Is the West better than China?

A quarter century ago, few predicted that China would become as powerful as quickly as it has and is today. Indeed, the 2000 Central Intelligence Agency (CIA) Global Trends 2015 report argued that China would fail to sustain high economic growth, “the influence of Communism and authoritarianism weakens,” the Chinese...

Islamic banking and 'fundamentalist economy' paradigm

Institutional capture, poor governance, and financial plunder now characterise Bangladesh's Islamic banking sector. While there are many reasons for this, including the collapse of banking systems and poor regulatory oversight, the intellectual and political roots run much deeper. The so-called "Fundamentalist Economy" paradigm developed by Abul Barakat, the former president...