ISLAMIC ECOENOMIC THOUGHT AND THE NEW GLOBAL ECONOMY

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CHAPRA M.U.

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Journal Paper

Paper Information

Journal: NAMEH-YE-MOFID Year:2002 | Volume:8 | Issue:3 (31 ECONOMICS) Page(s): 29-48

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Information Journal Paper

Title

ISLAMIC ECOENOMIC THOUGHT AND THE NEW GLOBAL ECONOMY

Author(s)

CHAPRA M.U.

Keywords

WORLD ECONOMYQ3

JUSTICEQ2

ISLAMQ2

Abstract

The paper examines the teachings of Qura'n and the Sunnah and the views of a number of classical Muslim scholars with respect to the unity of mankind and its implications for integration of the WORLD ECONOMY through increased specialization and division of labor and removal of restrictions on the free flow of goods, services, labor and capital. It then discusses the extent to which these teachings and views fit within the framework of the new Global Economy. It argues that the philosophy ingrained in ISLAMic teachings and the writings of Muslim scholars consider the promotion of JUSTICE to be indispensable for achieving the desired integration of the WORLD ECONOMY.
the paradigm of the New Global Economy, unfortunately, lacks this commitment to JUSTICE. Hence the resistance to globalization. The author argues that Muslim countries should, nevertheless, support globalization, but should simultaneously struggle for the injection of JUSTICE in its paradigm. This will, however, not be sufficient by itself. They should also strive for introducing greater JUSTICE in their own economies and also adopt a number of measures that would help them meet successfully the challenges of globalization.

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APA: Copy

CHAPRA, M.U.. (2002). ISLAMIC ECOENOMIC THOUGHT AND THE NEW GLOBAL ECONOMY. NAMEH-YE-MOFID, 8(3 (31 ECONOMICS)), 29-48. SID. https://sid.ir/paper/3498/en

Vancouver: Copy

CHAPRA M.U.. ISLAMIC ECOENOMIC THOUGHT AND THE NEW GLOBAL ECONOMY. NAMEH-YE-MOFID[Internet]. 2002;8(3 (31 ECONOMICS)):29-48. Available from: https://sid.ir/paper/3498/en

IEEE: Copy

M.U. CHAPRA, “ISLAMIC ECOENOMIC THOUGHT AND THE NEW GLOBAL ECONOMY,” NAMEH-YE-MOFID, vol. 8, no. 3 (31 ECONOMICS), pp. 29–48, 2002, [Online]. Available: https://sid.ir/paper/3498/en

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