Wednesday, April 2, 2014

Epilogue to the article about economic development of Islamic countries (2)

The article writes that, many Muslims see the distribution of wealth in the world as unjust.
It is possible that some Muslims may see the continuing lack of Muslim economic success as partly a result of incompetence or corruption on the part of their governments.
The success of many East Asian countries, with their rapid economic growth, shows that it is possible to narrow the gap in living standards compared to western countries.
But many Muslims point to the failure of economic development in their countries as a failure of western policy.
They also see Western society as decadent, immoral, inequitable and as something they have no wish to emulate.
A return to Islamic values is seen as a solution. To what extent then is the relative poverty of Muslim countries self inflicted or caused by outside factors?
The author points that to investigate this firstly he needs to review some basic economic findings, the nature of economic development.

Also, needs to review the process of wealth creation and the role of Islam in this process.

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