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Impact of Religion on Global Economy Essay Example

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Impact of Religion on Global Economy

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Impact of Religion on Global Economy. The first category is about the micro-foundation of participation of the religious foundations. The second deals with the economic implications of the religious participation. The third category investigates the religious teachings to critique economic policies. Throughout the discussion, the focus would be on the second category, which is the economic implication of the religious participation.There is loads of literature on the economic implications of the religious affiliations. For example, Lowry (1998) asserts that since the religious affiliation plays a vital role in developing in his mind the image of an ideal society and thus, the society in which the people of a particular religion dwells, reflects the religious beliefs of the people of the society.

For example, in a society where high value is given to honesty or trustworthiness tells that the religion prevailing in that society has given high value to the ethical values and thus, as the implication of such high emphasis on the ethical values, the business matters would also not go against the ethical premises of the religion prevailing in that society. One of its best examples is the business of wine in the typical Muslim countries as Pakistan, the use as well as trade of wine is strictly prohibited in Islam. The same value reflects from the Muslim society prevailing there and hence the idea of doing a wine business there is simply futile. So on the basis of these reasons; Lowry claims that the religious affiliation provides the basis of one’s belief about the “good society”. This belief is then reflected in the particular policies that affiliation adopts.The same researcher, Lowry (1998) also argues that the strength of an individual’s attachment, as a result, affects the degree of the policy convictions. There is an interesting finding of Lowry, he finds that the number of members per household of Judeo Christian denominations has an inverse and noteworthy effect on state membership rates to groups which are in the favor of the preservation of the environment. The issue of the preservation of the environment is related to many heavy industries and the future of those industries can exist only when the environmental advocacy calms down. The outcomes of his finding further tells that religious attachment directly affects the membership to sportsmen groups that is in the. Impact of Religion on Global Economy.

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Bibliography

1. Amstutz, Mark R., 2001 “Faith-Based NGO’s and U.S. Foreign Policy,” in Elliott Abrams, ed., TheInfluence of Faith: Religious Groups and U.S. Foreign Policy, New York: Rowman and Littlefield.

2. Bane, Mary Jo, and Lawrence Mead 2003 Lifting Up the Poor: A Dialogue on Religion, Poverty and Welfare Reform, Washington DC: Brookings Press.

3. Barro, Robert J., and Rachel M. McCleary, 2002 “Religion and Political Economy in an International Panel,” Harvard University.

4. Bearce, David, H., “Societal Preferences, Partisan Agents, and Monetary Policy Outcomes,” International Organization, 57(Spring 2003)

5. Blank, R. 2004. Is the Market Moral?: A Dialogue on Religion, Economics, and Justice (The Pew Forum Dialogues on Religion and Public Life). Washington, D.C.: Brookings Institution Press.

6. Blank, Rebecca M., and William McGurn, 2004 Is the Market Moral? A Dialogue on Religion, Economics, and Justice , Brookings Press.

7. Block, W. 2001. Religion, Economics and Social Thought. Vancouver, BC: Fraser Inst.

8. Gay, Craig M., 1991 With Liberty and Justice for Whom? The Recent Evangelical Debate over Capitalism,Grand Rapids: William B. Eearmans Publishing Company.

9. Glaeser, Edward L. and Spencer Glendon. 1998 “Incentives, Predestination and Free Will.” EconomicInquiry , VXXXVI, July.

10. Graham, Thomas W., 1994 “Public Opinion and U.S. Foreign Policy Decision Making,” in David A. Deese, ed., The New Politics of American Foreign Policy, New York: St. Martin’s Press Inc.

11. Gwin, Carl R. and Charles M. North. 2002 “Religious Freedom and the Unintended Consequences of the Establishment of Religion,” Baylor University.

12. Iannaccone, Laurence, R. 1998. “Introduction to the Economics of Religion,” Journal of EconomicLiterature, XXXVI, September

13. Jelen, Ted Gerald, and Clyde Wilcox 2002 Religion and politics in Comparative Perspective, Cambridge: Cambridge University Press.

14. Leege, David C. and Lyman A. Kellstedt, 1993 Rediscovering the Religious Factor in American Politics, Armonk, New York: M. E. Sharpe.

15. Lowry, Robert C. 1998 “Religion and the Demand for Membership in Environmental Citizen Groups.” Public Choice, V94.

16. Mehanna, Rock-Antoine . (2002) “International Trade, Religion, and Political Freedom: An Empirical Examination,” Wartburg College.

17. Nelson, R. 2000. Economics As Religion: From Samuelson to Chicago and Beyond. University Park: Pennsylvania State University Press.

18. Samuelsson, K. 1961. Religion and Economic Action. CP: Scandinavian University Books.

19. United Methodist Church, The, “Text of: 31850—0-V, Amend Social Principles,” General Conference 2000, May 2 – 12.

20. United States Conference of Catholic Bishops , “International Trade Backgrounder,” Social Development and World Peace, Octobe r, 2002.

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preview essay on Impact of Religion on Global Economy
  • Pages: 12 (3000 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Undergraduate
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