Maestro (Goldsworthy, P.) essays

Maestro (Goldsworthy, P.) essays Maestro shows us that maturity is gained only through suffering. Discuss. Peter Goldsworthys Maestro focuses on the coming of age of Paul Crabbe, who slowly leaves his childhood innocence behind to enter the new world of adulthood. His pathway to maturity is described through a series of experiences, particularly with an old Viennese music teacher, Eduard Keller, or the Maestro. Near the end of the novel, where Paul is in his mid-twenties, he looks back on his transformation from a spoiled, self-indulged adolescent, to a more compassionate and more knowledgeable adult. He realises, through his own suffering and Kellers influence, that his talents are not good enough to earn him a career as a concert pianist. Pauls personality changes throughout the text. At the start Paul is corrupted by pride and the idea that he is great, almost perfect even. This self-satisfaction does wonders to boost his ego, as he predicts instant fame and fortune will fall at his feet. When he first meets Keller, he acts as if he knows everything, but Keller mocks him constantly with such comments as, you know so much for your age...and so little, and wont give in to his superficial ideals. Paul does not appreciate it when the old man honestly points out his true arrogant nature, but eventually awakens to his truth. With truth comes suffering, and suffering does play an integral part to Pauls maturity. For years, Keller has been trying to teach Paul not to expect too much. He offers words of insight and once asks him, what is the difference between good and great pianists?. He answers himself with, Not much, just a little. Obviously that little is just enough to make Paul fall short of his dreams he misses that final step that would take him to the top, simply because of his pride. In the end he fails to achieve musical success. ...

Turn Campus Leftovers Into Meals in College

Turn Campus Leftovers Into Meals in College Maybe you’ve heard of that University of Maryland student who noticed that his campus kitchen ends up with a lot of leftovers and decided to donate them to hungry families. The effort grew into a bigger project and he now runs a nonprofit called Food Recovery Network. Leftovers have a long history from charity to high cuisine. Did you know that a lot of famous national dishes emerged as a way to do something with leftovers? Pizza is said to have come about as a result of putting leftover ingredients on top of a baked bread base. Gazpacho, the cold Spanish soup is made from leftover stale bread and tomatoes. Bouillabaisse, the French fish soup was made of the leftover fish that the fisherman couldn’t sell at the market. Soups, stews, sandwiches, salads, omelets, casseroles and other yummy dishes can all be easily made from leftovers. Below, youll find some steps for you to make meals out of campus leftovers: First, you’ll need to get permission from your campus kitchen. Obviously, you can’t just walk in and start filling up some tupperwares with food. Approach the director of the campus kitchen and maybe a member of student affairs to coordinate how and when you’ll have access to campus leftovers. If there are no kitchen facilities in your dorm, you’ll need to get access to the campus kitchen facilities. Be patient, respectful and persistent. There’s really no good reason why good food should go to waste. There are basically three categories of leftovers: Leftover starches Leftover vegetables Leftover meat In the case of there being a lot of leftover starches such as bread, pasta, rice or potatoes, all you need to do is add some vegetables and/or meat to make a great meal. Likewise with the leftover vegetables and meat, you’ll just need to bulk up your leftovers by adding some starches. Find some examples below. Bread French onion soup a cheap and delicious meal. Some leftover bread, some onions and cheese is all you need to make this dish. Bread pudding beat some eggs, add some milk and cinnamon and bake for a fast, easy dessert. Sloppy Joes add some ground beef in tomato sauce for a simple Sloppy Joe. Pasta Add a can of tomato sauce and a tin of tuna for a quick and yummy tuna pasta dish. Or fry up some garlic for a quick aglio e olio. Add a can of peas and some cream and chop up some ham for a creamy option. Or bake your pasta with some cheese for a simple mac and cheese option. Rice Rice balls just combine the leftover rice with a little cheese, roll in breadcrumbs and deep fry them or bake them. Serve with hot sauce, ketchup, marinara sauce or your condiment of choice. Rice pudding make sure the rice doesn’t have salt in it first. Then just add milk or coconut milk, an egg, sugar, honey or another sweetener and cinnamon. Raisins are a popular addition, but totally optional. Stir fried rice this is the ultimate leftover dish. Throw some veggies (carrots, bell peppers, cabbage, spinach, onion, garlic and whatever else you have) and douse it with soy sauce. Add the rice and stir. Vegetables Vegetable soup a tablet of chicken or vegetable stock and some time are all you need to make this dish. Add rice, noodles or meat. Veggie omelet take those leftover veggies and tuck them into an omelet. Easy. You can also make Pasta Primavera by just adding pasta and some parmesan cheese. Chicken Chicken fried rice just bulk this one up with some rice and you’re golden. Chicken soup add some veggies, noodles or rice and some chicken stock. Chicken Caesar salad chop up the chicken and add it to your salad. The original Caesar salad is with Caesar dressing and romaine lettuce. Meat Shepherd’s Pie another legendary leftover’s dish, whip up some mash potatoes and layer the meat with some peas, carrots and onions under the mashed potatoes. Top with cheese and bake. Pasta Bolognese add some pasta, cream and tomato sauce to the leftover meat and enjoy this traditional Italian dish. Fish Fish chowder add some milk and some corn and carrots or potatoes and you’ve got yourself a lovely fish chowder. Shrimp salad top your salad with some shrimp salad, add dressing and enjoy! Or eat it on a sandwich. There are infinite ways to enjoy leftovers. What are your favorite leftover recipes?

Marketing Plan Research Paper Example | Topics and Well Written Essays - 3750 words - 1

Marketing Plan - Research Paper Example new look of the MS Office programs such as Word, Excel and PowerPoint provided with efficient features making the working process more comfortable, easy and safe; as well as enhancing already existing means of communication and information exchange. Microsoft Corporation main mission is based on idea of sustaining its position as World’s number one technology company which is engaged into creation, development, licensing and manufacturing software products and operating systems, search engines as well as conquering video game industry (Microsoft, 2015). Microsoft audience is as diversified as the product portfolio and it involved young adults of 16-30 years as targeted users Xbox consoles and operating systems for everyday and educational purposes as well as business segment using software in professional sphere where collecting, storing and presentation of information are essential processes and can be seen on firms and corporations different in size. Nowadays the competition within industry is severe as the company is diversified and it meets rough competition in several key areas such as search engine and smart phones from giants such as Google, Apple and Oracle. Microsoft market consists of products, consumers and business users. The main feature of this very aspect is implied in diversification of product portfolio which is aimed at reaching the audience through erasing the boundaries of age, profession, social status (Microsoft, 2015). Operation systems are designed to be applied on computers and other devices as means of data storing or day-to-day operations including education, entertainment, health care, programs such as Skype can be used by professionals and consumers. Corporate (business market) – people engaged in large businesses, firms and corporation feel the need in sufficient software in order to work with information on different levels, bringing convenience into the process of collecting, storing and presentation of information as well

