Crony Capitalism is thriving in Muslim Countries

Posted on May 14, 2016

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Source: The Economist, Data Team

Malaysia, Indonesia and Turkey are among the main culprits in the Muslim world that engage in crony capitalism. 

“POLITICAL connections have always greased the wheels of commerce. But for the past 20 years, from Malaysia to Mexico, crony capitalists—individuals who earn their riches thanks to their chumminess with government—have had a golden era. Worldwide, the worth of billionaires in crony industries soared by 385% between 2004 and 2014, to $2 trillion. The Economist’s crony-capitalism index tries to measure the extent of this graft for a number of important countries.”

Please click here to read the remainder of this article from the Economist.

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Posted in: Islam