ISLAM AND GLOBALISATION
Globalization is a process by which, capital, goods, services and sometimes labor cross national borders. It is often described in terms of worldwide capitalism, as the integration of the world into a single economic system. There are political, cultural, technological, and psychological dimensions to this process, too, and religion is critical component in globalizing processes. In establishing ethical standards, in defining local responses, in imagining global ecumenical communities, religion is very much part of globalization.
Globalism has been widely discussed since the decay of the international bipolar system. No agreement seemed to be attained about its conception. Thinkers and writers of different nationalities, and even of the same nationality, Muslims and non-Muslims, have sharply clashed about the conception of Globalism. Many writers, therefore, seemed uncertain. However, globalization is not a simple process through which capital, goods and tastes are constantly flowing from certain centers to the rest of the world. While the centers of power in the West remain dominant, there is also a reverse flow. And there are other flows at other levels of the global system. It is this increasingly complex process that we should now evaluate from a religious perspective. There are undoubtedly both positive and negative aspects to globalization.
Globalization should be managed in such a way that benefits are widely shared and costs are minimized. Islamic countries have great potentials to reap the full benefits of globalization. Incentives should be given for efficient use of existing knowledge and new knowledge. Special attention should be given on higher education to scale up the knowledge base. Innovation, technological, Infrastructure and application in all these areas are required to improve productivity globally.
ASPECTS OF GLOBALISATION
Technology can be defined as the socialized knowledge of...