Islam, Globalization, and Poverty Alleviation

Abstract

Globalization is global as well condition and situation, neither economically, politically, and socially. All countries that embrace open economic system have participa- ted in the system of globalization. Today the world is under the influence of super power world. For instance, using dollar as the official currency for in- ternational transactions, so that dollar dominates in international transac- tions. As a result, the value of the debt of developing countries has increas- ed due to the rising price of dollar. The increment of the debt value in deve- loping countries led the government reduces subsidies for the community. Thus economic hardship perceived more and more for poor people. This resulted that poverty is hard to be alleviated. This article analyzes the vari- ous Islamic perspective and thoughts on the impact of globalization on po- verty alleviation