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- Autonomy (Political science) (1)
- Communism (1)
- Cuba (1)
- Cuba -- Politics & government (1)
- Cuban Autonomy (1)
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- Economic Reforms (1)
- Expanding Horizons (1)
- Fidel Castro (1)
- Financial crises (1)
- Forward contracts (1)
- Global Economic Reforms (1)
- Globalization (1)
- Harmonization (1)
- Hedge funds -- Law & legislation (1)
- Islamic law (1)
- Isolationism (1)
- Prohibitions on Risk and Speculation (1)
- Raúl Castro Ruz (1)
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Articles 1 - 2 of 2
Full-Text Articles in Law
Forward Contracts - Prohibitions On Risk And Speculation Under Islamic Law, Nicholas C. Dau-Schmidt
Forward Contracts - Prohibitions On Risk And Speculation Under Islamic Law, Nicholas C. Dau-Schmidt
Indiana Journal of Global Legal Studies
Forward contracts allow buyers and sellers of goods to reduce risk by contracting for sale at a predetermined price and quantity prior to the actual exchange of goods and payment. While forward contracts are extensively used in the Western world without restriction, those who adhere to Islamic law are often constrained by principles intended to reduce risk, gambling, and usury. These principles can prove overly restrictive; however, Islamic law restrictions also illuminate the problems associated with the overly permissive Western system in which speculators contract in a manner tantamount to gambling-a problem associated with the recent financial crisis. This Note …
Harmonization, But Not Homogenization: The Case For Cuban Autonomy In Globalizing Economic Reforms, Heather Shreve
Harmonization, But Not Homogenization: The Case For Cuban Autonomy In Globalizing Economic Reforms, Heather Shreve
Indiana Journal of Global Legal Studies
Since 1959, Cuba has been an anomaly in the Western Hemisphere. From its fierce isolationism to its steadfast commitment to-communism and Fidel Castro, the Cuban model shunned many modern conventions and developments of the increasingly globalized world. However, in the last decade, subtle shifts in Cuban governance and control led some scholars to question if and how Cuba could participate in the modern, global economy. President Razil Castro answered the speculation in late 2010 with an announcement regarding Cuban economic modernization and, again, in 2011, as significant economic reforms were implemented. All of these changes beg the ultimate question: Can …