Age Discrimination Essay Example | Topics and Well Written Essays - 1000 words

Age Discrimination - Essay Example Age discrimination is discrimination based on the age related factors. It has been a problem for the whole world from the centuries. It can be direct or indirect. There are many laws and regulations have been established to prevent the age discrimination but there is still need a lot to be done to overcome this problem.This system is used by many UK based law firms. The system is also a cause of brain draining since there are many older workers who do not want to leave their jobs and are still capable of doing tasks perfectly. Thus, the prevalent system is considered a major cause of age discrimination.The new legislation will be implemented from 1st October 2006; the new system can help organizations and people in reducing the age discrimination. The compulsory retirement ages that are different from the legal standard of 65 will become unlawful or be expired under the upcoming legislation."The Government consulted on proposals to legislate on age discrimination in "Coming of Age". The consultation ended on 17 October. Subject to Parliamentary approval the legislation will come into force on 1 October 2006.remove the upper age limit for unfair dismissal and redundancy rights, giving older workers the same rights to claim unfair dismissal or receive a redundancy payment as younger workers, unless there is a genuine retirementToday, employers need to recruit older workers than younger workers. An older worker means a worker of over 50 years of age. There are currently around 20 million people who are 50 and over alone in the U.K. It is estimated that this figure will reach 27 million by 2030. The government is also consulting on the introduction of the default retirement age (65); with the help of it, the older employees will have a right to request to work over the specified age bracket. What Experts Say According to the department of trade and industry experts, to compliance with the new legislation, partnerships will also be obliged - partnerships are currently affecting with the present legislation. Impact of New Legislation Once the law is implemented, one thing is certain that it will be unlawful to make decisions or policies about partners which are based on the age related factors. On the other hand, there might be chances of starting indirect discrimination since partners will be bound to follow the rules and not to discriminate other partners on the basis of their ages. What Will Be Covered In Legislation -Example "An 18-year-old employee has left his employer, and asks for a job reference. The employer refuses to provide this, stating that employees under the age of 20 will not receive job references because they have built up insufficient length of service to allow for a meaningful

A view from the bridge Essay Example for Free

A view from the bridge Essay When Arthur Miller first wrote A View from the Bridge in 1955 he wrote it as a one act play written in the style of a Greek melodrama. Later, in 1956, he wrote the full length version we know today in modern style. The theme of the Greek tragedy is continued however including historical facts used by Alfieri to demonstrate the history of violence and tragedy behind every Italian American.  Alfieri opens the play and speaks directly to the audience rather than at them. This gives the audience a sense of intimacy though like Alfieri they will have no influence on the play itself. Alfieris role in the play is to oversee the action and relate it to the audience and by the end of the play he is the only character that seems to have any sympathy for Eddie even though he has been described by critic Shay Daly as not a full flesh and blood character. Alfieri is effectively playing the chorus in this tragedy and like in Greek and Roman tragedies the chorus is always filled with foreboding for the coming events; Alfieri invests this sense of tragedy strongly in his opening narration and like the chorus of many Greek tragedies is powerless to stop an eventually tragic outcome. Alfieri mentions Al Capone, calling him the greatest Carthaginian. At first we might believe that he means Al Capone is a law breaker punished by the law as represented by Rome because Carthage was destroyed by Rome. By later mentioning Calabria and especially Syracuse as well as justly shot by unjust men we know Alfieri means Al Capone represents a Carthage from an earlier age. Rome hardly existed and Carthage, competing for the rule of Sicily, would punish those who broke the rules of war, such as the tyrant Agathocles of Syracuse who was famed for his cruelty and who, unprovoked, attacked his unsuspecting neighbours. Al Capone has become a kind of hero for the average Italian American upholding the Sicilian family ethos. Another key theme in the play is that of the relationship between Eddie and Catherine which from the very start of the play is lively intimate and flirtatious. Eddie greets Catherine first when he comes home imparting the feeling that she is more important to him than Beatrice. Eddies masculinity is outlined in this scene, he is very much a manly man who finds it difficult to come to terms with his emotional side and shows this by ordering Beatrice and Catherine around while he imparts news and drinks beer in his chair. Catherine sits by his chair in a pose of supplication, slave like, subdued and obedient to Eddie. A sense of foreboding runs not just through Alfieris opening speech but throughout Beatrice and Catherines lines. An example of this is Catherines shocked No! and Beatrice who is half in fear and afraid. These fearful premonitions point the way for the tragedy to unfold. Alfieri makes us aware of the law in Red Hook; it is not the law of the establishment but the law of Sicilian values upheld by its citizens. Alfieri is aware and is part of both types of law, he is aware of the limitations to both laws and the consequences of someone going outside either law.  We settle for half, as Alfieri says, or compromise which is one of the key ideas in this play. The audience is made aware of this idea of compromise early on in the play and the fact that Alfieri likes it better suggests that it is better because he no longer has to keep a pistol in his filing cabinet. Compromise defeats violence and those who wont compromise will be left behind; it is failure to compromise which is the eventual downfall of Eddie because he wont change. This is not Eddies fault, his character is usually described as forceful, obsessive, warm, protective, irrational, and self-interested. Alfieri suggests that Eddies type held back the civilisation of Red Hook, and as sympathetic as he is towards Eddie now he is dead and they are quite civilised, quite American. Like Stanley in A Streetcar named Desire, Eddie is little more than an uneducated and driven man but he has become obsolete next to a man like Rodolpho who Eddie criticises: he cooks, he sings, he could make dresses and the new working woman like Catherine.  Every theme and idea in this play is sowed by Alfieri, Catherine and Beatrice in the first five pages to be later expanded upon throughout-which is why these first few pages are so vital to the play. Bibliography  http://www.forumromanum.org

How James Joyce Challenges His Readers in Ulysses and Finnegans Wake Es

How James Joyce Challenges His Readers in Ulysses and Finnegans Wake      Ã‚   In the history of written literature, it is difficult not to notice the authors who expand their reader's style and manner of reading. Some write in   an unusual syntax which forces the reader to utilize new methods of looking at a language; others employ lengthy allusions which oblige the reader to study the same works the author drew from in order to more fully comprehend the text. Some authors use ingenious and complicated plots which warrant several readings to be understood. But few authors have used all these and still more devices to demand more of the reader. James Joyce, writer of Ulysses and Finnegans Wake, uses extraordinarily inventive and intricate plot construction, creative and often thought-provoking word constructions, allusions to works both celebrated and recondite, and complex issues and theories when challenging his readers to expand their method of reading.   Ã‚  Ã‚   The plot, or story, of a book is the foundation upon which all else is constructed, and Joyce is renowned for his extraordinary plots, always innovative and always astonishing. In Ulysses, Joyce parallels the day of his protagonist, Leopold Bloom, with the journeys of Odysseus from Homer's Odyssey. Chapter by chapter, Bloom's travels throughout Dublin, along with the experiences of his young friend Stephen Dedalus and his unfaithful wife Molly, parallels the Odyssey. All the chapters are there: Telemachus, Nestor, Proteus, Calypso, the Lotus-Eaters, Hades, Aeolus, Lestrygonians, Scylla and Charybdis, Sirens, Cyclops, Nausicaà ¤ , Oxen of the Sun, Circe, Eumaeus, Ithaca, and Penelope. He even adds a chapter, Wandering Rocks, by subdividing Scylla ... ... challenged his readers to expand and enhance their reading method, to think for themselves, to read the raw thoughts of another, to read a hybrid language, to simply learn, and to become a better reader. Works Cited: Barger, John.   IQ Infinity- The Unknown James Joyce, Robot Wisdom Pages, 5/25/97: http://www.mcs.net/~jorn/html/jj.html Cave, Charles.   James Joyce Web Page, Ozemail Communications, 5/25/97: http://www.ozemail.com.au/~caveman/Joyce Joyce, James.   Finnegans Wake. New York, New York: Penguin USA, 1976 Joyce, James.   Ulysses, New York, New York: Random House Inc., 1992 McHugh, Roland.   Annotations to Finnegans Wake, Baltimore, Maryland: Johns Hopkins University Press, 1991 Thornton, Weldon.   Allusions in Ulysses, Chapel Hill, North Carolina: University of North Carolina Press, 1968

