1999
DOI: 10.1108/03068299910227318
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The new traditional economy

Abstract: This paper argues that a new economic system is emerging in the world economy, that of the new traditional economy. Such an economic system simultaneously seeks to have economic decision making embedded within a traditional socio-cultural framework, most frequently one associated with a traditional religion, while at the same time seeking to use modern technology and to be integrated into the modern world economy to some degree. The efforts to achieve such a system are reviewed in various parts of the world, w… Show more

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Cited by 14 publications
(4 citation statements)
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“…Humanity is in search of a new economic system which could resolve the instability problems created by the capitalism in the recent past. A new economic system based on religion, traditions, culture and Islamic civilization is emerging in the world (Rosser, Barkley Rosser Jr, & Kramer Jr, 1999). In a similar fashion Chapra (2009) argues that the capitalism is subject to economic recessions and has resulted in the failure of conventional banking system.…”
Section: Need Of Ibf As An Alternative Paradigmmentioning
confidence: 95%
“…Humanity is in search of a new economic system which could resolve the instability problems created by the capitalism in the recent past. A new economic system based on religion, traditions, culture and Islamic civilization is emerging in the world (Rosser, Barkley Rosser Jr, & Kramer Jr, 1999). In a similar fashion Chapra (2009) argues that the capitalism is subject to economic recessions and has resulted in the failure of conventional banking system.…”
Section: Need Of Ibf As An Alternative Paradigmmentioning
confidence: 95%
“…Rosser and Rosser (2004) and Carson (1998) mention that Sweden, along with other Scandinavian countries, ranks highly in the Gender Development Index (GDI), but neither text explores how this might relate to Sweden's particular economic system. While Rosser and Rosser provide some insights, their discussion of whether Sweden is ''feminist or feminine'' is treated as supplemental material relegated to a box outside the main text (2004: 216 Box 8.1).…”
Section: Textbooksmentioning
confidence: 98%
“…For example, the recent revision of J. Barkley Rosser and Marina V. Rosser (2004), the only text with at least one female author, includes some acknowledgment of women in almost every chapter. These authors take a step toward treating gender as an integral part of economic systems by including data disaggregated by sex as a key measure of each economy's success.…”
Section: Textbooksmentioning
confidence: 98%
“…However, we acknowledge that the GPE does not apply uniformly to all modern societies. For example, Japanese culture retains many features rooted in locality and tradition (Rosser et al 1999, Tanimoto 2006), whereas otherwise very much part of the global economic system. Likewise, many local societies (although decreasingly so) maintain longstanding practices that do not conform to the principles of the GPE (Watson 2019).…”
mentioning
confidence: 99%