Globalization and Muslims

Hasan, Zubair (2020): Globalization and Muslims.

Abstract

This essay discusses the content and evolution of globalization as the blueprint for economic development to shape a new world order, and examine the consequences of that order for Muslim countries. Globalization is, in fact, the revitalization of the age long gospel of lasses faire or freedom of trade that helped the Europeans to colonize the vast tracts of land in other continents to capture their resources and markets. To continue dominating the freed developing economies for that very reason, designed is now a instrument called ‘globalization.’ The ideology, led by the US, stands on three pillars –privatization, internationalization and free movement of goods and capital across the borders. However, there has been a history of resistance to free trade movement the French had launched to counter mercantilist restrictions on trade hurting them. Free trade would benefit all, they contended. Fredrik List, a German economist, countered the contention as found it hurtful to his country. Economically weak must be protected against the powerful until developed. Protection emerged as a counter plea to freedom of trade. It was not the idea of globalization that hurt the Muslim countries so much as its aggressive thrusting on the weak. This essay discusses the content and evolution of globalization as the blueprint for economic development to shape a new world order, and examine the consequences of that order for Muslim countries. Globalization is, in fact, the revitalization of the age long gospel of lasses faire or freedom of trade that helped the Europeans to colonize the vast tracts of land in other continents to capture their resources and markets. To continue dominating the freed developing economies for that very reason, designed is now a instrument called ‘globalization.’ The ideology, led by the US, stands on three pillars –privatization, internationalization and free movement of goods and capital across the borders. However, there has been a history of resistance to free trade movement the French had launched to counter mercantilist restrictions on trade hurting them. Free trade would benefit all, they contended. Fredrik List, a German economist, countered the contention as found it hurtful to his country. Economically weak must be protected against the powerful until developed. Protection emerged as a counter plea to freedom of trade. It was not the idea of globalization that hurt the Muslim countries so much as its aggressive thrusting on the weak.

• Item Type: MPRA Paper
• Language: English
• Keywords: Globalization; Free trade; Protection; Muslim countries
• Subjects: Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology

References

Gide, C. and Rist, c. (1953): History of economic doctrines, London, George, G harper

Hasan, Zubair (2013) The new world order, Muslim predicament and the way out, Kuala Lumpur, The Journal of Muslim Unity, IIUM

Zubair Hasan (2014): Globalization development and Muslims, Kuala Lumpur, The Journal of Muslim Unity, IIUM

Robert, B. B. E. Jr. and Robert, F. Herbert (1997): History of economic theory and method, Fourth edition, London, McGraw Hills.