Brain Functioning Table Essay

A neuron is a cell in the brain or another part of the nervous system that transmits information to other cells. Neuron cells are the information processing components of the brain responsible for receiving and transmitting information. Each part of the neuron plays a role in the communication of information throughout the body. Neurotransmitters A neurotransmitter is a chemical substance through which one neuron sends a message to another. Neurotransmitters are transmitters that give off chemical reactions to neurons. There are several types of neurotransmitters and each type controls different functions like muscle control and triggers. Axon An Axon is a long, arm like structure that transmits information on to still other neurons. The axon is the elongated fiber that extends from the cell body to the terminal endings and transmits the neural signal. The larger the axon, the faster it transmits information. Myelin sheath Myelin sheath is an insulating envelope of myelin that surrounds the core of a nerve fiber or axon and that facilitates the transmission of nerve impulses, formed from the cell membrane of the Schwann cell in the peripheral nervous system and from oligodendroglia cells. Myelin sheaths three main functions include are protection of the nerve fiber, insulation of the nerve fiber and increasing the rate of conduction of nerve impulses. Dendrites Dendrites are a short branched extension of a nerve cell, along which impulses received from other cells at synapses are transmitted to the cell body. Dendrites are treelike extensions at the beginning of a neuron that  help increase the surface area of the cell body. These tiny protrusions receive information from other neurons and transmit electrical stimulation to the soma. Synapses Synapses are junctions between two nerve cells, consisting of a minute gap across which impulses pass by diffusion of a neurotransmitter. To connect two neurons by providing a space between an axon terminal of one neuron and a dendrite of another neuron, so neurotransmitters that are released by an axon terminal can diffuse across that space to reach the dendrite and either initiate the possibility of the second neuron to fire or cause a muscle cell to contract. Cortex A cortex is the upper part of the brain; site of complex, conscious thinking processes. The cerebral cortex is involved in numerous functions of the body including: determining intelligence, determining personality, motor function, planning and organization, and touch sensation. Synaptogenesis A synaptogenesis is the universal process in early brain development in which many new synapses form spontaneously. Synaptogenesis is a process involving the formation of a neurotransmitter release site in the presynaptic neuron and a receptive field at the postsynaptic partners, and the precise alignment of pre- and post-synaptic specializations. Synaptic pruning A synaptic pruning is a universa process in brain development in which many previously formed synapses wither away. Synaptic pruning refer to neurological regulatory processes, which facilitate changes in neural structure by reducing the overall number of neurons and synapses, leaving more efficient synaptic configurations. Pruning is a process that is a general feature of mammalian neurological development. Myelination A myelination is the growth of a fatty sheath (myelin) around the axons of neurons, enabling faster transmission of electrical impulses. The myelin sheath is a protective covering that surrounds fibers called axons, the long thin projections that extend from the main body of a nerve cell or neuron. . Reference Ormrod, J. (2014). Educational psychology: Developing learners. (8th ed., pp. 22-24). Pearson Education, Inc.

