China is cultivating a new wave of visionaries in a bid to revive its slowing economic growth. But it also faces allegations of unfair trade practices and intellectual piracy by some of its major trading partners in the US and Europe. 101 East takes a closer look at the issue.
Alternative currencies are popping up all over the world, including Spain, where the economic downturn has people looking for and needing something else: the boniato.
People in Hong Kong are protesting Beijing’s interference in the 2017 elections for Hong Kong’s main leader. But as much as Hong Kongers are calling for democracy, they’re also fighting for the economic future of Asia’s financial center.
The Jordanian cabinet approved, last month, the recommendation of the Committee on Economic Development, calling for supplying Jordan with natural gas from the gas field discovered in the Palestinian water of the Gaza Marine
A memorandum of understanding is due to be signed between Israel and Jordan in the reservoir of Leviathan to export Israeli natural gas to Jordan during the next 15 years with a total value of $15 billion, an Israeli newspaper reported yesterday.
By: Rasha Mohammad
Extremism — what a shackling word we are used to hearing over and over these days!
Mass clashes, assassinations, protests, and violent attacks are manifestations of an extremist way of thinking or believing.
To many, extremism is linked to religion. To be religious often labels a person as an extremist — or, as average people call it, a “terrorist.”
The 40th president of the United States, Ronald Reagan famously stated in a piece in the New York Times in 1993,
“May I offer you the advice of the 14th century Arab historian Ibn Khaldun, who said: “At the beginning of the empire, the tax rates were low and the revenues were high. At the end of the empire, the tax rates were high and the revenues were low.”
And, no, I did not personally know Ibn Khaldun, although we may have had some friends in common!”1
Although one may agree or disagree with the conservative economic policies of Ronald Reagan, there is no denying the genius of the man he is quoting – Ibn Khaldun. He was centuries ahead of his time. His monumental work, the Muqaddimah, published in 1377, is hard to categorize. All at once it is a resource on history, Islam, science, sociology, economics, politics, warfare, and philosophy. One article on the entire book would be a disservice to Ibn Khaldun and the great amount of knowledge he left for subsequent generations. Instead, this article will focus only on some of his economic ideas, which centuries later form some of the basic ideas we use in government taxation today.