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Waqf is a religious endowment or trust, or in other words, a voluntary and irrevocable dedication of one’s wealth or a portion of it, in cash or in kind, and its disbursement for the…
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Zakat, most broadly, is a type of almsgiving which is a must to pay for every Muslim who has wealth beyond a certain threshold. It is defined as an Islamic tax on wealth, and those who reach a…
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Zakat as a socio-financial tool is used to circulate the wealth in the society from rich to poor. By disbursing zakat to the needy and poor, zakat helps create a caring society where poverty can be…
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From an Islamic perspective, human beings are not the real owners of wealth or resources, but their role is that of a trustee, appointed by the creator. Therefore, humans are obliged to use resources…
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Nicolas Maennling answers questions about the policies necessary for the sustainable management of natural resource wealth. This video is licensed under the CC BY-NC-SA license.
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Elizabeth McGrath answers question about how countries translate natural resource wealth into sustainable development outcomes. This video is licensed under the CC BY-NC-SA license.
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Systemic racism has contributed to the persistence of race-based gaps that manifest in many different economic indicators. The starkest divides are in measures of household wealth, reflecting…
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From Carol Graham, one of the first economists to start thinking about happiness and wellbeing as part of science, learn about happiness and its complex connection to our health, relationships and…
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Internationalization & Reform: YS Kim (1993~97) and DJ Kim (1998~2002) Governments. This video is licensed under the CC BY-NC-SA license.
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Summary of some of the major lessons of Korea's unique trajectory from one of the world's poorest countries to one of the world's richest countries with the 10 major lessons of…
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What is the link between employment, work, and wealth? This video is licensed under the CC BY-NC-SA license.
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Andrew Bauer from the Natural Resource Governance Institute answers questions about revenue management and sovereign wealth funds. This video is licensed under the CC BY-NC-SA license.
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This chapter discusses the way that wealth and inequality is perpetuated across generations and how class inequalities are reproduced across generations. This video is licensed under the CC BY-NC-SA…
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Jeffrey Sachs notes that it is, on the whole, good to have mineral resources or coal, oil, or gas resources as major inputs to the economy; major inputs to economic development to countries that are…
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This chapter talks about business capital and business decisions, specifically profit-oriented investment. Investment decisions are evaluated on a basic condition, which is whether the investment…
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This chapter discusses the cost of inflation, through both expected and unexpected inflation. Inflation is a tax over the money balance that agents hold. Professor Larraín touches upon terms…
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