Part II: Speed
Religious freedom means economic growth, study says Mark A. Kellner Tuesday, June 3, 2014
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WASHINGTON — Religious freedom, at first glance, may not seem a key predictor of economic growth. But a new study released this week argues that the more religious freedom a nation has, the better its financial system can perform.
"Religious hostilities and restrictions create climates that can drive away local and foreign investment, undermine sustainable development, and disrupt huge sectors of economies," the Religious Freedom & Business Foundation stated in announcing the findings.
Those conditions, in turn, stifle economic growth, the group says, noting "the ongoing cycle of religious regulation and hostilities" in Egypt following the 2011 overthrow of Hosni Mubarak that has "adversely effected (its) tourism industry and other sectors."
"Perhaps most significant for future economic growth, the study notes that young entrepreneurs are pushed to take their talents elsewhere due to the instability associated with high and rising religious restrictions and hostilities," the RFBF said.
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Growing global concerns
The new study, "Is Religious Freedom Good for Business?: A Conceptual and Empirical Analysis," is authored by three scholars in the field: Brian J. Grim, RBRF founder and president, who also is affiliated with Georgetown University's Berkley Center for Religion, Peace & World Affairs; and Greg Clark and Robert Edward Snyder, of Brigham Young University's International Center for Law and Religion Studies. Clark, an attorney who coordinates legal affairs for The Church of Jesus Christ of Latter-day Saints in São Paulo, Brazil, is vice president of the RFBF.
The study appears in the Interdisciplinary Journal of Research on Religion, and is available online.
One measure of economic progress was growth of a country's Gross Domestic Product, or GDP.
According to the RFBF, the study looked at GDP growth for 173 countries in 2011 and found religious freedom correlated with lower corruption. Moreover, "when religious groups operate in a free and competitive environment, religion can play a measurable role in the human and social development of countries."
The authors analyzed 2011 GDP data and compared with data on religious restrictions, the level of economic and business freedom in a given country, and "measures of government regulation, taxes, labor issues, demographics and economic circumstances."
The result: "Religious freedom is one of only three variables that remains a significant predictor of GDP growth," the report indicated.
In concluding the study, the authors recommend businesses "take religious freedom considerations into account in their strategic planning, labor management, and community interactions."
The authors also advise business leaders: "In evaluating locations for future research and development operations, countries with good records on religious freedom may provide a favorable environment in which to practice innovation and experimentation."
Religious freedom has been a complicated issue in many societies ranging from death sentences imposed by draconian blasphemy laws in the Middle East and Africa to more subtle restrictions through local zoning regulations, marriage and health care laws in the United States. Most religious liberty supporters have advocated from a perspective of individual rights to religious exercise and expression. Now, Grim and other scholars are at the forefront of an emerging movement that is making a case for religious freedom through its financial benefits.
Katrina Lantos Swett, an advocate for religious liberty and current vice-chair of the U.S. Commission on International Religious Freedom, welcomed the RFBF study that highlights how religious hostility can drive away outside investment and undermine economic growth.
"This study also reinforces the growing recognition that religious freedom is not only a central factor in global economic growth but also contributes to peace and stability," she said. "As such, religious freedom merits a seat at the table of U.S. foreign policy."
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'Clear' correlation
Sociology professor Roger Finke of Penn State University, who had worked with Grim on previous examinations of the topic, said a link between data measuring religious freedom and economic growth "is very real" and quantifiable.
"The correlation — that's very clear. The association is definitely there," Finke said in a telephone interview. However, he added, "the part they're always struggling to figure out is to what extent the religious freedoms or culture has an impact on economics."
According to the RFBF, the new study "goes beyond simple correlations by empirically testing and finding the tandem effects of government restrictions on religion and social hostilities involving religion (as measured by the Pew Research Center) to be detrimental to economic growth while controlling for 23 other theoretical, economic, political, social, and demographic factors."
Other scholars have also pointed out similar connections, Finke noted. Duke University economics and political science professor Timur Kuran argued in his 2010 book, "The Long Divergence: How Islamic Law Held Back the Middle East," that "starting around the tenth century, Islamic legal institutions, which had benefitted the Middle Eastern economy in the early centuries of Islam, began to act as a drag on development by slowing or blocking the emergence of central features of modern economic life."
Islamic restrictions on those "central features" — which Kuran listed as "private capital accumulation, corporations, large-scale production and impersonal exchange" of goods and services — began to be eased about 800 years later, as Islamic societies had more interaction with global trade, he noted, but the drag on economic development in many Muslim countries remains.
Apart from having more open societies, a lingering question is how else can nations improve their economies through protecting religious freedom? To sociologist Finke, one answer lies in an independent judiciary.
He said, "The majority of countries promise religious freedom. But they all have laws that counter that, or administrators that go against (it). There are sometimes even dueling clauses in constitutions concerning religious liberty. The importance of an independent judiciary is that it enforces the promised freedoms of a (country's) constitution."
