This text explains how various issues in the field of globalization relate to developing countries in general and Muslim countries in particular. It discusses various dimensions - economic, political, technological, and cultural - of globalization and highlights both the positive as well as the negative aspects in each area. By providing an Islamic Perspective on various aspects of the emerging world order via globalization, it opens the doors of discussion and dialogue among various cultures. Such dialogue will lead to better understanding and mutual knowledge sharing, which will be to the advantage of both sides. The text also highlights the reasons why a very large number of countries, and a large proportion of the world population, view globalization with suspicion despite many of its positive aspects. Another important issue discussed in the text is poverty in Muslim countries. The text provides useful insights into the extent, reasons and the impact of poverty in these countries and gives policy recommendations for its alleviation.
Introduction; M.Iqbal
Globalization: Islamic Perspectives, Challenges and Prospects; K.Ahmad
The Implications of Globalization for Islamic Finance; R.Wilson
New International Economic Order and Its Effects on the Development of Muslim Countries; T.Azid, M.O.Chaudhury, M.Ariff & M.Çizakça
Population Pressure, Savings, Investment and Growth in the Islamic World; H.Pirasteh, F.Karimi, M.R.Akhtar & A.Zaman
Corruption and Development: An Islamic View; Y.K.Al-Yousif, F.R.Faridi & M.Sakr
Poverty in Nigeria: Towards an Islamic Solution; S.A.Gusau & E.M.Nur
MUNAWAR IQBAL is Chief of Research in Islamic Banking and Finance at the Islamic Development Bank, Jeddah, the largest Islamic financial institution in the world. He has served as Economic Adviser to the Al-Rajhi Banking and Investment Corporation, Saudi Arabia, the largest Islamic commercial bank in the world. He has also served as Director at the International Institute of Islamic Economics at the Islamic University in Islamabad, Pakistan. He has taught there and at McMaster and Simon Fraser Universities in Canada and has published and edited many books and papers in the area of Islamic Banking.
HABIB AHMED is Economist at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank. Before joining the IRTI in February 1999, he taught at the University of Connecticut, USA, Eastern Connecticut State University, USA, National University of Singapore, and University of Bahrain. He has published articles in international refereed journals such as Applied Economics, Applied Economics Letters, Contemporary Economic Policy, Economics Letters, Journal of Economics and Business, Journal of International Trade and Economic Development and Savings and Development. His current research interests are Islamic Economics and Finance.
Description
This text explains how various issues in the field of globalization relate to developing countries in general and Muslim countries in particular. It discusses various dimensions - economic, political, technological, and cultural - of globalization and highlights both the positive as well as the negative aspects in each area. By providing an Islamic Perspective on various aspects of the emerging world order via globalization, it opens the doors of discussion and dialogue among various cultures. Such dialogue will lead to better understanding and mutual knowledge sharing, which will be to the advantage of both sides. The text also highlights the reasons why a very large number of countries, and a large proportion of the world population, view globalization with suspicion despite many of its positive aspects. Another important issue discussed in the text is poverty in Muslim countries. The text provides useful insights into the extent, reasons and the impact of poverty in these countries and gives policy recommendations for its alleviation.
Contents
Introduction; M.Iqbal
Globalization: Islamic Perspectives, Challenges and Prospects; K.Ahmad
The Implications of Globalization for Islamic Finance; R.Wilson
New International Economic Order and Its Effects on the Development of Muslim Countries; T.Azid, M.O.Chaudhury, M.Ariff & M.Çizakça
Population Pressure, Savings, Investment and Growth in the Islamic World; H.Pirasteh, F.Karimi, M.R.Akhtar & A.Zaman
Corruption and Development: An Islamic View; Y.K.Al-Yousif, F.R.Faridi & M.Sakr
Poverty in Nigeria: Towards an Islamic Solution; S.A.Gusau & E.M.Nur
Authors
MUNAWAR IQBAL is Chief of Research in Islamic Banking and Finance at the Islamic Development Bank, Jeddah, the largest Islamic financial institution in the world. He has served as Economic Adviser to the Al-Rajhi Banking and Investment Corporation, Saudi Arabia, the largest Islamic commercial bank in the world. He has also served as Director at the International Institute of Islamic Economics at the Islamic University in Islamabad, Pakistan. He has taught there and at McMaster and Simon Fraser Universities in Canada and has published and edited many books and papers in the area of Islamic Banking.
HABIB AHMED is Economist at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank. Before joining the IRTI in February 1999, he taught at the University of Connecticut, USA, Eastern Connecticut State University, USA, National University of Singapore, and University of Bahrain. He has published articles in international refereed journals such as Applied Economics, Applied Economics Letters, Contemporary Economic Policy, Economics Letters, Journal of Economics and Business, Journal of International Trade and Economic Development and Savings and Development. His current research interests are Islamic Economics and Finance.
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