Islam and capitalism in the making of modern Bahrain /
"In recent decades, the culture, society, politics, and economics, indeed the national identities, of Bahrain have been transformed, driving its global ambitions while retaining, to a degree, the rule of law and cosmopolitanism. Bahrain has sought to liberate the economy and business through th...
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| Format: | eBook |
| Language: | English |
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Oxford, United Kingdom ; New York, NY :
Oxford University Press,
[2023]
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | "In recent decades, the culture, society, politics, and economics, indeed the national identities, of Bahrain have been transformed, driving its global ambitions while retaining, to a degree, the rule of law and cosmopolitanism. Bahrain has sought to liberate the economy and business through the evolution of a legislative framework, although one often manipulated by the monarchy. At the same time, the Islamic charities in Bahrain, have provided a degree of autonomy and legal clarity for the Shi'ite majority in what is a Sunni-dominated state. Their powerful presence has moderated commercial capitalism and aggressive nationalism. Moreover, Bahrain has achieved a remarkable transformation towards market-led capitalism, seen most notably in its emergence as a major centre of Islamic finance and in the creation of substantial industrial diversification. As a result, Bahrain has become integral to the success of the Gulf Cooperation Council, attracting the vast oil wealth of its Gulf neighbours. It has frequently been argued that oil resources have been a curse for those who possess them. That has not been the case with Bahrain, but it has brought fractures to the society and to its politics. Notable here is the large presence of foreign labour, particularly in the private sector, which has impeded the development of essential skills and the improvement of labour productivity for indigenous labour. The education and skills gap between foreign and local labour is arguably more divisive for modern Bahrain than the religious divisions between the Sunni state and its Shi'a majority"--Publisher's description. |
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| Physical Description: | 1 online resource |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 0191976504 9780191976506 9780192874689 0192874683 9780192874696 0192874691 |