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aub_admin January 05, 2006 19 Views

Resource Mobilisation for Development

Distinguished Scholar & Founder

Professor Dr. Abul Hasan M. Sadeq
Founder & Founder Vice Chancellor
Asian University of Bangladesh (AUB)

Book Publication

Book: Financing Economic Development: Islamic and Mainstream Approach
Publisher: Longman Malaysia
Year: 2006 (Reprint/Updated)

The Dialectics of Multidimensional Development

In this fundamental study, Professor Dr. Abul Hasan M. Sadeq explores the critical role of resource utilization across the "multidimensional spectrum" of development. He argues that development is not limited to material wealth but encompasses economic, non-economic, spiritual, and material progress.

Key Perspectives of the Research:
  • Prerequisites for Growth: Identifying capital formation and technological change as the primary drivers of development. The availability and smooth supply of investible resources are presented as prerequisites for production and managerial excellence.
  • The Economics of Spirituality: Professor Sadeq introduces a unique perspective by arguing that even spiritual development requires material resources. He notes that the dissemination of knowledge, education, media usage, and the protection of society all demand significant material and human capital.
  • Divine Incentive: The research highlights how the Islamic code of life provides a unique institutional framework that incentivizes the efficient mobilization of resources, viewing "spending for the development of spiritual values" as a divine instruction.
  • Institutional Framework: Proposing that an Islamic approach creates a more conducive environment for resource mobilization by aligning individual incentives with collective societal welfare.
The work concludes that adequate resource mobilization is the heartbeat of any advancing civilization, providing the necessary fuel for both the industrial production process and the establishment of moral and social norms.
Core Concepts: Resource Mobilization, Capital Formation, Spiritual Development, Economic Growth, Institutional Incentives, Multidimensional Development, AUB.