Preview

MGIMO Review of International Relations

Advanced search

MUSLIM POLE OF THE WORLD ECONOMY AND THE GENIE OF GLOBALIZATION

https://doi.org/10.24833/2071-8160-2018-4-61-55-77

Abstract

The article explores a process of gradual consolidation of disparate set of Muslim economies into an increasingly influential, though internally contradictory center of geo-economic and geopolitical gravity in contemporary multipolar world. It uses a theory developed by the authors explaining the patterns of formation and succession of models of global economic development. The article builds upon this theory by testing quantitative and qualitative parameters of the process on a specific geo-economic case.

The contemporary developments within the economic basis of the Muslim pole and the practical requirements of economic analysis reveals the need for categorical correction and refinement of political economy. Two following terms «Muslim economy» and «Islamic economy» must be differentiated. «Muslim economy» is a civilizational form of national economies in Muslim countries and an integral part of the global economy, including both the economic life and welfare of the global Muslim population and the economic potential, sustainability and the ability for self-development of the economies of Muslim states. «Islamic Economy» is an economy that implements in practice the primacy of Shariah norms over conventional market norms, procedures and mechanisms. Both of them constitute important material conditions for sustaining the Muslim civilizational identity

In recent academic literature political, legal and religious aspects of Muslims upholding their identity have been sufficiently researched. In contrast the process of Muslim’s world achieving a new qualitative status of a global economic power center (not to speak about its competition with other old and new powers for a place within a new global economic order), is practically absent from the Russian and international research.

The authors propose a vision of a new quality of Muslim economies in the global balance of power, in emerging model of the global world order, in financial globalization and global governance – the gradual consolidation of the Muslim world. The article argues that this process is still very far from reaching mature forms. Today it is hardly possible to reliably predict specific configurations of the future self-organization of the «Muslim pole» in the polycentric world and the nature of its influence on specific issues of the global world order. However, the point of no return is already passed, and the painful and contradictory process of development of such a center is unlikely to stop.

About the Authors

L. L. Fituni
Institute for African Studies of the Russian Academy of Sciences People’s Friendship University of Russia
Russian Federation

Corresponding member of the Russian Academy of Sciences, Dr.Sc. (Economics), Professor; Deputy Director, Institute of African Studies, Russian Academy of Sciences;

Professor PFUR,

Moscow, 123001, Spiridonovka str., 30/1



I. O. Abramova
Institute for African Studies of the Russian Academy of Sciences People’s Friendship University of Russia
Russian Federation

Corresponding member of the Russian Academy of Sciences, Dr.Sc. (Economics), Sciences, Professor; Director of the Institute of African Studies; member of the Presidium of the Russian Academy of Sciences;

Professor PFUR,

Moscow, 123001, Spiridonovka str., 30/1



References

1. Bekkin R.I. Islamskaya ekonomicheskaya model’ i sovremennost’ [Islamic economic model and modernity]. Moscow, Institute of African Studies, RAS, 2010. 348 p. (In Russian).

2. Zhdanov N.B. Islamskaya kontseptsiya miroporyadka [Islamic concept of the world order]. Moscow, Mezhdunarodnye otnosheniia Publ., 2003. 568 p. (In Russian).

3. Zhuravlev A.Yu. Kontseptual’nyye osnovy musul’manskoy ekonomiki [Conceptual foundations of the Muslim economy]. Ed. by Bekkin R.I. Islamskiye finansy v sovremennom mire. Ekonomicheskiye i pravovyye aspekty [Islamic finance in the modern world. Economic and legal aspects]. Moscow, Ummha Publ., 2004. Pp. 5-37. (In Russian).

4. Ignatova T.V., Podol’skaya T.V. Vozmozhnosti global’nogo upravleniya mirovoy finansovoy sistemoy: realii i perspektivy [Possibilities of global management of the world financial system: realities and prospects]. Vek globalizatsii, 2014, no. 2 (14), pp. 119 – 128 (in Russian).

5. Islam v mirovoy politike v nachale XXI veka [Islam in world politics at the beginning of the XXI century] / Ed. by L.M. Efimova, M.A. Sapronova. Moscow, MGIMO-University Publ., 2016. 345 p. (In Russian).

6. Islamskiye finansy v sovremennom mire. Ekonomicheskiye i pravovyye aspekty» [Islamic finance in the modern world. Economic and legal aspects]. Ed. by Bekkin R.I. Moscow, Ummah Publ., 2004. 273 p. (In Russian).

7. Kudryashova I.V. Musul’manskaya politicheskaya identichnost’: yedinstvo i raznoobraziye [Muslim poliical identity: unity and diversity] // Identichnost’: Lichnost’, obshchestvo, politika. Entsiklopedicheskoye izdaniye [Identity: Personality, society, politics. Encyclopedic Edition]. Ed. by I.S. Semenenko. Moscow, Ves’ mir Publ., 2017. Pp. 228-241. (In Russian).

8. Kuznetsov A.V. Islamskiye finansy i ikh spetsifika v Yevrope [Islamic finance and its specifics in Europe]. Mirovaia ekonomika i mezhdunarodnye otnosheniia, 2017, no. 61(12), pp. 52-62. (In Russian).