Role of Islam in Economic Develpoment

International Ataturk-Alatoo University Role of Islam in Economic Development Done: Aizhamal ZHUMALIEVA Checked: Ibragim KONCAK 2012 Content Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 1 Statistics and Trends†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦2 Economics of Wealth Generation †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 Islamic Merchants†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 Islamic Law and Economic Growth†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 Islamic Banking†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 IntroductionResearchers like Huntington (1996), Landes (1999), and Inglehart and Baker (2000) argue that explanations for economic growth should go further to include a nation’s culture. Their argument absolutely makes sense because culture affects personal traits such as honesty, thrift, willingness to work hard, and openness to stranges, which consequently influences economic outcomes. Religion is thought to be one of the most important dimensions of culture. Thus Weber (1930) argued that religious practices and beliefs had important consequences for economic development.Islam is no exception, just as David Landes, the Harvard economic historian, wrote in his book à ¢â‚¬Å"The Wealth and Poverty of Nations†, â€Å"No one can understand the economic performance of the Muslim nations without attending to the experience of Islam as faith and culture,† In 10th century, which is known as Golden Age for Islam, Muslim societies led the world in science, philosophy, culture and prosperity. But soon it came to the end, and Islamic countries have long lagged behind other countries. It is easy to define with the help of analysis of current international financial data.Those data highlight the great inequality in income between Christian dominant and Muslim dominant countries. The richest countries in the world are those of Europe, North America, and East Asia. Only a small number of Muslim countries approach to their income levels, and this is only due to their oil wealth. In many of Muslim countries income growth is low so that gap is widening. Scholars are sure that it is not just coincidence but Islam has significant influence on economic a scents and descents. If it is so, what role does Islam play in economic performance? How does it affect economic advancement?What spheres and industries does Islam influence? Is there any way to solve the problem? The purpose of this paper is to show the relationship between Islam and economy and critique some Islamic mechanisms that drag the economic activity. The first part of the paper suggests some statistical data that reflects general image of economic state of Islamic countries. Next section defines the process of wealth generation and impact of Islam on capital, innovation, and literacy. After, Islamic trading patterns are analyzed. Then Timur Kuran’s, well-known economist, arguments about economic effect of Islam are stated.And the last part reviews Islamic financial institutions. Statistics and Trends Level of economic development, whether measured by per capita income or variables like trade, literacy, science, scholarship and technology, has long been lower in the Islamic world than in Christian world, especially those of in West. Here is one empirical data that prove this situation with income per capita being a dependent variable. Table 1 is a regression model, which include 132 countries covered by the World Development Report for 1995, shows that relationship exists between Islam and per capita income.In the first regression, independent variable is the share of Muslim within total population, this regression indicates statistically significant negative relationship between two variables, but its fit is poor. The second regression, which includes additional independent variable, has considerably better fit. Membership in OPEC turns out to be a significant contributor to income, and location in Subsaharan Africa a highly significant depressor. The Muslim share of population remains very significant negative determinant of income.The model also reflects the fact that the African, South Asian, and East Asian countries with large Muslim mino rities tend to be poorer than countries with Muslim majorities located in the Middle East. Table 1 The Relationship between Islam and Per Capita Income | (1)| (2)| Constant| 3. 33| 3. 55| Share Muslim| -0. 41***(-2. 57)| -2. 07****(-2. 87)| Square Share Muslim| | 1. 76**(2. 29)| OPEC Member| | 0. 42*(2. 20)| Susaharan Africa| | -0. 67*****(-5. 77)| R-squared| 0. 4| 0. 34| Notes: 132 countries were included in the regression. Asterisks *, **, ***, ****, ***** denote significance at the 0. 03, 0. 2, 0. 01, 0. 005, and 0. 0000 levels, respectively. Following charts show the Muslim share of global income and the share of global population. Income share is 5. 98 %, which is strikingly less than population share, which is 19. 22 %. According to this data we can assume that Muslims average income obviously lower than of non-Muslims. In most of the countries, where Muslims live in large numbers, are generally poorer. And few will deny this fact. To investigate how this outcome came up I wil l review the process of wealth creation and the role of Islam in this process. Figure 1 Economics of Wealth GenerationLevel of income in an economy is related to the volume of goods and services produced. The amount of this production in the long term is determined by three factors: the availability and exploitation of natural resource; the quantity of productive capacity in terms of buildings, infrastructure, machinery plant and equipment; and the availability, ability, training and resourcefulness of the workforce. These â€Å"factors of production† are essential to income producing capacities. Natural resource endowment of a country is a matter of circumstance, religion has nothing to do with availability of natural resource.Islamic countries, especially those in the Middle East are very lucky to have oil wealth, the biggest contributor to Muslim economy. Physical resources however are man-made. The availability of these resources depends on accumulation of physical invest ment in building construction, purchase of equipment and maintenance of the stock of these assets. It is here that the culture and religion, Islam in particular, may play a role. In order to create physical productive asset, what economists call â€Å"capital†, long process of planning, risk taking, vision and enterprise are required.Arthur Lewis (1955, 105) argued in his textbook on economic growth: â€Å"Some religions are more compatible with economic growth than others. If religion stress upon material value, upon work, upon thrift and productive investment, upon honesty in commercial relations, upon experimentation and risk bearing, and upon equality of opportunity, it will be helpful to growth, whereas in so far as it is hostile to this things, it tends to inhibit growth. † He did not provide the classifications of religion according to their support for development.But other economists like Luigi Guiso, Paola Sapienza, and luigi Zingales did. They conducted a mu ltinational set of surveys that covers sixty-six countries. In a study that appeared in the Journal of Monetary Economics, they noted that, â€Å"on average, Christian religions are more positively associated with attitudes that are conductive to economic growth, while Islam is negatively associated. † In comparison with people of other religion, Muslims were generally less disposed to agree with pro-market statements such as â€Å"Competition is good†, â€Å"private ownership of business an industry should be increased†.It means that Muslims are not willing to adopt industrialization and modernization, without which creation of capital is barely possible. Report clearly indicates that Islam sufficiently discouraging economic development in terms of physical resources. The same opinion had Daniel (19958, 405) who wrote in his best-known work, The Passing of Traditional Society, that â€Å"the top policy problem, for three generations of Middle Eastern leaders, has been whether one must choose between ‘Mecca or Mechanization’ or whether one can make them compatible. He observed that Islam was inimical to the structural changes essential to the Islamic world’s progress. Affirmatively Islam played very effective role in capital creation and obviously negative. So, if country’s aim was to develop, choice would ultimately get resolved in favor of ‘mechanization’. The third factor of production is human resource. This is not jus a matter of population. People need to be educated and trained in order to make use of the physical capital. Religion may play a role here too – possibly negative one.To the question whether Islam contributed to shaping the educational system that limited curiosity and innovation Lewis (1982, 229) answers in the affirmative. But how? Islam highly encourages education. It might have stemmed from the closure of the gate ‘ijtihad’, which meant end of freedom of in novation, independent judgment, and that all answers were already available and needed merely to follow and obey. Treating Islamic learning as perfection helped support an educational system that emphasized rot learning and memorization at the expense of problem solving.Granting that the prevailing educational system must have limited inquisitiveness and innovation, it could have extinguished new ideas and the desire for change. This resulted in overwhelmingly illiterate Muslim population. The scene has not changed a lot in present days either, series of reports for United Nations pointed out that adult literacy rate barely topped fifty percent, which is disastrous for economic development. If there is no human resource who can tackle technology, machinery what are they needed for anyway?The nature of progress is improvements in physical capital over time that deliver increased output for given amount of material and labor input – higher productivity. By labor meant highly ed ucated and trained people, whom obviously lacks Muslim world. This ‘knowledge deficit’ has severely impeded economic growth. One thing that I cannot skip is the attitude toward women in Islam. In Islam women are inferior to men. Recent figures from the International Labor Organizations, published by world Bank, indicate that in the Middle East and North Africa, women comprise 28 % of the total labor force, whereas the world average is 40 %.As a group, these countries have the lowest female labor force participation in the world. One of the lowest figures is Saudi Arabia with 16%. This is reflection of cultural values regarding women in Muslim countries, values inseparable from religious values, which form following consequences. First, it decreases the overall income of country. If women were engaged in paid employment, increasing the labor force by 30%, additional contribution to national income would be around of 10%. Second, this limitation reduces potential producti on.Third, it is associated with higher birth in these countries, which correspondingly per capita income growth rate. So, this Islamic wise about women contribute to relative poverty. Now, as we have obtained sufficient image on how Islam has influenced the process of wealth generation I would like to take a quick look at Muslims trading patterns. Islamic Merchants The fact that Muslims ended up to be poor at trading puzzles me because the founder of Islam, The Prophet Muhammad is believed to have been a merchant, and in one occasion he reportedly said, â€Å"The trustworthy merchant will sit I in the shade of Allah’s throne. It is especially puzzling that Muslim merchants, given that early Islamic thought harbor certain pro-competitive traditions, along with Muslim consumers who stood to benefit from greater competition, failed to counter the anti-competitive influence of the guilds. Sabri Ulgener (1981) suggests that trading patterns were influenced by the economic moralit y associated with Islam. The foremost objective of Muslims’ economic doctrine is to replace the individualistic economic morality with a communalist morality.Which means Muslim do not support private ownership and income inequality, which is necessary to provide incentive for individual effort, and it leads to discouraging consequences for merchants. As private property rights were not protected in Islamic countries it is possible that trade with Muslims or in their countries was inefficient, and merchants simply avoided having any deal in Muslim world. Of course this is not the only reason for static trading pattern, there are tons of factors that could affect it.We just see that Islamic morality might have had an impact on merchants. Islamic Law and Economic growth The economist Timur Kuran, who grew up in Turkey and teaches at Duke University, traced the causes of fault in achieving industrialization and stable growth in his well acclaimed book, The Long Divergence: How Is lamic Law Held Back the Middle East. Islamic societies were slow to develop banks, commercial courts, joint stock companies, and the business organizations, for which Kuran blames social customs and religious rules, i. . Islamic laws. He focuses on laws covering business partnership and inheritance practices. These, he argues, discouraged the emergence of modern industrial corporations. In medieval times, trading partnership was the leading form of the business in the Middle