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The prospect of being a full member in the European Union, Turkey
faces deep processes of economical, political and social changes.
In order both to examine and to manage these changes it is of
fundamental importance to throw a closer view to Turkish politics
and economy. The first three chapters provide a detailed study
mainly on the political sphere and the transformation in domestic
politics to preparatory to European Union integration. The
remaining chapters deal with the analysis from the point of view of
political economy (e.g. management, tourism, industrialization and
foreign trade). The book has been structured in such a way that the
readers can also "pick and mix" chapters in response to their
interests and needs.
Mainstream economic theories today are logical, consistent and even
explanatory in many ways, when their relevance is tested in real
economic situations, they often fail to correctly explain normal
economic transactions. Thus they are only successful in explaining
a fictional world and fictional economic relations that are largely
based on unrealistic assumptions. Economic Growth is a study of new
and alternative theories and models to replace the parables of
these mainstream ideologies and hopes to appeal to open minded
economists as a constructive contribution for the further
development of new economic ideas.
In an Islamic society, it is ethics that dominates and determines
all behavior, including economic behavior. The Holy Koran emerges
as the main source of all economic behavior and practices which are
subject to the commands of Allah as stated in the Koran. Since
Islam is a universal religion, the Islamic economic paradigm with
its "scientific" Islamic economic theories has to be comprehensive
as well as perfect in the sense of fairness, ethical values and
fruitfulness. A universal Islamic economic system ought to have
universally applicable economic laws acceptable by both, the Muslim
and the non-Muslim world - meaning that when the word Islamic is
taken out of the equation; it should appeal to all societies and
countries equally, regardless of their religious persuasion. The
question now is; do Islamic economics offer such "scientific"
economic theories? Surprisingly, there were no such theories at
all. In fact, there was not even a theory of interest, the most
frequently referred to subject in Islamic economics. This appeared
to be a serious omission. The Holy sources may be more than
sufficient for Muslims, but what about non-Muslims? Isn't it
justified to expect Islamic "scientific" economic models and
theories that are applicable to or able to guide non-Muslims?
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