Economic freedom in Muslim countries: an explanation using the theory of institutional path dependency
This article explains the level of economic freedom in Muslim countries through the theory of institutional path dependency. Islamic countries are generally not free and they have a poor record regarding property rights. To explain these realities we use the institutional history of Muslim countries. We define three steps: the Arab and Ottoman Empires when Islamic law was of great importance, European colonisation, and the contemporary era with its movement towards a revival of Islam. Islamic law is not liberal. This explain why in general Muslim countries are not free. Colonisation radically changed institutional life in the twentieth century. British colonisation proved to be better than did French or Soviet colonisation. This explains why the Persian Gulf countries are freer. The collapse of the Soviet model explains the speed of liberalisation in former socialist countries (such as Albania, Kyrgyz Republic, and Kazakhstan). Nevertheless, the twentieth century was not just the century of Westernisation. It was also the century of the revival of Islam. The article concludes that the history of the twentieth century does not explain the way in which Muslim countries are attracted by the ideal of the Muslim city. The revival of Islamic intellectual innovations and the evolution of Muslim opinion sustain this thesis. Therefore, there is a dependency on the past and on an imagined future. Islam acts, like yesterday, on the world of institutional possibilities.
|Date of creation:||Aug 2013|
|Date of revision:|
|Publication status:||Published, European Journal of Law and Economics, 2013, 36, 1, 139-167|
|Note:||View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00636998|
|Contact details of provider:|| Web page: http://hal.archives-ouvertes.fr/ |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Juan Botero & Simeon Djankov & Rafael LaPorta & Florencio López-de-Silanes & Andrei Shleifer, .
"The Regulation of Labor,"
19483, Harvard University OpenScholar.
- Scully, Gerald W, 1988. "The Institutional Framework and Economic Development," Journal of Political Economy, University of Chicago Press, vol. 96(3), pages 652-62, June.
- Kuran, Timur, 2003. "The Islamic Commercial Crisis: Institutional Roots of Economic Underdevelopment in the Middle East," The Journal of Economic History, Cambridge University Press, vol. 63(02), pages 414-446, June.
- De Vanssay, Xavier & Spindler, Z A, 1994. " Freedom and Growth: Do Constitutions Matter?," Public Choice, Springer, vol. 78(3-4), pages 359-72, March.
- Hans Pitlik, 2007.
"The Impact of Growth Performance and Political Regime Type on Economic Policy Liberalization,"
WIFO Working Papers
- Hans Pitlik, 2008. "The Impact of Growth Performance and Political Regime Type on Economic Policy Liberalization," Kyklos, Wiley Blackwell, vol. 61(2), pages 258-278, 05.
- Stephen E. Margolis & S.J. Liebowitz, .
"Path Dependence, Lock-in and History,"
Working Paper Series
10, North Carolina State University, Department of Economics.
- Kuran, Timur, 1996. "The Discontents of Islamic Economic Morality," American Economic Review, American Economic Association, vol. 86(2), pages 438-42, May.
- Spindler, Zane A, 1991. " Liberty and Development: A Further Empirical Perspective," Public Choice, Springer, vol. 69(2), pages 197-210, February.
- Brousseau, Eric & Glachant, Jean-Michel, 2008. "A Road Map for the Guidebook," Economics Papers from University Paris Dauphine 123456789/12343, Paris Dauphine University.
- Douglass C. North, 2005.
"Introduction to Understanding the Process of Economic Change
[Understanding the Process of Economic Change]," Introductory Chapters, Princeton University Press.
When requesting a correction, please mention this item's handle: RePEc:hal:cesptp:hal-00636998. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD)
If references are entirely missing, you can add them using this form.