East. In Islamic partnership any individual partner could end the relationship at will, and even the most successful ventures were terminated on the death of partner. As a result of these rule, most businesses tended to be small and short-lived.By the end of nineteenth century, the most durable trading entities in many Islamic countries were operated by non-Muslims, such as Armenians and Jews, Kuran adds, these organizations too were limited in their ability to raise money from outsiders because the region lacke d non-governmental financial channels. And this held back the establishment of corporations which would do huge contributions to economy. The other thing, according to Kuran, which hindered business consolidation is inheritance customs. Quran dictated that if Muslim merchant died at least two-third of his estate had to be split among surviving family members.This egalitarian Islamic law of inheritance discouraged the accumulation of wealth by dividing it among family members. The permissibility of polygamy fueled this problem as it divided the assets of wealthy merchants with multiple wives and children. Further, it prevented the creation of long-lasting, capital-intensive companies. These provocative claims are not backed up by statistical and empirical works, they generally derived basing only on a history. One can argue that claims are just hollow claims as Adeel Malik, professor in University of Oxford, did.But Kuran’s claims are sound and rational. In Western countries f or instance giant corporations were vital part of economic engine, which fueled prosperity, and they didn’t have any rules slightly related to those of Islamic. This could mean that Kuran is right with his arguments and Muslims should pay a little attention to them and may be check up their rules and see whether it is compatible with modern economic and financial system. Islamic Banking While investigating Islamic economy, it is impossible to ignore their financial system.Islamic economic doctrine on prohibition against riba, Arabic word which means â€Å"interest† or â€Å"usury†, is widely known. Muslim world convinced that conventional financial system is decadent, immoral and inequitable. However, in modern world, the one who is out of this system is out of economic advancement because financial institutions are the only monetary support for a business investment. Muslims may think that Muslim lenders and borrowers have long found their own ways to circumven t, but some data prove the opposite. First of all Islamic Banks are deficient.These banks exist not in all predominantly Islamic nations. They have constituted only a small share of the national banking system. For instance in thirteen out of fifteen major Islamic countries listed by Henry and Wilson (2004 b:7), Islamic banks accounted for less than 17% of the share of commercial bank deposits in late 1990s, in Algeria, Iraq, Libya, Morocco, Oman, Syria, and Tunisia Islamic banks were nonexistent or minuscule. By the year 2000 only three countries – Iran, Pakistan, and Sudan- had Islamized their banking system.The implication of this information is that Islamic bank appears to be important in only very small number of Muslim countries. Shortage of banks is huge obstacle for new investments and emergence of any industrial businesses. Furthermore, Islamic banks are at a competitive disadvantage before other domestic or foreign bans for three reasons. First, a problem of moral h azard arises. Second, accounts in an Islamic bank must yield a return at least close to that of their competitors in order to attract deposits.Third, these banks are burdened with a curious problem of adverse selection. So, the future of Islamic banking does not seem to be glowing. As we see, the prohibition on interest serves no beneficial purpose. Elaborate scheme to circumvent such transactions because of their supposed immorality or due to their prohibition serve no purpose but except to increase costs and increase inefficiency. Conclusion This paper has reviewed important areas of economic activity and the role of Islam in it. And religion affirmatively has great influence on economy of Islamic world.Basing on all finding I conclude that Islam was inconductive to economic development, or at least less supportive than was Christian dominant countries. Few Muslims appreciated the discoveries and innovation, which has been fatal cause for physical resource or capital. The nature o f Islamic education was not helpful in developing open minded citizens fully equipped to fulfill their ambitions and potential. Islamic attitude toward women negatively affects production and income. Very few Muslims were seeking to capitalize, which caused uncomfortable conditions for merchants.The constraints and costs imposed on financial institutions by the nominal prohibition on interest payments preclude a free market in financial capital, causing inefficiencies, moral hazard in banking system, and limiting the funds for investment. These were drawbacks of religion that possibly caused stagnation in Islamic countries. And of course there are ways of getting out of this situation. Recent history provides examples of Muslim countries seeking to engage I the global economy and some of them succeeding.Indonesia, for instance, in 2008 its inflation adjusted GDP per capita was five and half times what it was in 1990, in Malasia during the same period, it rose almost six fold. Just a generation ago, both of these nations were overwhelmingly rural and poverty stricken. Today, they are industrialized middle-income countries. May be some Islamic countries should follow the lead of Turkey, the country which was transformed into an economically vibrant democracy. Mustafa Kemal Ataturk, founder of Turkish Republic, in 1929 abolished the caliphate and imposed strict church-state divide.After 1980, Turgut Ozal removed barriers to foreign trade and investment. Party’s Islamic heritage hasn’t prevented it from embracing a policy of economic modernization. Today, Turkey is the world's fifteenth-largest economy and a member of G-20. Example of Turkey suggests that it is possible to industrialize, modernize and still be faithful to religion, but Islam should not intervene in economic and political activities for its own sake, this will prevent Islam from being changed under the political influence and will maintain its cleanness.So, Islamic countries are not i n perfect condition, however they have all opportunities to prosper. This research paper analyzed just some of the factors, further researches and surveys needs to be conducted to identify other possible problems of static economy of Muslim world and to provide empirical and statistical information on Timur Kuran’s arguments. References Role of Islam in Economic Develpoment International Ataturk-Alatoo University Role of Islam in Economic Development Done: Aizhamal ZHUMALIEVA Checked: Ibragim KONCAK 2012 Content Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 1 Statistics and Trends†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦2 Economics of Wealth Generation †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 Islamic Merchants†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 Islamic Law and Economic Growth†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 Islamic Banking†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 IntroductionResearchers like Huntington (1996), Landes (1999), and Inglehart and Baker (2000) argue that explanations for economic growth should go further to include a nation’s culture. Their argument absolutely makes sense because culture affects personal traits such as honesty, thrift, willingness to work hard, and openness to stranges, which consequently influences economic outcomes. Religion is thought to be one of the most important dimensions of culture. Thus Weber (1930) argued that religious practices and beliefs had important consequences for economic development.Islam is no exception, just as David Landes, the Harvard economic historian, wrote in his book à ¢â‚¬Å"The Wealth and Poverty of Nations†, â€Å"No one can understand the economic performance of the Muslim nations without attending to the experience of Islam as faith and culture,† In 10th century, which is known as Golden Age for Islam, Muslim societies led the world in science, philosophy, culture and prosperity. But soon it came to the end, and Islamic countries have long lagged behind other countries. It is easy to define with the help of analysis of current international financial data.Those data highlight the great inequality in income between Christian dominant and Muslim dominant countries. The richest countries in the world are those of Europe, North America, and East Asia. Only a small number of Muslim countries approach to their income levels, and this is only due to their oil wealth. In many of Muslim countries income growth is low so that gap is widening. Scholars are sure that it is not just coincidence but Islam has significant influence on economic a scents and descents. If it is so, what role does Islam play in economic performance? How does it affect economic advancement?What spheres and industries does Islam influence? Is there any way to solve the problem? The purpose of this paper is to show the relationship between Islam and economy and critique some Islamic mechanisms that drag the economic activity. The first part of the paper suggests some statistical data that reflects general image of economic state of Islamic countries. Next section defines the process of wealth generation and impact of Islam on capital, innovation, and literacy. After, Islamic trading patterns are analyzed. Then Timur Kuran’s, well-known economist, arguments about economic effect of Islam are stated.And the last part reviews Islamic financial institutions. Statistics and Trends Level of economic development, whether measured by per capita income or variables like trade, literacy, science, scholarship and technology, has long been lower in the Islamic world than in Christian world, especially those of in West. Here is one empirical data that prove this situation with income per capita being a dependent variable. Table 1 is a regression model, which include 132 countries covered by the World Development Report for 1995, shows that relationship exists between Islam and per capita income.In the first regression, independent variable is the share of Muslim within total population, this regression indicates statistically significant negative relationship between two variables, but its fit is poor. The second regression, which includes additional independent variable, has considerably better fit. Membership in OPEC turns out to be a significant contributor to income, and location in Subsaharan Africa a highly significant depressor. The Muslim share of population remains very significant negative determinant of income.The model also reflects the fact that the African, South Asian, and East Asian countries with large Muslim mino rities tend to be poorer than countries with Muslim majorities located in the Middle East. Table 1 The Relationship between Islam and Per Capita Income | (1)| (2)| Constant| 3. 33| 3. 55| Share Muslim| -0. 41***(-2. 57)| -2. 07****(-2. 87)| Square Share Muslim| | 1. 76**(2. 29)| OPEC Member| | 0. 42*(2. 20)| Susaharan Africa| | -0. 67*****(-5. 77)| R-squared| 0. 4| 0. 34| Notes: 132 countries were included in the regression. Asterisks *, **, ***, ****, ***** denote significance at the 0. 03, 0. 2, 0. 01, 0. 005, and 0. 0000 levels, respectively. Following charts show the Muslim share of global income and the share of global population. Income share is 5. 98 %, which is strikingly less than population share, which is 19. 