembahasan menyatakan bahwa etika bisnis islam telah berkembang sejak zaman Nabi dan Rasul, jauh sebelum zaman modern muncul yang telah mengubah masyarakat untuk mengenal sistem ekonomi kapitalis, sosialis maupun sistem ekonomi pancasila. Maka secara filosofis sistem ekonomi islam bersifat universal, kepemilikan harta dalam mutlak milik Allah Swt dan sistem ekonomi islam mengedepankan prinsip maslahat bagi seluruh umat di dunia.ABSTRACTBusiness ethics becomes a control tool for every individual in economic activity. The Islamic economic system has emerged long before the capitalist, socialist and Pancasila economic systems exist. However, in this case, most people have embraced a capitalist and socialist economic system, where there is a lack of shared welfare so that the benefits are only felt by the rulers. This study aims to conduct a comparative study of the Islamic economic system, so that it is expected to continue to develop for the benefit of all Muslims. The research method used is descriptive qualitative method by utilizing studies and literature studies from various sources. The results and discussion state that Islamic business ethics has developed since the time of the Prophet and the Apostle, long before modern times emerged which have changed society to recognize the capitalist, socialist and Pancasila economic system. So philosophically, the Islamic economic system is universal, ownership of property in absolute terms belongs to Allah and the Islamic economic system puts forward the principle of benefit for all people in the world.

Performance Evaluation of Chinese Commercial Banks Based on the Malmquist Index

Commercial banks have the function of promoting the raising and rational distribution of funds in economic construction in China. Commercial banks are also important in promoting the smooth development of socialist economic activities and the development of national economy and other socialist productive economic activities. At present, one of the biggest difficulties faced by China's commercial banks is the improvement of their efficiency and competitiveness in the face of continuous development and change. This paper establishes the efficiency evaluation model of commercial banks using the DEA-based Malmquist index; it also uses a data envelopment analysis (DEA) to analyze the financial data of nine listed banks in China from 2011 to 2020, studies the efficiency of commercial banks in China, and finds the efficiency differences. Based on empirical research, this paper puts forward corresponding suggestions. The research shows that the key to dealing with this situation depends on the banks’ effective utilization of scientific and technological innovation and technological progress. In order to achieve the goal of innovative and sustainable development of commercial banks, it is necessary to integrate the continuous developments of science and technology with finance.

Some thoughts on establishing the theoretical system of socialist political economics with Chinese characteristics

PurposeIt is scholars' great mission in this era to creatively develop new implications, paradigms and discourses of China's political economy and establish a theoretical system of political economy with Chinese characteristics based on the fundamental principles of Marxist theory and the practice and historical process of Chinese economic reform, through theorizing and systemizing the practices of China's socialist market economy construction. The purpose of this paper is to give some suggestions to establish a socialist theoretical system with Chinese characteristics.Design/methodology/approachThis paper makes a comprehensive analysis of the principles, objectives, study objects, methodologies as well as the framework of the theoretical system of the political economy with Chinese characteristics.FindingsAdditionally, starting from the unity of opposites between public ownership of resources and resource allocation in a market mechanism, which is the fundamental dialectical relation of China's socialist market economy, the authors will adopt the dual dialectical analysis approach to discover and understand the duality features of the socialist economic system with Chinese characteristics.Originality/valueWith adherence to the mission of China's socialist economic system, the goal of China's market economic reform, and the perspectives of Marxist political economy, the authors must explicitly define the so-called Chinese characteristics and then summarize the dynamics and innovations during the evolution of Chinese socialist political economy with high theory confidence and theory self-consciousness.

Inflasi Berdasarkan Pandangan M. Umer Chapra

According to Islamic economists, inflation has very bad effect on the economy because it disruptions of money function, weakens of saving’s spirit, decreases the production of goods, and weakens of purchasing power. Inflation also attracted the attention of M. Umer Chapra as a Muslim economist. This study to analyze M. Umer Chapra's opinion on inflation. This research with qualitative approach of historical research, which examines history of the character which includes ideas, thoughts, and things that influence the formation of his thoughts. Data collection methods is using library research with the object about Chapra’s thoughts relating to inflation, traced through his works. Chapra thought is a blend of traditional science, religion and modern economics. The results concluded that his thinking was dominated by macroeconomics because he was involved in the world economy, monetary policy, Islamic financial institutions which were more emphasized by the central bank, policies and inflation problems. Chapra's view of efforts to suppress inflation is the need for price stability and strategy. The disadvantage is that in a tolerant attitude towards western financial instruments, it must emphasize moral improvement for the course of fair economy as the solution to the failure of the capitalist and socialist economic systems.

