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An Analysis with Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony

Year 2017, Volume: 4 Issue: 2, 55 - 82, 30.07.2017

Abstract




















Economic solutions,
systematic, political and institutional set-ups in Muslim countries cannot be
independent of capitalist order. Being worsened by the seigniorage of US
Dollar, “the middle-income trap” which has manifold definitions such as
inevitability of traditional production styles; lack of dissemination of
innovative, R&D intense and knowledge based production; and inability in
coping with efficient scale economies of high-income countries and competitive
production of relatively lower costs of low income countries has been
aggravated by seigniorage of US Dollar. In this study, with an approach of
İslamic point of view, the underpinning systematic basis of İslamic economics
is being searched with a comparative analysis of capitalism which is based on
dollar hegemony. With the reference to our assumption that in every society
economic policies and administrative regulations cannot be differentiated from
systematic and institutional basis, a multidisciplinary analysis is conducted
over economics, management and related Islamic jurisprudence. Our argument is
that since systematic basics of Islamic economics are valid and pervasive, its
results are more congruent, logical and beneficial in providing human happiness
and easing burden of worldly life. Therefore, in comparing western capitalism
that centralizes worldly life in primer focus by subjugating everything that
can serve material progress and capital accumulation as means of production or
productive relations, with İslamic system that takes world only as a temporary
place but worthwhile to the extent that it preserves life of the hereafter by
subjugating whatever exist as creature means relation of which should be based
on Divine consent. Hence, in İslamic order, any system cannot be valid for
itself and self-sufficiency, but rather for being a tool used for humanity that
search for eternal life through exerting material acquisitions and capital
accumulation for the sake of real needs.

References

  • Çayıroğlu, Y. (2014). İslâm İktisadının karakteristik özellİkleri. İslam Hukuku Araştırmaları Dergisi , 149-183. Ammendola, G. (2011). Exorbitant Privilege: The Rise & Fall of the Dollar & the Future of the International Monetary System (Book Review). American Foreign Policy Interests Vol.33 Issue.2 , 103-107. Ansari, M. (1994). İslamic Perspectives on Sustainable Development. The American Journal of Islamic Studies , 394–402. Aström, Z. H. (2011). Paradigm Shift for Sustainable Development: The Contribution of Islamic Economics. Journal of Economic and Social Studies , 73-84. Bose, P. (2007). ‘New’ Imperialism? On Globalisation and Nation-States. Historical Materialism, , 95–120. CIA. (2014). ciafactbook.com. the world factbook: https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html adresinden alındı Efe, A. (2015b). Orta Gelir Tuzağıyla Mücadelede Kalkınma Ajanslarının Rolü. Ankara Kalkınma Ajandası Dergisi, http://www.ankaraka.org.tr/dergi/#p=23 , 22-29. Efe, A. (2015). Türkiye'de Kalkınma Ajansları için Bir Yönetişim Modellemesi: COBIT-5. Ankara: TODAİE (Basılmamış Doktora Tezi). Girón, A. (2012). Crisis, Dollar and Shadow Financial System. Journal of Economic Issues, Vol. XLV I No. 2 , 511-520. Hung, H.-f. (2013). China: Saviour or Challenger of the Dollar Hegemony? Development & Change , 1341-1361. Ivanova, M. N. (2010). Hegemony and Seigniorage. International Journal of Political Economy, vol. 39, no. 1, Spring , 93–130. Jha, Y. (2013). Examining the Meta-Principles of Modern Economics and their Implications for Islamic Banking and Finance. Islamic Sciences, Vol. 11 , 169-181. KB. (2015, 08 28). yönetmelikler. mevzuat: http://www.mevzuat.gov.tr/Metin.Aspx?MevzuatKod=7.5.21107&MevzuatIliski=0&sourceXmlSearch=6550 adresinden alındı Khan, M. F. (2013). Theorizing Islamic Economics: Search for a Framework for Islamic Economic Analysis. Islamic Econ., Vol. 26 No. 1 , 203-236. Nakvi, N. H. (1985). Ekonomi ve Ahlak. İstanbul: İnsan Yayınları. Neumann, M. (2014). Seigniorage in the United States. researdh.stlouisfed.org: http://research.stlouisfed.org/publications/review/92/03/Seigniorage_Mar_Apr1992.pdf adresinden alındı Nienhaus, V. (2013). Method and Substance of Islamic Economics: Moving Where? Islamic Economics , 169-202. Norrlof, C. (2014). Dollar hegemony: A power analysis. Review of International Political Economy, V. 21, I. 5 , 1042-1070. Nursi, B. S. (1655). Lemalar. İstanbul: Envar Neşriyat. Nursi, B. S. (2002). Mektubat. İstanbul: Envar Neşriyat. Nursi, B. S. (1960). Sözler. İstanbul: Envar Neşraiyat. Pryor, F. L. (2007). The Economic Impact of Islam on Developing Countries. World Development , 1815–1835. Shittu, A. B. (2014). The Qur'anic worldview: A springboard for cultural reform. Intellectual Discourse , 239-242. Stokes, D. (2013). Achilles’ deal: Dollar decline and US grand strategy after the crisis. Review of International Political Economy , 1071-1094. Zaman, A. (2012). Crisis in Islamic Economics: Diagnosis and Prescriptions. Islamic Econ, n., Vol. 25 No. 1 , 143-166. Zoffer, J. (2012). Future of Dollar Hegemony. Harvard International Review, V.34, I. 1 , 26-29.

