Islamic Political Economy in National Development

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GMGF5324 POLITICAL ECONOMY

ASSIGNMENT:
ISLAMIC POLITICAL ECONOMY IN NATIONAL DEVELOPMENT

PREPARED FOR:
DR. KAMARUDDIN ABDULSOMAD

PREPARED BY:
FATIN HANANI BINTI TARMIDZI

1. WHAT KIND OF NATIONAL DEVELOPMENT HE WAS MENTION?
2. WHAT APPROACH HE DISCUSS IN HIS TALK?
3. YOU COMMENTS?

“The Economic Philosophy of National Development” is the title of what has been presented by Lt. Kol. Prof. Dr. Abdul Razak Chin. He had explained a lot of brilliant ideas on political, national development, mercantilism, Islamic thought and also Islamic political economic in order to develop the nation. First of all, what is economic philosophy that very important in order to achieving the national development? What is philosophy that he had explained in his talk and what kind of philosophy that had be the main key nowadays? According to Lt. Kol. Prof. Dr. Abdul Razak Chin, philosophy in general is philosophy is that branch of knowledge which relates to the concept of divinity. Besides that, with philosophy that we had use, we will endeavor to find the truth and achieve success. Al-Farabi (339H-950M) had explained that philosophy in the context of the love of wisdom or wisdom, and also become cord to every branch of science. In addition, al-Farabi also refers wisdom as makrifullah – a way to know God. Based on my understanding, philosophy is a reflexive question in the threefold sense: it is about philosophy, it is raised by philosophers themselves and, last but not least, it represents an old and difficult philosophical problem. This multiple reflexivity is the reason why trying to find out what philosophy is inevitably becomes not only a way of dealing with philosophy but actually the way of doing philosophy. Once we start discussing philosophy we cannot escape its intellectual grip. Then, he also mentions in his talk that the human needs are no limitation. Human will gain and earn everything that they want as long as they can achieve their mission, target...
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