By Basheer A. Oshodi
Constructing economies akin to these in sub-Saharan Africa are searching for real looking financial coverage prescriptions. regardless of monetary progress in nations like Nigeria, poverty and unemployment blight the lives of many, in the course of lots. at the same time, a lot neo-classical financial suggestion is being puzzled opposed to the backdrop of worldwide monetary meltdown, giving upward push to inquiry approximately extra fundamental methods to sustainable development.In An essential method of improvement Economics, Basheer Oshodi examines modernization theories, dependency theories, global procedure theories and rising twenty first century monetary theories and hyperlinks a neo-modern mixture of fiscal concept with the practicalities of finance in elements of the realm the place poverty is rife. In a particularly African environment, over 1/2 the inhabitants are Muslims, Oshodi considers Islamic finance within the context of the triple history of indigenous tradition, Westernized Christianity, and Islam. He argues that the rules of Islamic banking and finance will be built-in with different components of that background, concentrating on assembly the demanding situations of poverty and unemployment. Islamic finance isn't just a religiously-oriented, Sharia-compliant, replacement monetary version. it might probably give a contribution to total socio-economic transformation and a much broader, people-centred method of monetary improvement. overseas businesses, monetary associations, reserve banks, coverage makers, donor organisations and scholars will locate resonance during this beneficial addition to Gower's Transformation and Innovation sequence.
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Additional info for An Integral Approach to Development Economics: Islamic Finance in an African Context
Many others remember and talk about my involvement in politics and government, and my ability to develop fair policies. I have been referred to in several academic and career decision-making discussions relating to future job opportunities. References from international organizations relating to research across the African triple heritage have been very consistent lately. People setting up business organizations of various sizes and in various fields also come to me for advice on developing value proposition and strategy.
2 9 My creative GENE within the integral GENE Source: Derived from Lessem et al. (2013). Effecting in the research field brings about innovation. Lessem and Schieffer assert that this empirical ‘doing’ of research and innovation follows being immersed in it in the first place, forming the visible and accessible knowledge branches, or know-how arising out of the research. Being original in this progressively emerging interpretation of the research field allows the building of a conceptual foundation for the researcher’s interpretation.
Hence, my GENE is lodged in the Integral Four Worlds framework, which is further grounded in nature and community, emerging through culture and spirituality, navigating via science and technology, and effecting through politics and economics. This model permeates this book, following the Eastern path of Renewal and ascending each of the four layers, and in particular Nigeria’s triple heritage. The story of my life is indeed the bedrock on which this book rests. This story of who I am within the context of the Nigerian state leads to the next chapter on economic development issues in Nigeria, which over time have been viewed quantitatively from the angle of economic growth.