Technology in Muslim Nations | Global Economic Growth

By: Anne Catherine

The whole world is witnessing a major low as regards economy. Most of the countries in the world be it the developed, the developing or the underdeveloped are facing difficulties in tackling issues like inflation, and regression. Sadly enough it is the common man who is bearing the brunt of this state of affairs. And one can't really blame the governments also. They are trying their best in order to bail out their citizens from this grim state of political affairs. The situation has become worse for the under developed nations. They already have a below par economy and on top of that are confronted by these economic instabilities. Talking about the underdeveloped nations a very interesting and at the same time a very saddening fact as regards the underdeveloped nations is that most of the Muslim nations of the world belong to this category. Around 80% of the Muslim countries find themselves in the list of the underdeveloped nations. Muslim countries have almost come to be characterized by their economic jeopardy and political disturbances.

In the list of the underdeveloped countries the majority of the Muslim countries find their names. Apart from economics most of the Muslim countries have a very sorry political state. Political instability and disturbances find themselves translated into the socio economic picture also. Political differences and problems prove to be a major obstacle in stabilizing a country economically. The countries with political and social difficulties fail to reap the benefits of the booms that economy witnesses all over the world. Unfortunately, most of the Muslim countries have so many intriguing internal issues to solve and look into that cashing on the international economic booms is a far cry.

Another hurdle that proves to be a big impediment towards growth and development of the underdeveloped Muslim nations is the problem of militancy. It is not as if all the Islamic countries are plagued by terrorism but the world conception is very much like this. Needless, to say things deteriorated from worse to worst after the terrorizing attacks of 9/11 and the shaking London bombings on 7th July 2005 sometimes also known as 7/7. Most of the Muslim countries came to be unanimously thought of as terrorist encouraging nations by the outside world. Developmental works are at an all time low and other social issues also affect the economic condition of these countries a lot. Gender disparity, biased and fanatic attitudes, horrifically low literacy rates, unemployment all contribute to the pathetic condition of these nations. All these conditions are pulling these nations down while other third world countries have made the maximum from booming global economic factors like ecommerce.

India which is a developing nation has made great strides in the field of ecommerce and IT consulting by . Many offshore companies and primarily the American traders approach the Asian software companies for things like , and so forth. Out of all Indian software company is preferred for the cheap rates, credibility and within time solutions.

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