9. Podberezkin A.I., et al. Mir v XXI veke: prognoz razvitiya mezhdunarodnoy obstanovki po stranam i regionam [The world in the XXI century: the forecast of the development of the international situation by countries and regions]. Moscow, MGIMO Publ., 2018. 768 p. (In Russian)

10. Podberezkin A.I., Rodionov O.Ye., Kharkevich M.V. Strategicheskiy prognoz razvitiya otnosheniy mezhdu lokal’nymi chelovecheskimi tsivilizatsiyami v Yevrazii. Analiticheskiy doklad [Strategic forecast of the development of relations between local human civilizations in Eurasia. Analytical report] Moscow. MGIMO Publ., 123 p. (In Russian)

11. Primakov Ye.M. Vyzovy i al’ternativy mnogopolyarnogo mira: rol’ Rossiyu [Challenges and alternatives to a multipolar world: the role of Russia]. Moscow, ID MGU Publ., 2014. 320 p. (In Russian)

12. Rossiya v politsentrichnom mire [Russia in a polycentric world]. Ed. by Dynkin A.A. Ivanova N.I. Institute of World Economy and International Relations. Moscow, Ves’ Mir Publ., 2011. 511 p. (In Russian)

13. Simoniya N.A., Torkunov A.V., Novyy mirovoy poryadok: ot bipolyarnosti k mnogopolyusnosti [New world order: from bipolarity to multipolarity]. Polis. Politicheskiye issledovaniya - Polis. Political studies, 2015, no. 3, pp. 27-37. (In Russian)

14. Syukiyaynen L.R. Islamskaya pravovaya mysl’ o globalizatsii i perspektivakh politicheskogo reformirovaniya musul’manskogo mira [Islamic legal thought about globalization and prospects of political reforming of the Muslim world]. Politiya: Analiz. Khronika. Prognoz (Zhurnal politicheskoy filosofii i sotsiologii politiki -Journal of Political Philosophy and Sociology of Politics, 2007, no. 4, pp. 76-89. (In Russian)

15. Torkunov A.V. Novyy mirovoy poryadok: ot bipolyarnosti k mnogopolyusnosti [New world order: from bipolarity to multipolarity]. Politicheskaya nauka pered vyzovami global’nogo i regional’nogo razvitiya [Political science before the challenges of global and regional development]. Moscow, Aspekt-Press Publ., 2016. Pp. 204-215. (In Russian)

16. Fituni L.L Islamskiye finansy v postsovetskikh «vostochnykh obshchestvakh [Islamic Finance in Post-Soviet “Eastern Societies”]. Uchenye zapiski Instituta Afrii RAN - Journal of the Institute for African Studies, 2017, no. 1 (38), pp. 124-131 (In Russian).

17. Fituni L.L. Smena modeley mirovogo razvitiya i global’noye upravleniye v tsivilizatsionnom izmerenii [Change of patterns of world development and global governance in the civilizational dimension]. Vostok. Afro-Aziatskiye obshchestva: istoriya i sovremennost’ - Oriens. Afro-Asian societies: history and modernity, 2013, no. 4, pp 18-29 (In Russian).

18. Fituni L., Abramova I. Patterns of Formation and Transition of Models of Global Economic Development. African Studies in Russia: Works of the Institute for African Studies of the Russian Academy of Sciences, African Books Collective. MEA Books, Canada. 2014. Pp. 5-24.

19. Fituni L.L., Abramova I.O. Negosudarstvennyye i kvazigosudarstvennyye aktory Bol’shogo Blizhnego Vostoka i problema «yevrodzhikhadizma» yevropeyskoye litso ekstremistskoy ugrozy [Non-state and quasi-state actors of the Greater Middle East and the problem of “Eurojihadism”: European face of an extremist threat]. Aziya i Afrika segodnya - Asia and Africa today, 2015, no. 11, pp. 2-11 (in Russian).

20. Fituni L.L., Abramova I.O. Fenomen “vostochnogo obshchestva” v sovremennoy Yevrope: paradigmy, vyzovy, prognozy [The Phenomenon of “Eastern Society”]. Sovremennaya Evropa - Contemporary Europe: Paradigmes, Challenges, Forecasts, 2017, no. 76 (4), pp. 5-16 (in Russian).

21. Abramova I., Fituni L. Russia, BRICS and the global supply chain of resources for development. Laying the BRICS of a New Global Order: From Yekaterinburg 2009 to Ethekwini 2013. Pretoria, 2014. Pp. 136-153.

22. Neoliberal Governmentality and the Future of the State in the Middle East and North Africa. Ed. by E.Akçali. London and New York, Palgrave Macmillan Publ., 2016. 231 p.

23. Ali A. Organizational development in the Arab world. Journal of Management Development, 1996, vol. 15, no. 5, pp. 4-21.

24. Inglehart R. Modernization and Postmodernization. Cultural, economic, and political change in 43 societies. Princeton, Princeton University Press Publ., 1997. 464 p.

25. Islam in the 21st Century. Ed. by G.H. Franco and S.L. Cervantes. New York, Nova Science Publ., 2011. 194 p.

26. Islamic Economics. Critical Concepts in Economics. Vol. 1-2. Ed. by Shafiq Algi and Amer Al-Roubaie. Abingdon, Oxon, New York, Routledge Publ., 2014. 1872 p.

27. Huntington, Samuel P. The Clash of Civilizations and the Remaking of World Order. New York, Simon & Schuster Publ., 1996. 166 p.

28. Noland M. Religion, Culture, and Economic Performance. Institute for International Economics Working Paper 2003, no. 03-8. Washington, Institute for International Economics Publ., 2003. 57 p.

29. Power Relations in the Twenty-first century: mapping a multipolar world? Ed. by D. Murray and D.Brown. Abingdon, Oxon, New York, Routledge Publ., 2018. 225 p.


Review

For citations:


Fituni L.L., Abramova I.O. MUSLIM POLE OF THE WORLD ECONOMY AND THE GENIE OF GLOBALIZATION. MGIMO Review of International Relations. 2018;(4(61)):55-77. (In Russ.) https://doi.org/10.24833/2071-8160-2018-4-61-55-77

Views: 874


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 2071-8160 (Print)
ISSN 2541-9099 (Online)