Logistics in the Asian-Pacific Rim is a complex and sometimes precarious business. Professor Peter J. Rimmer considers how to best understand logistics in this area and looks towards the future.
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December 11, 2014
Is interest-free banking the answer to our prayers? Bernard Lietaer and Islamic Banking – by Hans Visser
December 13, 2013
Now that the conventional financial sector is in a bit of a mess, people are looking for alternatives. One solution that is enjoying popularity is the age-old ideal of interest-free banking. Two questions present themselves: 1. are the ideas behind interest-free banking sound, and 2. does it work? […]
Prohibition of riba: Modernist vs. Orthodox and the ‘need’ for Islamic Financial Institutions – by Muhammad Akram Khan
August 29, 2013
The rationale for developing Islamic Financial Institutions (IFIs) parallel to Conventional Financial Institutions (CFIs) emanates from the Muslim orthodox interpretation that equates the Qur’anic prohibition of riba with all types of interest. Since the major business of CFIs involves dealing in interest, the orthodox interpretation concluded that the business of CFIs was prohibited in Islam. That led to the need for an alternative basis for banking business within the Islamic framework.
June 27, 2013
In a global context characterized by growing greenhouse gas (GHG) emissions and higher CO2 concentrations in the atmosphere, there exists strong and increasingly convincing evidence that climate change is already having an impact in nearly all places on the globe and on a wide variety of natural and societal processes. When the Fifth Assessment Report (AR5) is finalized in 2014, the negotiations will be recalibrated in light of this new consensual knowledge base. As far as we can judge from the cumulative scientific evidence, attaining the 2°C goal will be highly unlikely unless there is a rapid and fundamental reversal in climate politics at the global level and in national policymaking. In fact, scientists of the Intergovernmental Panel on Climate Change are calling for a peak in GHG emissions before 2020 and fast and deep cuts thereafter (IPCC 2007: 67). It is therefore no exaggeration to speak of this decade as the ‘pivotal decade’ in climate politics. A sense of urgency, hard and ambitious political commitments, the conclusion of a global deal, and practices of production and consumption adapted to the challenge are minimal requirements. This is beyond any doubt a daunting challenge and arguably one of a magnitude that humanity has never faced before.
May 17, 2013
As many industrialized nations seek to raise consumer demand, reduce unemployment and trigger seemingly elusive economic growth, all eyes are on Japan. There, bold measures against past practice are making international headlines.