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Islam, Globalization, and Poverty Alleviation
Sulastyawati, Dwi
Sulastyawati, Dwi
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Abstract
This article analyses the Islamic perspective on poverty alleviation in globalization era. The author states that globalization that has the same meaning with internationalization, increasing integration and interdependence among nation, liberalization, and the global power rule over low power country. Globalization itself speeded up by the help of technology, deregulation, and media. It is also easily understood by free trade as it has the same characteristic with globalization. For instance, using dollar as the official currency for international transactions, so that dollar dominates in international transactions. As a result, the value of the debt of developing countries has increased due to the rising price of dollar. The increment of the debt value in developing countries led the government reduces subsidies for the community. Thus economic hardship perceived more and more for poor people. In Islamic perspective, the author states that Islamic economic system has its own system in alleviating poverty Trough zakat and waqf.
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2013-07
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With permission of the license/copyright holder