characters The Long Divergence: How Islamic Law Held Back the Middle East
Production and impersonal exchange By the nineteenth century modern economic institutions began to be transplanted to the Middle East but its economy has not caught up And there is no uick fix today Low trust rampant corruption and weak civil societies all characteristic of the region's economies today and all legacies of its economic history will take generations to overcome The Long Divergence opens up a frank and honest debate on a crucial issue that even some of the most ardent secularists in the Muslim world have hesitated to discuss Choic.
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In the year the economy of the Middle East was at least as advanced as that of Europe But by the region had fallen dramatically behind in living standards technology and economic institutions In short the Middle East had failed to modernize economically as the West surged ahead What caused this long divergence And why does the Middle East remain drastically underdeveloped compared to the West In The Long Divergence one of the world's leading experts on Islamic economic institutions and the economy of the Middle East provides a new answer to the.
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Se long debated uestions Timur Kuran argues that what slowed the economic development of the Middle East was not colonialism or geography still less Muslim attitudes or some incompatibility between Islam and capitalism Rather starting around the tenth century Islamic legal institutions which had benefitted the Middle Eastern economy in the early centuries of Islam began to act as a drag on development by slowing or blocking the emergence of central features of modern economic life including private capital accumulation corporations large scale.