Author
Listed:
- Ali O. Balkanlı
(Istanbul University)
Abstract
Our article is made up of three parts. In the first part, we focused on the theoretical basics of the economic dimensions of Islam and the concepts of Islamic economies/societies are examined. It should be noted that Islamic economy is essentially a set of normative values; Islamic belief and life is the existence in the practise of life that finds existence in the world of the individual. It can not be assumed aprioriely that people will live in perfect norms, that is, in a world where people love the world?s goods and can not break the world's goods. Therefore, it would be unrealistic to expect to develop relationships by imposing norms on individuals and societies. Rather, it seems more realistic to try to develop economic relations between societies, based on the shared Islamic beliefs and belief-culture partnerships. Such an effort will mean an increase in social prosperity for these societies and develop future-connections of societies and states. In the second part of the article, we focused on Turkey and headed for research to find to connection between the foreign trade and politic relations of Turkey with Islamic countries. The research shows that in the common religional belief-culture, the relations developed by Turkey with the Islamic economies reflect the influence rapidly from foreign trade to production of the country. Some of the Islamic economies are oil exporters and have high funds, while others are on the path of industrialization, out of oil exporter. In fact, some of them (Malaysia and relatively Turkey) are not only industrialisating, but also live in remarkable developments in finance. In the third part of our article, in the context of country examples, we examined the problems and interconnections of Indonesia, Turkey and Malaysia and especially, to find common ways and possible answers for countries demanding funds and suplying funds of Islamic countries, within mutual benefits.
Suggested Citation
Ali O. Balkanlı, 2017.
"The Spiral of Growth-Foreign Trade-Capital Movements in Islamic Economies And Culture of Joint-Movement,"
Eurasian Business & Economics Journal, Eurasian Academy Of Sciences, vol. 11(11), pages 89-99, February.
Handle:
RePEc:eas:buseco:v:11:y:2017:i:11:p:89-99
DOI: 10.17740/eas.econ.2017-V11-06
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