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The Idea of Islamic Economic Co-operation in Contemporary Perspectives

In: Islamic Economic Co-operation

Author

Listed:
  • Masudul Alam Choudhury

    (University College of Cape Breton)

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.

Suggested Citation

  • Masudul Alam Choudhury, 1989. "The Idea of Islamic Economic Co-operation in Contemporary Perspectives," Palgrave Macmillan Books, in: Islamic Economic Co-operation, chapter 4, pages 66-93, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-09902-3_4
    DOI: 10.1007/978-1-349-09902-3_4
    as

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