Socialist Regimes and Economic Planning

Between 1950 and the mid-1980s, several African countries adopted socialist systems of government. In the first decades of independence, socialism appealed to some African leaders both as a political ideology and as an economic system. Socialism represented the promise of a new anti-imperial, revolutionary, and independent path to national and continental development. The socialist policies adopted in African countries included centralized state control of the economy, collectivization of land and agriculture, the nationalization of key sectors of the economy, and public sector–led social development. From Ghana to Algeria, and from Tanzania to Egypt, these socialist policies brought significant economic and social changes with mixed results. The end of the Cold War in the 1990s, and the wave of pro-democracy movements that followed, signaled the end of socialist experimentation in Africa. However, the legacies of socialist economic planning persist across the continent.

Justification of the Planned Financing in the Area of Higher Professional Education

Planning of receipts and payments is an important element in the work of a higher education institution.The documentary basis of the research is based on domestic methods and documents for justifying planned revenues and expenditures, which are typical for the socialist economic system, the market economy of estimated and normative per capita financing. Separate indicators of General and financial and economic characteristics of financing justifications are systematized in the form of tables. The assessment of changes by group is used to determine the direction of development of the financing justification.

Higher accounting education curriculum development: evidence from Tunisia

Purpose This paper aims to trace the process of setting up and developing the higher accounting education curriculum in Tunisian public institutions, stressing the period 1956–1981. Further, this study intends to highlight specificities of the Tunisian context during this period, focusing on the main roles of the Tunisian State and some key actors. Design/methodology/approach This study is based on a historical approach. Two complementary methodologies were used, mainly, documentary study and semi-directive interviews with key actors heavily involved in higher education. The critical accounting framework and Foucault’s power-knowledge relationship were mobilized to this end. Findings The paper provides a general overview of higher accounting education in the Tunisian context, focusing on three specific periods. First, in the post-independence period (1956–1960), higher accounting education was a very underdeveloped French heritage. Second, during the 1960s, the Tunisian State focused on institutional and structural measures to set up the initial foundation. Those measures were impacted by the Tunisian socialist economic system, the development of capital human and the cultural French influence, at once. Third, the 1970s were essentially marked by the role of university-scholars and professional-accountants to set up a higher accounting curriculum. The market-oriented economy and the higher social equity are assumed to influence the above-mentioned setting-up. The culmination of this extending process was the unification and publication of the first official program of accounting studies, at the start of 1981. Originality/value To the best of the authors’ knowledge, this study is the first attempt to trace the process of setting up and developing of higher accounting education curriculum in Tunisia. This study contributes to a better understanding of this process, shedding some light on the specificities of the Tunisian context during the period 1956 to 1981.

Dynamics of Cultural and Educational Processes of National Minorities of Transcarpathia of the Second Half of the 20th Century

The article analyses the dynamics of ethnic composition and ethnic processes in Transcarpathia in the second half of the 20th century, as well as ethno-cultural processes of national consolidation of Ukrainians of the region as part of the Ukrainian nation. The paper evaluates the practice of the Soviet state and the ideology of the Communist Party of the Soviet Union (CPSU) to determine the nature, content and directions of all ethno-national and ethno-cultural policies in Transcarpathia. While researching the consolidation processes of Transcarpathian Ukrainians as part of the Ukrainian nation, the authors showed that the development of the traditions of Ukrainian national culture was seen in the environment of the creative intelligentsia and the majority of the people as an alternative to ideological communication. It is justified that the main goal of the communist authorities in Transcarpathia in 1945-1991 was to establish socialist, economic, political and ideological regime in the region. In order to accelerate this process, a Russian (Russian-speaking) national minority was hastily created in the region by the state authorities, which, having occupied leading political, ideological and economic positions, became a reliable support for the new communist regime. The article analyses the dynamics of ethnic composition and ethnic processes in Transcarpathia in the second half of the 20th century, as well as ethno-cultural processes of national consolidation of Ukrainians of the region as part of the Ukrainian nation. The paper evaluates the practice of the Soviet state and the ideology of the Communist Party of the Soviet Union (CPSU) to determine the nature, content and directions of all ethno-national and ethno-cultural policies in Transcarpathia. While researching the consolidation processes of Transcarpathian Ukrainians as part of the Ukrainian nation, the authors showed that the development of the traditions of Ukrainian national culture was seen in the environment of the creative intelligentsia and the majority of the people as an alternative to ideological communication. It is justified that the main goal of the communist authorities in Transcarpathia in 1945-1991 was to establish socialist, economic, political and ideological regime in the region. In order to accelerate this process, a Russian (Russian-speaking) national minority was hastily created in the region by the state authorities, which, having occupied leading political, ideological and economic positions, became a reliable support for the new communist regime.