The COVID-19 pandemic forces us to rethink our economic modelling. Questions such as, what economic models are now relevant and sustainable; can the old theoretical economic models that have long been the lynchpins of our economic learnings and practices be dispensed with; should we be protecting our individual economic interest at the expense of the greater global economic interests, are requiring our attention and solution.
This sub-theme is about economic development and progress. It’s about creating and offering new, suitable economic models of development and success; the minimum GDP or GDP per capita to be achieved by every Muslim country as determined by the Islamic Grouping (nations of Islam); having all nations working in cooperation and in tandem with each other to secure the minimum GDP of each nation; having an existing, successful model being emulated by all; and prioritizing trade with one another.
Our future starts today, and the future is ours only if we manage to navigate and anticipate the instrumentation of tomorrow’s economy. Questions remain: What role should the Muslims and the Muslim World be playing? How should Muslim economies align themselves with global economic models and trends? What economic models of growth, viability, and sustainability should Muslim nations rely on as an alternative to existing economic models?
