Wednesday, September 14, 2016

Islamic economic system: from principles to microeconomics and macroeconomics fields (66)

Continuation
Al-Tartusi indicated to a phenomenon which the contemporary world has been facing.
On the one hand, in the national economic level economic backwardness leads to:
o   political instability;
o   poor national defense;
o   politico-economic dominance of the super power.
On the other hand, economic power leads to:
o   political strength;
o   control;
o   dominance;
o   and external security
of a nation.


Used from paper of Abdul Ghafar Ismail and  Noraziah Che Arshad

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