22 %. According to this data we can assume that Muslims average income obviously lower than of non-Muslims. In most of the countries, where Muslims live in large numbers, are generally poorer. And few will deny this fact. To investigate how this outcome came up I wil l review the process of wealth creation and the role of Islam in this process. Figure 1 Economics of Wealth GenerationLevel of income in an economy is related to the volume of goods and services produced. The amount of this production in the long term is determined by three factors: the availability and exploitation of natural resource; the quantity of productive capacity in terms of buildings, infrastructure, machinery plant and equipment; and the availability, ability, training and resourcefulness of the workforce. These â€Å"factors of production† are essential to income producing capacities. Natural resource endowment of a country is a matter of circumstance, religion has nothing to do with availability of natural resource.Islamic countries, especially those in the Middle East are very lucky to have oil wealth, the biggest contributor to Muslim economy. Physical resources however are man-made. The availability of these resources depends on accumulation of physical invest ment in building construction, purchase of equipment and maintenance of the stock of these assets. It is here that the culture and religion, Islam in particular, may play a role. In order to create physical productive asset, what economists call â€Å"capital†, long process of planning, risk taking, vision and enterprise are required.Arthur Lewis (1955, 105) argued in his textbook on economic growth: â€Å"Some religions are more compatible with economic growth than others. If religion stress upon material value, upon work, upon thrift and productive investment, upon honesty in commercial relations, upon experimentation and risk bearing, and upon equality of opportunity, it will be helpful to growth, whereas in so far as it is hostile to this things, it tends to inhibit growth. † He did not provide the classifications of religion according to their support for development.But other economists like Luigi Guiso, Paola Sapienza, and luigi Zingales did. They conducted a mu ltinational set of surveys that covers sixty-six countries. In a study that appeared in the Journal of Monetary Economics, they noted that, â€Å"on average, Christian religions are more positively associated with attitudes that are conductive to economic growth, while Islam is negatively associated. † In comparison with people of other religion, Muslims were generally less disposed to agree with pro-market statements such as â€Å"Competition is good†, â€Å"private ownership of business an industry should be increased†.It means that Muslims are not willing to adopt industrialization and modernization, without which creation of capital is barely possible. Report clearly indicates that Islam sufficiently discouraging economic development in terms of physical resources. The same opinion had Daniel (19958, 405) who wrote in his best-known work, The Passing of Traditional Society, that â€Å"the top policy problem, for three generations of Middle Eastern leaders, has been whether one must choose between ‘Mecca or Mechanization’ or whether one can make them compatible. He observed that Islam was inimical to the structural changes essential to the Islamic world’s progress. Affirmatively Islam played very effective role in capital creation and obviously negative. So, if country’s aim was to develop, choice would ultimately get resolved in favor of ‘mechanization’. The third factor of production is human resource. This is not jus a matter of population. People need to be educated and trained in order to make use of the physical capital. Religion may play a role here too – possibly negative one.To the question whether Islam contributed to shaping the educational system that limited curiosity and innovation Lewis (1982, 229) answers in the affirmative. But how? Islam highly encourages education. It might have stemmed from the closure of the gate ‘ijtihad’, which meant end of freedom of in novation, independent judgment, and that all answers were already available and needed merely to follow and obey. Treating Islamic learning as perfection helped support an educational system that emphasized rot learning and memorization at the expense of problem solving.Granting that the prevailing educational system must have limited inquisitiveness and innovation, it could have extinguished new ideas and the desire for change. This resulted in overwhelmingly illiterate Muslim population. The scene has not changed a lot in present days either, series of reports for United Nations pointed out that adult literacy rate barely topped fifty percent, which is disastrous for economic development. If there is no human resource who can tackle technology, machinery what are they needed for anyway?The nature of progress is improvements in physical capital over time that deliver increased output for given amount of material and labor input – higher productivity. By labor meant highly ed ucated and trained people, whom obviously lacks Muslim world. This ‘knowledge deficit’ has severely impeded economic growth. One thing that I cannot skip is the attitude toward women in Islam. In Islam women are inferior to men. Recent figures from the International Labor Organizations, published by world Bank, indicate that in the Middle East and North Africa, women comprise 28 % of the total labor force, whereas the world average is 40 %.As a group, these countries have the lowest female labor force participation in the world. One of the lowest figures is Saudi Arabia with 16%. This is reflection of cultural values regarding women in Muslim countries, values inseparable from religious values, which form following consequences. First, it decreases the overall income of country. If women were engaged in paid employment, increasing the labor force by 30%, additional contribution to national income would be around of 10%. Second, this limitation reduces potential producti on.Third, it is associated with higher birth in these countries, which correspondingly per capita income growth rate. So, this Islamic wise about women contribute to relative poverty. Now, as we have obtained sufficient image on how Islam has influenced the process of wealth generation I would like to take a quick look at Muslims trading patterns. Islamic Merchants The fact that Muslims ended up to be poor at trading puzzles me because the founder of Islam, The Prophet Muhammad is believed to have been a merchant, and in one occasion he reportedly said, â€Å"The trustworthy merchant will sit I in the shade of Allah’s throne. It is especially puzzling that Muslim merchants, given that early Islamic thought harbor certain pro-competitive traditions, along with Muslim consumers who stood to benefit from greater competition, failed to counter the anti-competitive influence of the guilds. Sabri Ulgener (1981) suggests that trading patterns were influenced by the economic moralit y associated with Islam. The foremost objective of Muslims’ economic doctrine is to replace the individualistic economic morality with a communalist morality.Which means Muslim do not support private ownership and income inequality, which is necessary to provide incentive for individual effort, and it leads to discouraging consequences for merchants. As private property rights were not protected in Islamic countries it is possible that trade with Muslims or in their countries was inefficient, and merchants simply avoided having any deal in Muslim world. Of course this is not the only reason for static trading pattern, there are tons of factors that could affect it.We just see that Islamic morality might have had an impact on merchants. Islamic Law and Economic growth The economist Timur Kuran, who grew up in Turkey and teaches at Duke University, traced the causes of fault in achieving industrialization and stable growth in his well acclaimed book, The Long Divergence: How Is lamic Law Held Back the Middle East. Islamic societies were slow to develop banks, commercial courts, joint stock companies, and the business organizations, for which Kuran blames social customs and religious rules, i. . Islamic laws. He focuses on laws covering business partnership and inheritance practices. These, he argues, discouraged the emergence of modern industrial corporations. In medieval times, trading partnership was the leading form of the business in the Middle East. In Islamic partnership any individual partner could end the relationship at will, and even the most successful ventures were terminated on the death of partner. As a result of these rule, most businesses tended to be small and short-lived.By the end of nineteenth century, the most durable trading entities in many Islamic countries were operated by non-Muslims, such as Armenians and Jews, Kuran adds, these organizations too were limited in their ability to raise money from outsiders because the region lacke d non-governmental financial channels. And this held back the establishment of corporations which would do huge contributions to economy. The other thing, according to Kuran, which hindered business consolidation is inheritance customs. Quran dictated that if Muslim merchant died at least two-third of his estate had to be split among surviving family members.This egalitarian Islamic law of inheritance discouraged the accumulation of wealth by dividing it among family members. The permissibility of polygamy fueled this problem as it divided the assets of wealthy merchants with multiple wives and children. Further, it prevented the creation of long-lasting, capital-intensive companies. These provocative claims are not backed up by statistical and empirical works, they generally derived basing only on a history. One can argue that claims are just hollow claims as Adeel Malik, professor in University of Oxford, did.But Kuran’s claims are sound and rational. In Western countries f or instance giant corporations were vital part of economic engine, which fueled prosperity, and they didn’t have any rules slightly related to those of Islamic. This could mean that Kuran is right with his arguments and Muslims should pay a little attention to them and may be check up their rules and see whether it is compatible with modern economic and financial system. Islamic Banking While investigating Islamic economy, it is impossible to ignore their financial system.Islamic economic doctrine on prohibition against riba, Arabic word which means â€Å"interest† or â€Å"usury†, is widely known. Muslim world convinced that conventional financial system is decadent, immoral and inequitable. However, in modern world, the one who is out of this system is out of economic advancement because financial institutions are the only monetary support for a business investment. Muslims may think that Muslim lenders and borrowers have long found their own ways to circumven t, but some data prove the opposite. First of all Islamic Banks are deficient.These banks exist not in all predominantly Islamic nations. They have constituted only a small share of the national banking system. For instance in thirteen out of fifteen major Islamic countries listed by Henry and Wilson (2004 b:7), Islamic banks accounted for less than 17% of the share of commercial bank deposits in late 1990s, in Algeria, Iraq, Libya, Morocco, Oman, Syria, and Tunisia Islamic banks were nonexistent or minuscule. By the year 2000 only three countries – Iran, Pakistan, and Sudan- had Islamized their banking system.The implication of this information is that Islamic bank appears to be important in only very small number of Muslim countries. Shortage of banks is huge obstacle for new investments and emergence of any industrial businesses. Furthermore, Islamic banks are at a competitive disadvantage before other domestic or foreign bans for three reasons. First, a problem of moral h azard arises. Second, accounts in an Islamic bank must yield a return at least close to that of their competitors in order to attract deposits.Third, these banks are burdened with a curious problem of adverse selection. So, the future of Islamic banking does not seem to be glowing. As we see, the prohibition on interest serves no beneficial purpose. Elaborate scheme to circumvent such transactions because of their supposed immorality or due to their prohibition serve no purpose but except to increase costs and increase inefficiency. Conclusion This paper has reviewed important areas of economic activity and the role of Islam in it. And religion affirmatively has great influence on economy of Islamic world.Basing on all finding I conclude that Islam was inconductive to economic development, or at least less supportive than was Christian dominant countries. Few Muslims appreciated the discoveries and innovation, which has been fatal cause for physical resource or capital. The nature o f Islamic education was not helpful in developing open minded citizens fully equipped to fulfill their ambitions and potential. Islamic attitude toward women negatively affects production and income. Very few Muslims were seeking to capitalize, which caused uncomfortable conditions for merchants.The constraints and costs imposed on financial institutions by the nominal prohibition on interest payments preclude a free market in financial capital, causing inefficiencies, moral hazard in banking system, and limiting the funds for investment. These were drawbacks of religion that possibly caused stagnation in Islamic countries. And of course there are ways of getting out of this situation. Recent history provides examples of Muslim countries seeking to engage I the global economy and some of them succeeding.Indonesia, for instance, in 2008 its inflation adjusted GDP per capita was five and half times what it was in 1990, in Malasia during the same period, it rose almost six fold. Just a generation ago, both of these nations were overwhelmingly rural and poverty stricken. Today, they are industrialized middle-income countries. May be some Islamic countries should follow the lead of Turkey, the country which was transformed into an economically vibrant democracy. Mustafa Kemal Ataturk, founder of Turkish Republic, in 1929 abolished the caliphate and imposed strict church-state divide.After 1980, Turgut Ozal removed barriers to foreign trade and investment. Party’s Islamic heritage hasn’t prevented it from embracing a policy of economic modernization. Today, Turkey is the world's fifteenth-largest economy and a member of G-20. Example of Turkey suggests that it is possible to industrialize, modernize and still be faithful to religion, but Islam should not intervene in economic and political activities for its own sake, this will prevent Islam from being changed under the political influence and will maintain its cleanness.So, Islamic countries are not i n perfect condition, however they have all opportunities to prosper. This research paper analyzed just some of the factors, further researches and surveys needs to be conducted to identify other possible problems of static economy of Muslim world and to provide empirical and statistical information on Timur Kuran’s arguments. References

