Institutional values needed for transformative socio-economic development in the Muslim world
Other Title(s)
القيم المؤسسية اللازمة للتنمية الاقتصادية و الاجتماعية التحويلية في العالم الإسلامي
Author
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 30, Issue (s) (30 Apr. 2017), pp.17-35, 19 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2017-04-30
Country of Publication
Saudi Arabia
No. of Pages
19
Main Subjects
Economics & Business Administration
Islamic Studies
Topics
Abstract EN
There is a growing amount of literature that tries to explain what institutions are, how they are established and how they can be reformed for desired social and economic development.
This paper explores key institutional values needed for transformative socio-economic development in the Muslim world.
The paper begins by examining the role of uplifting institutional values found in the Golden Ages of the Muslim world and how they moved to the West.
It then presents new institutional economics as an effective tool to understand long-term development.
The paper adds a new layer to institutional economics literature by addressing the importance of hidden internalized institutional values (liberty, critical thinking, justice, rule of law, equality, participatory culture, accountability, competency, punctuality, and plurality) in explaining the socio-economic success of the West and failure of the Muslim world over the last few centuries.
The paper concludes with some developmental policy recommendations for Muslim countries based on these internalized institutional values.
American Psychological Association (APA)
Aydin, Najati. 2017. Institutional values needed for transformative socio-economic development in the Muslim world. Journal of King Abdulaziz University : Islamic Economics،Vol. 30, no. (s), pp.17-35.
https://search.emarefa.net/detail/BIM-759838
Modern Language Association (MLA)
Aydin, Najati. Institutional values needed for transformative socio-economic development in the Muslim world. Journal of King Abdulaziz University : Islamic Economics Vol. 30 (Apr. 2017), pp.17-35.
https://search.emarefa.net/detail/BIM-759838
American Medical Association (AMA)
Aydin, Najati. Institutional values needed for transformative socio-economic development in the Muslim world. Journal of King Abdulaziz University : Islamic Economics. 2017. Vol. 30, no. (s), pp.17-35.
https://search.emarefa.net/detail/BIM-759838
Data Type
Journal Articles
Language
English
Notes
Includes appendix : p. 34
Record ID
BIM-759838