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Source:Deseret News
http://national.deseretnews.com/article/1596/Religious-freedom-means-economic-growth-study-says.html
America's Christian Roots and Its Impact on the Economy BY REV. MARK H. CREECH, CHRISTIAN POST COLUMNIST June 2, 2014|5:24 am
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I once read where the proprietor of a business shared a hypothetical with his staff. He said, "Suppose a young man was to buy a very costly diamond ring and send it to his fiancée, putting it inside a little case that the jeweler threw in for free. Imagine how disappointed and dismayed he might be if, when meeting her several days afterward, she said, 'Sweetheart, that was a beautiful box you sent to me. I loved it so much that I promise to keep it wrapped in a safe place so that no harm should ever come to it.'"
"Outrageous, you might think. She neglects the diamond for the little box that contained it. Just as foolish," said the proprietor, "are those who spend all their time and thought on matters that pertain to the body, which is only a case containing the diamond, the real self, the soul, which the Scriptures teach persists long after the body crumbles to dust."
Jesus spoke of our proclivity to live in this fashion. He said, "Man shall not live by bread alone, but by every word that proceedeth out of the mouth of God" (Matt. 4:4). He asked, "For what shall it profit a man, if he shall gain the whole world, and lose his own soul?" (Mark 8:36). In his parable of the rich fool, Jesus talks about a man who invested his entire life in his estate, but neglected matters of the soul, only to enter into God's presence unprepared to meet him and his judgment (Luke 12:13-21). [1]
We possess a deadly bent toward focusing on the temporal, while neglecting the most important, the eternal. We naturally gravitate in the direction of what satisfies the senses, while overlooking the most important, such as matters related to character.
This frailty is reflected on numerous personal levels. But it is also seen in our national life in the way we concentrate so much time and energy on issues that impact the economy, forgetting the necessity of commitment to strong values that sustain and make an economy prosper.
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Few people ever question why Western Civilization has experienced so much abundance in comparison to poorer nations around the world. The reason is inextricably connected to Christianity. The Bible says, "As a man thinketh in his heart, so is he" (Prov. 23:7). What individuals believe, what nations believe has everything to do with their essence and determines whether they grow, multiply, and succeed.
I served as a short-term missionary to India on three different occasions and saw this principle worked-out first-hand. India's economy has been stagnated for centuries. Though I do not mean to disparage that beautiful country, it cannot be denied the two prominent religions, Hinduism and Islam, hold the nation back. Hunger is rampant in India, but not because they don't have enough food. Hinduism teaches that people who die come back as animals. There are plenty of cows and pigs that roam the streets freely, but no one will slaughter them, even if their child's belly is bloated with malnutrition. Moreover, two hundred million "sacred cows," eat up enough food to feed seven people, taking enough sustenance that could feed as many as 1.4 billion. Neither will they kill the mice and rats that devour much of the grain. [2] For those who have embraced Islam, the fatalism of that religion stifles human progress by telling them Allah has fated all that there is and human initiative amounts to nothing. False religion has a stranglehold on their hope for a better future.
So the affluence of a people doesn't simply rest with the presence of natural resources as many seem to think. There are plenty of countries that have considerably less natural resources that are more prosperous than those who have more natural resources, but are still not as prosperous. The factor determining wealth is connected more to a people's belief system than anything else.
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The numerous ways adherence to Christian principles has catapulted the West forward economically are too many to mention in an article as short as this one. Nevertheless, author John Chamberlain in "The Roots of Capitalism" touched on some of the most important in the following quote. He wrote:
"'Thou shalt not steal' means that the Bible countenances private property – for if a thing is owned in the first place it can scarcely be stolen. 'Thou shalt not covet' means that it is sinful to even contemplate the seizure of another man's goods – which is something Socialists, whether Christian or otherwise, have never managed to explain away. Furthermore, the prohibitions against false witness and adultery mean that contracts should be honored and double-dealing eschewed. As for the Commandment to 'honor thy father and thy mother that thy days may be long,' this implies that the family, not the State, is the basic continuing unit and constitutive element of society." [3]
In other words, Chamberlain is saying Christian character is the very foundation for fortune.
In 1992, James Carville coined a campaign slogan for Bill Clinton's presidential run, "It's the economy, stupid." That phrase has long represented the current emphasis. Whether personal or national, it's the pursuit of gain devoid of the chase for moral strength that's driving us closer and closer to economic despair.
We love our little boxes, but not the diamond of a right relationship with God. We cannot serve both God and money, either we will hate one and love the other (Matthew 6:24). May God grant us to see our greatest need for economic reform is directly related to our need for transformation of the soul.
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[1] Laidlaw, Robert A. The Reason Why. Murfreesboro: Sword of the Lord, n.d. Print.
[2] McDowell, Stephen K., and Mark A. Beliles. Liberating the Nations: Biblical Principles of Government, Education, Economics, & Politics. Charlottesville, VA.: Providence Foundation, 1995. Print.
[3] Kennedy, D. James, and Jerry Newcombe. What If Jesus Had Never Been Born? Nashville: T. Nelson, 1994. Print.
Rev. Mark H. Creech is executive director of the Raleigh-based Christian Action League of North Carolina Inc.
Source:The Christian Post
http://www.christianpost.com/news/americas-christian-roots-and-its-impact-on-the-economy-120706/
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