American Civil War Battles

American Civil War Battles The battles of the Civil War were fought across the United States from the East Coast to as far west as New Mexico. Beginning in 1861, these battles made a permanent mark upon the landscape and elevated to prominence small towns that had previously been peaceful villages. As a result, names such as Manassas, Sharpsburg, Gettysburg, and Vicksburg became eternally entwined with images of sacrifice, bloodshed, and heroism. It is estimated that over 10,000 battles of various sizes were fought during the Civil War as Union forces marched towards victory. The battles of the Civil War are largely divided into the Eastern, Western, and Trans-Mississippi Theaters, with the bulk of the fighting taking place in the first two. During the Civil War, over 200,000 Americans were killed in battle as each side fought for their chosen cause. The battles below are arranged by year, theater, and state. 1861 Eastern Theater April 12-14: Battle of Fort Sumter, South CarolinaJune 3: Battle of Philippi, VirginiaJune 10: Battle of Big Bethel, VirginiaJuly 21: First Battle of Bull Run, VirginiaOctober 21: Battle of Balls Bluff, Virginia Western Theater August 10: Battle of Wilsons Creek, MissouriNovember 7: Battle of Belmont, Missouri At Sea November 8: The  Trent  Affair, at Sea 1862 Eastern Theater March 8-9: Battle of Hampton Roads, VirginiaMarch 23: First Battle of Kernstown, VirginiaApril 5: Siege of Yorktown, VirginiaApril 10-11: Battle of Fort Pulaski, GeorgiaMay 5: Battle of Williamsburg, VirginiaMay 8: Battle of McDowell, VirginiaMay 25: First Battle of Winchester, VirginiaMay 31: Battle of Seven Pines, VirginiaJune 8: Battle of Cross Keys, VirginiaJune 9: Battle of Port Republic, VirginiaJune 25: Battle of Oak Grove, VirginiaJune 26: Battle of Beaver Dam Creek (Mechanicsville), VirginiaJune 27: Battle of Gaines Mill, VirginiaJune 29: Battle of Savages Station, VirginiaJune 30: Battle of Glendale (Fraysers Farm), VirginiaJuly 1: Battle of Malvern Hill, VirginiaAugust 9: Battle of Cedar Mountain, VirginiaAugust 28-30: Second Battle of Manassas, VirginiaSeptember 1: Battle of Chantilly, VirginiaSeptember 12-15: Battle of Harpers Ferry, VirginiaSeptember 14: Battle of South Mountain, MarylandSeptember 17: Battle of Antietam, MarylandDecember 13: Battle of Fredericksburg, Vi rginia Trans-Mississippi Theater February 21: Battle of Valverde, New MexicoMarch 7-8: Battle of Pea Ridge, ArkansasMarch 26-28: Battle of Glorieta Pass, New MexicoDecember 7: Battle of Prairie Grove, Arkansas Western Theater January 19: Battle of Mill Springs, KentuckyFebruary 6: Battle of Fort Henry, TennesseeFebruary 11-16: Battle of Fort Donelson, TennesseeApril 6-7: Battle of Shiloh, TennesseeApril 12: Great Locomotive Chase, GeorgiaApril 24/25: Capture of New Orleans, LouisianaJune 6: Battle of Memphis, TennesseeSeptember 19: Battle of Iuka, MississippiOctober 3-4: Second Battle of Corinth, MississippiOctober 8: Battle of Perryville, KentuckyDecember 26-29: Battle of Chickasaw Bayou, MississippiDecember 31-January 2, 1863: Battle of Stones River, Tennessee 1863 Eastern Theater May 1-6: Battle of Chancellorsville, VirginiaJune 9: Battle of Brandy Station, VirginiaJuly 1-3: Battle of Gettysburg, PennsylvaniaJuly 3: Battle of Gettysburg: Picketts Charge, PennsylvaniaJuly 11 18: Battles of Fort Wagner, South CarolinaOctober 13-November 7: Bristoe Campaign, VirginiaNovember 26-December 2: Mine Run Campaign, Virginia Trans-Mississippi Theater January 9-11: Battle of Arkansas Post, Arkansas Western Theater Fall 1862-July 4: Vicksburg Campaign, MississippiMay 12: Battle of Raymond, MississippiMay 16: Battle of Champion Hill, MississippiMay 17: Battle of Big Black River Bridge, MississippiMay 18-July 4: Siege of Vicksburg, MississippiMay 21-July 9: Siege of Port Hudson, LouisianaJune 11-July 26: Morgans Raid, Tennessee, Kentucky, Indiana, OhioSeptember 18-20: Battle of Chickamauga, GeorgiaOctober 28-29: Battle of Wauhatchie, TennesseeNovember-December: Knoxville Campaign, TennesseeNovember 23-25: Battle of Chattanooga, Tennessee 1864 Eastern Theater February 16: Submarine  H.L. Hunley  Sinks USS  Housatonic, South CarolinaFebruary 20: Battle of Olustee, FloridaMay 5-7: Battle of the Wilderness, VirginiaMay 8-21: Battle of Spotsylvania Court House, VirginiaMay 11: Battle of Yellow Tavern, VirginiaMay 16: Battle of New Market, VirginiaMay 23-26: Battle of North Anna, VirginiaMay 31-June 12: Battle of Cold Harbor, VirginiaJune 5: Battle of Piedmont, VirginiaJune 9, 1864-April 2, 1865: Siege of Petersburg, VirginiaJune 11-12: Battle of Trevilian Station, VirginiaJune 21-23: Battle of Jerusalem Plank Road, VirginiaJuly 9: Battle of Monocacy, MarylandJuly 24: Second Battle of Kernstown, VirginiaJuly 30: Battle of the Crater, VirginiaAugust 18-21: Battle of Globe Tavern, VirginiaSeptember 19: Third Battle of Winchester (Opequon), VirginiaSeptember 21-22: Battle of Fishers Hill, VirginiaOctober 2: Battle of Peebles Farm, VirginiaOctober 19: Battle of Cedar Creek, VirginiaOctober 27-28: Battle of Boydton Plank Road, Virginia Trans-Mississippi River April 8: Battle of Mansfield, LouisianaOctober 23: Battle of Westport, Missouri Western Theater May 13-15: Battle of Resaca, GeorgiaJune 10: Battle of Brices Cross Roads, MississippiJune 27: Battle of Kennesaw Mountain, GeorgiaJuly 20: Battle of Peachtree Creek, GeorgiaJuly 22: Battle of Atlanta, GeorgiaJuly 28: Battle of Ezra Church, GeorgiaAugust 5: Battle of Mobile Bay, AlabamaAugust 31-September 1: Battle of Jonesboro (Jonesborough), GeorgiaNovember 15-December 22: Shermans March to the Sea, GeorgiaNovember 29: Battle of Spring Hill, TennesseeNovember 30: Battle of Franklin, TennesseeDecember 15-16: Battle of Nashville, Tennessee 1865 Eastern Theater January 13-15: Second Battle of Fort Fisher, North CarolinaFebruary 5-7: Battle of Hatchers Run, VirginiaMarch 25: Battle of Fort Stedman, VirginiaApril 1: Battle of Five Forks, VirginiaApril 6: Battle of Saylers Creek (Sailors Creek), VirginiaApril 9: Surrender at Appomattox Court House, Virginia Western Theater March 16: Battle of Averasborough, North CarolinaMarch 19-21: Battle of Bentonville, North CarolinaApril 2: Battle of Selma, Alabama