KAPİTALİZM VE DOLAR HEGEMONYASI ALTINDAKİ EKONOMİK SİSTEM ARAYIŞINA İSLAMİ PERSPEKTİFLE ANALİZ

Year 2017, Volume: 4 Issue: 2, 55 - 82, 30.07.2017

Abstract




















Müslüman ülkelerdeki ekonomik çözümlemeler, sistem,
politika ve kurumsallık boyutuyla tüm yapılanmalar batılı kapitalist düzenin
etkisinden kurtulamamaktadır. Bu çalışmamızda İslami bakış açısıyla sisteminin
dolar gücüne dayanan kapitalist hegemonya bağlamında İslam ekonomisi sistemi
incelenmektedir. Özellikle ABD dolarının karşılıksız ve bedelsiz senyoraj
avantajının diğer ülkelerde doların değişim ve rezerv para olarak
kullanılmasına bağlı olduğu ve bunun da orta gelir tuzağında bulunan ve Ar-Ge
ile yenilikçi teknolojilerle üretkenliklerini geliştirememiş olan ülkelere
karşı haksız bir rekabeti doğurduğu tespiti yapılmaktadır. İddiamız, İslam’ın
ekonomik sisteminin kapitalist sisteme göre insanın huzurunu sağlama ve
hayatını kolaylaştırma noktasında daha tutarlı, mantıklı ve yararlı sonuçlar
doğurduğudur. Ekonomi, iktisadi sistem ve İslam dini çerçevesinde yapılan
analizlerde çağdaş ve orijinal bir yaklaşıma sahip eserlerden yararlanılarak
maddeci sistemlere nazaran İslam iktisadi sisteminin ekonomik hükümleri tesis
etmedeki farklılıkları özet olarak ortaya konulmaktadır. Buna göre dünya
hayatını merkeze alarak diğer her şeyi dünyadaki maddi kazanımlar açısından
araçsallaştıran maddeci iktisadi sistemlere nazaran dünyayı, geçici dünya
hayatını ve bütün gereklerini ebedi olan ahiret hayatını kazanmak için bir araç
olarak görerek her iki hayatı da değerleri kadar önem veren İslami yaklaşımın
üstünlüğü ortaya konulmaktadır. Dolayısıyla İslami düzende sistemin kendisi
amaç değil, ahiret yolunda ebedi saadeti arayan insanlığın kurtuluşu için bir
araç olarak görülmekte ve bu araçla maddi kazanım ile sermaye birikimi
arzulanmadan bunlar insanlığın gerçek ihtiyaçları için kullanılmaktadır.  

