The concept of risk-sharing in financial and social contracts is one of the unique features of Islamic finance. Many theoretical studies generally claim superiority of an Islamic financial system based on pure equity and participatory modes of financing, while empirical studies provide mixed...

In many developing and transition economies Mafia-like activities are rampant. Extortion and other forms of predation lower profitability in private businesses and distort investment incentives. Incorporated in a model of industrialization, bimodal club convergence may result. Economies may get...

The volume offers an account of uneven globalization and its implications for human insecurity (Part 1) and regional development (Part 2) in Southern Africa. Poku details the implications of uneven globalization for human insecurity on the African continent more generally and Southern Africa,...