Shuvuuia - Facts and Figures

Shuvuuia - Facts and Figures Name: Shuvuuia (Mongolian for bird); pronounced shoo-VOO-yah Habitat: Plains of Asia Historical Period: Late Cretaceous (85-75 million years ago) Size and Weight: About two feet long and five pounds Diet: Insects and small animals Distinguishing Characteristics: Small, birdlike head; dinosaur-like forelimbs; primitive feathers About Shuvuuia Shuvuuia is one of those ancient dino-birds that gives paleontologists fits,comprised as it is of an equal number of bird-like and dinosaur-like characteristics. The beaked snout of this late Cretaceous creature, for example, was distinctly birdlike, as were its long legs and three-toed feet, but its too-short arms call to mind (in much smaller proportions, of course) the stunted limbs of bipedal theropods like Tyrannosaurus Rex. Lately, the consensus is that the almost certainly feathered Shuvuuia was closer to a dinosaur than it was to a prehistoric bird, but as with the much earlier Archaeopteryx, this issue may never be settled conclusively. (By the way, Shuvuuia also stands out for being one of the prehistoric animals whose name is not derived from Greek rootsshuvuu is the word for bird in Mongolia, where Shuvuuias remains were discovered in 1987.) Technically, Shuvuuia is classified as an alvarezsaur, meaning it was closely related to the roughly contemporary Alvarezsaurus of South America (as were many of the dino-birds that lived in this region of central Asia, including another close Shuvuuia relative, Kol). Perhaps more tellingly, the tiny Shuvuuia inhabited a rich, complex, and extremely dangerous ecosystem already well-stocked with predatory raptors like Velociraptor and Tsaagan and feathered troodontids like Gobivenator and Byronosaurus. Given its small size, Shuvuuia would have been fairly low down on the food chain, and probably spent most of its day evading these larger dinosaursperhaps by squeezing itself into the same crooks of trees from whence it pried out termites and grubs for its dinner.

Environmental lab Assignment Example | Topics and Well Written Essays - 250 words - 1

Environmental lab - Assignment Example In comparisons of the two in terms of energy potential, nuclear produces 10100 energy from an equivalent 1 kg of both. Therefore, there is no doubt nuclear potential is very impressive, but the two have got environmental impacts that needs thorough consideration (Caldicott, 2007). For this research, the main methodology for data collection was animation from MUSE lab. After login, data was collected in accordance with the time changes along the time frame. The data on the quantity of carbon, sulphur, amount of both uranium and coal needed, and accident associated with each are recorded for analysis. From the gathered data, it can be seen that large quantity of Coal is burn than uranium and at the same time carbon dioxide emission is higher when using coal. Sulphur pollution lacks in nuclear plants. Very little is produced as waste in the nuclear plant whole year through while when using coal massive waste is produced (Neeb, 1997). When it comes to accidents, nuclear plants have put in place tight measures in order to reduce accidents as much as possible. Mostly, reaction of uranium is very severe and leads to the production of high energy. As a result, nuclear power is proving to be more sustainable though its safety is still questionable (GiereÃŒ  & Stille,

Problem list Assignment Example | Topics and Well Written Essays - 250 words

Problem list - Assignment Example 17). Unfavorable material price variance is majorly caused by the purchase of better quality and expensive raw materials than the budgeted ones, damage of materials after arrival requiring an urgent reorder on a rush basis. All these factors work to raise the price of raw materials causing an unfavorable price variance. The individuals who should be held responsible for unfavorable material price variance is the purchase manager since he is the one having control over price paid for goods and any other price variations. Unfavorable labor efficiency variance on the other hand is caused by poor quality of raw materials, poorly trained workers, faulty equipments, poor supervision of workers, and poorly motivated workers among others. The person responsible for labor efficiency variance is the production manager, production manager in case he orders the purchase of poor materials and the work center managers responsible for workers in the various departments. Ethical principles of confidentiality and integrity require that employees of the organization should act in the utmost benefit of the company’s interest. In addition the management accountants of any organization are required to maintain the highest standards of ethical conduct in their duties. In this respect they should not use any information about their company for their selfish gain, since confidentiality principle requires them not to disclose any confidential information they have acquired from the company in the course of their work with them. Being Tastee Fruit Company’s Accountant, Adams is exposed to some vital information about the company for example the prices in which it buys its raw materials. By the fact he disclosed this information to his friend; Adams has appeared to and has used the confidential information about the company for an unethical advantage of his friend, a third party to the organization. In addition, if he were to suggest a cheaper supply of