References

  • Çayıroğlu, Y. (2014). İslâm İktisadının karakteristik özellİkleri. İslam Hukuku Araştırmaları Dergisi , 149-183. Ammendola, G. (2011). Exorbitant Privilege: The Rise & Fall of the Dollar & the Future of the International Monetary System (Book Review). American Foreign Policy Interests Vol.33 Issue.2 , 103-107. Ansari, M. (1994). İslamic Perspectives on Sustainable Development. The American Journal of Islamic Studies , 394–402. Aström, Z. H. (2011). Paradigm Shift for Sustainable Development: The Contribution of Islamic Economics. Journal of Economic and Social Studies , 73-84. Bose, P. (2007). ‘New’ Imperialism? On Globalisation and Nation-States. Historical Materialism, , 95–120. CIA. (2014). ciafactbook.com. the world factbook: https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html adresinden alındı Efe, A. (2015b). Orta Gelir Tuzağıyla Mücadelede Kalkınma Ajanslarının Rolü. Ankara Kalkınma Ajandası Dergisi, http://www.ankaraka.org.tr/dergi/#p=23 , 22-29. Efe, A. (2015). Türkiye'de Kalkınma Ajansları için Bir Yönetişim Modellemesi: COBIT-5. Ankara: TODAİE (Basılmamış Doktora Tezi). Girón, A. (2012). Crisis, Dollar and Shadow Financial System. Journal of Economic Issues, Vol. XLV I No. 2 , 511-520. Hung, H.-f. (2013). China: Saviour or Challenger of the Dollar Hegemony? Development & Change , 1341-1361. Ivanova, M. N. (2010). Hegemony and Seigniorage. International Journal of Political Economy, vol. 39, no. 1, Spring , 93–130. Jha, Y. (2013). Examining the Meta-Principles of Modern Economics and their Implications for Islamic Banking and Finance. Islamic Sciences, Vol. 11 , 169-181. KB. (2015, 08 28). yönetmelikler. mevzuat: http://www.mevzuat.gov.tr/Metin.Aspx?MevzuatKod=7.5.21107&MevzuatIliski=0&sourceXmlSearch=6550 adresinden alındı Khan, M. F. (2013). Theorizing Islamic Economics: Search for a Framework for Islamic Economic Analysis. Islamic Econ., Vol. 26 No. 1 , 203-236. Nakvi, N. H. (1985). Ekonomi ve Ahlak. İstanbul: İnsan Yayınları. Neumann, M. (2014). Seigniorage in the United States. researdh.stlouisfed.org: http://research.stlouisfed.org/publications/review/92/03/Seigniorage_Mar_Apr1992.pdf adresinden alındı Nienhaus, V. (2013). Method and Substance of Islamic Economics: Moving Where? Islamic Economics , 169-202. Norrlof, C. (2014). Dollar hegemony: A power analysis. Review of International Political Economy, V. 21, I. 5 , 1042-1070. Nursi, B. S. (1655). Lemalar. İstanbul: Envar Neşriyat. Nursi, B. S. (2002). Mektubat. İstanbul: Envar Neşriyat. Nursi, B. S. (1960). Sözler. İstanbul: Envar Neşraiyat. Pryor, F. L. (2007). The Economic Impact of Islam on Developing Countries. World Development , 1815–1835. Shittu, A. B. (2014). The Qur'anic worldview: A springboard for cultural reform. Intellectual Discourse , 239-242. Stokes, D. (2013). Achilles’ deal: Dollar decline and US grand strategy after the crisis. Review of International Political Economy , 1071-1094. Zaman, A. (2012). Crisis in Islamic Economics: Diagnosis and Prescriptions. Islamic Econ, n., Vol. 25 No. 1 , 143-166. Zoffer, J. (2012). Future of Dollar Hegemony. Harvard International Review, V.34, I. 1 , 26-29.
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Journal Section Makaleler
Authors

Ahmet Efe

Publication Date July 30, 2017
Submission Date July 30, 2017
Published in Issue Year 2017 Volume: 4 Issue: 2

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APA Efe, A. (2017). An Analysis with Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony. Journal of Economic Policy Researches, 4(2), 55-82.
AMA Efe A. An Analysis with Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony. JEPR. July 2017;4(2):55-82.
Chicago Efe, Ahmet. “An Analysis With Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony”. Journal of Economic Policy Researches 4, no. 2 (July 2017): 55-82.
EndNote Efe A (July 1, 2017) An Analysis with Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony. Journal of Economic Policy Researches 4 2 55–82.
IEEE A. Efe, “An Analysis with Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony”, JEPR, vol. 4, no. 2, pp. 55–82, 2017.
ISNAD Efe, Ahmet. “An Analysis With Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony”. Journal of Economic Policy Researches 4/2 (July 2017), 55-82.
JAMA Efe A. An Analysis with Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony. JEPR. 2017;4:55–82.
MLA Efe, Ahmet. “An Analysis With Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony”. Journal of Economic Policy Researches, vol. 4, no. 2, 2017, pp. 55-82.
Vancouver Efe A. An Analysis with Islamic Perspective over Economic Systems Seeking under Capitalism and Dollar Hegemony. JEPR. 2017;4(2):55-82.