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An Integral Approach to Development Economics: Islamic by Basheer A. Oshodi

By Basheer A. Oshodi

constructing economies resembling these in sub-Saharan Africa are seeking real looking fiscal coverage prescriptions. regardless of monetary progress in nations like Nigeria, poverty and unemployment blight the lives of many, in the middle of lots. concurrently, a lot neo-classical fiscal notion is being wondered opposed to the backdrop of world fiscal meltdown, giving upward push to inquiry approximately extra critical methods to sustainable improvement. In An imperative method of improvement Economics, Basheer Oshodi examines modernization theories, dependency theories, international method theories and rising twenty first century fiscal theories and hyperlinks a neo-modern mixture of fiscal notion with the practicalities of finance in elements of the realm the place poverty is rife. In a in particular African environment, over half the inhabitants are Muslims, Oshodi considers Islamic finance within the context of the triple historical past of indigenous tradition, Westernized Christianity, and Islam. He argues that the foundations of Islamic banking and finance should be built-in with different components of that background, concentrating on assembly the demanding situations of poverty and unemployment. Islamic finance is not only a religiously-oriented, Sharia-compliant, substitute monetary version. it may give a contribution to total socio-economic transformation and a much wider, people-centred method of monetary improvement. foreign corporations, monetary associations, reserve banks, coverage makers, donor corporations and scholars will locate resonance during this invaluable addition to Gower’s Transformation and Innovation Series.

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