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Showing posts with label developing. Show all posts
Showing posts with label developing. Show all posts

Thursday, June 14, 2012

Religion in the public sphere, Debate, NewAgeIslam.com

Debate
Religion in the public sphere
By K.N. Panikkar

Opposed to the modernisation-secularisation paradigm is the view that the influence of religion in the public sphere has not only not declined, but in fact, has increased. It is held by many scholars that the modernisation thesis has lost its validity in the contemporary world, as there are tendencies which suggest that there is a worldwide resurgence of religion. Such an impression is based on three factors: missionary expansion, fundamentalist radicalisation and the political instrumentalisation of the potential for violence. On the whole, although “data collected globally still provides surprisingly robust support for the defenders of secularisation thesis,” Professor Habermas terms secular societies as ‘post-secular’ in which “religion maintains a public influence and relevance.” At the same time, he held the view that “the secularist certainty that religion will disappear worldwide in the course of modernisation is losing ground.” It is not only that this expectation has not been realised, religion has emerged as a powerful influence in the public sphere all over the world. This is particularly so in India.

A national survey conducted by the Centre for Developing Societies, New Delhi, testifies to the growing influence of religion in Indian society. According to this survey, four out of 10 people are very religious and five out of 10 are religious. That is to say that 90 per cent of the respondents claimed to be religious — performing rituals, visiting places of worship and undertaking pilgrimages. Among them, 30 per cent claimed to have become more religious during the last five years. An increase in the number of religious institutions is also an indication of the greater hold of religion on society. Enlightenment and modernity in India have not led to the decline of the influence of religiosity. If anything, it has only increased.

http://newageislam.com/religion-in-the-public-sphere/debate/d/1787


Monday, June 4, 2012

Pakistan's agony, Islam and Politics, NewAgeIslam.com

Islam and Politics
Pakistan's agony
By Khalid Aziz
Sunday, August 03, 2008
In 1995, Stratfor, a private intelligence forecasting company, predicted that the next decade would be a period of increasing fragmentation and tension in the world despite unprecedented prosperity. The world in many ways would resemble the period from 1900-1914. The explanation lay in the co-relationship between prosperity and turbulence in the international system. When prosperity increases in the global system, it leads to integration of trade, thus creating dependency of developing countries upon the richer ones. Each state tries to influence and control the behaviour of other countries. This leads to increased political disturbance in countries which have happened to become the points of interest of the richer powers. On the other hand, developing states which lack both resources and skills need support of the richer nations for progress. Secondly the demography of the developing countries usually show a majority of the population within the youth range. This produces a demand to raise families and make people dependent on jobs. This could only be dealt with through economic growth.

Wednesday, May 23, 2012

Hong Kong opening up to Islamic finance, Current affairs, NewAgeIslam.com

Current affairs
Hong Kong opening up to Islamic finance
By Mushtak Parker

“We recognize that Islamic finance is one of the major growth areas in the financial services industry, and Hong Kong being an international financial center involved in financial intermediation activities, we feel that we need to provide a full suite of financial products to market participants round the world. And obviously if you don’t have Islamic finance you are missing a big market segment. Since the beginning of 2007, we have been talking to the market players about the opportunities, potential and the impediments in developing Islamic finance in Hong Kong. The market players came up with a very positive report, stressing that they see great potential in the Islamic finance sector.”

Due to the very rapid GDP growth in China over the last few years, which last year touched 11 percent to 12 percent per annum, Hong Kong’s economy has similarly benefited from this growth. In 2007, GDP growth in Hong Kong totaled six percent, although this year it is projected to slowdown slightly to four percent or five percent because of the uncertainty in the international financial markets due to the global credit crunch as a result of the subprime mortgage crisis in the US.

http://newageislam.com/-hong-kong-opening-up-to-islamic-finance/current-affairs/d/123