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Impact of Religion on Global Economy - Essay Example

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The work concerns the problem of what factors drive the economic activities and to what purpose these activities are intended to. The author describes views of a number of schools on the matter. The work shows the latest studies, where the focus shifted to religion as the driving and blocking force for many economic activities on individual as well as the global level. This paper is intended to analyze the nature of impact of the religion on the economic growth, economic policies, and global economy. To achieve this purpose, the discussion is divided into two parts. The first part is dedicated to the revision of what various theories and the researchers have to say about the issue. While, the second part of the discussion is focused on some examples demonstrating what is revealed out by the researchers and their theories. The author comes to the conclusion that an action motivated by the religious sentiments drastically affect the global economies. Business / economics and the religion both affect each other. The examples of the US Immigration Policy, the trade relation of Israel, oil crisis of 1973 etc. all these portray a fine picture of the fact that the religion has, to a very great extent, been a source of effecting the economy. The economic motives are often influenced by the religious motives, or vise versa, the economic policies may impact the religion as well. The author states that in the contemporary world the change in any dimension of one nation may affect another nation significantly. ...Show more
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Summary

The paper is aimed at researching the factors which stimulate the development of economics. One of them is dwelt on in details. It is the influence of religion on the economic growth, economic policies, and global economy and vice versa.

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