The Idea of Islamic Economic Co-operation in Contemporary Perspectives

Masudul Alam Choudhury
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Masudul Alam Choudhury: University College of Cape Breton

Chapter 4 in Islamic Economic Co-operation, 1989, pp 66-93 from Palgrave Macmillan

Abstract: Abstract The idea of Islamic economic co-operation is based on a structural development concept in which the monetary and fiscal policies of nation states interrelate to create productive transformation and attainment of distributive equity is made a central goal of these policy mixes. Accordingly, the ideas of economic interdependency and mutuality of interests, as currently stated in the literature, are foreign to the idea of Islamic economic co-operation.1 The essence of this approach lies in the nature and philosophical foundations of Islamic economics in general, in which economic co-operation at every level plays the central role as an institutional goal-oriented instrument.

Keywords: Capital Good; Islamic Bank; Islamic Country; Contemporary Perspective; Equity Project (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09902-3_4

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DOI: 10.1007/978-1-349-09902-3_4

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