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Contact Name
Yuli Andriansyah
Contact Email
yuliandriansyah@uii.ac.id
Phone
+6285369607374
Journal Mail Official
jurnal.lariba@uii.ac.id
Editorial Address
Gedung K.H. A. Wahid Hasyim, Kampus Terpadu UII, Jl. Kaliurang KM 14,5, Besi, Sleman, DI Yogyakarta, 55584
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Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Journal of Islamic Economics Lariba
ISSN : 24774839     EISSN : 25283758     DOI : https://doi.org/10.20885/jielariba
Journal of Islamic Economics Lariba provides a platform for academicians, researchers, lecturers, students, and others having concerns about Islamic economics, finance, and development. The journal welcomes contributions on the following topics: Islamic economics, Islamic public finance, Islamic finance, Islamic accounting, Islamic business ethics, Islamic banking, Islamic insurance, Islamic human resource management, Islamic microfinance, Islamic capital market, and other relevant Islamic economic and financial studies.
Articles 25 Documents
Search results for , issue "Vol. 11 No. 1 (2025)" : 25 Documents clear
Strengthening the role of Village-Owned Enterprises (BUMDes) in South Sumatra through Islamic social entrepreneurship ‎ Fahmi, Rizqi Anfanni; Panorama, Maya
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art1

Abstract

IntroductionVillage-Owned Enterprises play a vital role in rural development in Indonesia. However, in South Sumatra, the majority of these enterprises face persistent challenges related to governance, financial sustainability, and community engagement. Despite substantial government funding, only a small fraction of Village-Owned Enterprises operate effectively. Given the region’s predominantly Muslim population, there is significant potential to enhance Village-Owned Enterprises through faith-driven economic models grounded in Islamic principles.ObjectivesThis study aims to explore how the integration of Islamic Social Entrepreneurship can strengthen Village-Owned Enterprises in South Sumatra. It examines the alignment between Islamic ethical values and key factors that determine enterprise success, such as government support, professional management, and active community participation.MethodThe study adopts a qualitative library research method, relying on content analysis of peer-reviewed literature, government reports, and empirical case studies published between 2014 and 2024. The data were organized into thematic categories to assess how Islamic principles—including economic justice, religious-based ethics, and Islamic philanthropy—can be applied to improve the performance and sustainability of Village-Owned Enterprises.ResultsThe findings indicate that Islamic Social Entrepreneurship provides a holistic framework for transforming Village-Owned Enterprises into transparent, accountable, and socially impactful institutions. The application of values such as trustworthiness, economic jihad, and community-oriented governance enhances public trust and operational resilience. Islamic financial instruments, including zakat and waqf, offer viable alternatives to conventional funding, reducing dependency on external aid. Moreover, real-world case studies have demonstrated that integrating Islamic values into enterprise governance results in higher community participation, more efficient management, and stronger economic outcomes.ImplicationsThis study underscores the strategic potential of embedding Islamic ethics in rural enterprise development. Strengthening partnerships between Village-Owned Enterprises, Islamic philanthropic organizations, and local governments can build inclusive business ecosystems. This approach not only promotes poverty alleviation but also enhances financial independence and community empowerment in Muslim-majority regions.Originality/NoveltyThis research fills a critical gap by proposing Islamic Social Entrepreneurship as a culturally relevant and scalable model for improving Village-Owned Enterprises. Unlike prior studies, which focused solely on economic or managerial dimensions, this study introduces a religiously grounded governance framework that integrates Islamic values with local potential, offering a novel contribution to both entrepreneurship and development studies.
Wage sale and purchase practices among agricultural workers in Curup, Bengkulu: A Maqasid of Shariah perspective on economic justice and wealth protection‎ Arifin, Rahman; Syaputra, Ahmad Danu; Triyanto, Andi; Muharir, Muharir; Saifudin, Ahmad; Samawi, Mohammad Wirmon; Yudha, Ana Toni Roby Candra
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art14

Abstract

IntroductionWage trading, a practice where agricultural workers sell their future wages before receiving them—often at a reduced value—has become prevalent in the farming communities of Curup, Bengkulu. Although rooted in mutual agreement, this system raises critical ethical and legal questions regarding its alignment with Islamic economic principles, especially those outlined in the framework of Maqashid Shariah, which emphasizes justice and the protection of property.ObjectivesThis study aims to analyze the wage sale and purchase system through the lens of Maqashid Shariah, particularly focusing on whether such practices fulfill the objectives of wealth protection and social justice or contribute to economic exploitation and uncertainty among vulnerable workers.MethodUsing a qualitative case study approach, this research collected primary data through interviews with agricultural workers engaged in wage trading in Curup, Rejang Lebong, and Bengkulu. Secondary data were obtained from Islamic jurisprudence literature on Maqashid Shariah. The analysis applies the five core principles of Maqashid Shariah to evaluate the implications of deferred wage payments and wage sales.ResultsFindings indicate that although wage deferral is seen as a cooperative tradition, it often places workers at risk of financial instability, compelling them to sell their wages at unfair prices. This practice undermines the principle of property protection (hifz al-mal) and the protection of life (hifz an-nafs). It also contradicts the ideals of justice and welfare that Maqashid Shariah promotes. The study emphasizes that the presence of mutual consent does not automatically legitimize practices that may harm the economically disadvantaged.ImplicationsThe analysis suggests that reforms are needed to make wage systems more just and compliant with Islamic economic values. These include timely wage payments and the provision of Sharia-based financial alternatives to prevent exploitation. Educating communities about their economic rights within the Maqashid framework can also foster more ethical labor practices.Originality/NoveltyThis study contributes a unique perspective by applying Maqashid Shariah to assess the socio-economic impact of wage trading. It addresses a rarely examined issue in Islamic economic discourse and offers practical recommendations to bridge the gap between traditional practices and Islamic legal objectives.
Integrated Waqf Environment Model (IWEM): Proposal for funding sustainable agriculture through waqf to embrace the Era of Smart Agriculture 5.0 ‎ Maulida, Syahdatul; Rusydiana, Aam Slamet
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art9

Abstract

IntroductionAlthough global food production has tripled, sustainable agriculture remains threatened by climate change, land degradation, and financial gaps, especially in smallholder communities. This study introduces the Integrated Waqf Environment Model (IWEM) as a waqf-based funding mechanism to support sustainable agriculture. Additionally, sentiment analysis using VADER Python is employed to assess public perceptions of sustainable agriculture.ObjectivesThis research aims to measure public sentiment regarding sustainable agriculture on the Twitter social media platform. Additionally, the study proposes the Integrated Waqf Environment Model (IWEM) for sustainable agriculture funding as a response to the challenges faced in the agricultural sector.MethodThe research methodology involves the extraction and classification of tweet data using the Python library called VADER (Valence Aware Dictionary and Sentiment Reasoner). The study utilizes tweet data posted within the last year. The research findings indicate fluctuations and a decrease in the number of tweets discussing sustainable agriculture. The location with the highest tweet activity related to sustainable agriculture is Brussels, Belgium, with 642 tweets during the observation period.ResultsWord cloud analysis on keywords reveals that, in positive sentiment, terms like "food security" and "climate change" dominate the visualization. On the other hand, in negative sentiment, words like "farmer" and "private farmland" appear more frequently. Overall, the majority of tweets express a positive attitude toward sustainable agriculture, with 68.5% positive sentiment. Approximately 22.3% of tweets indicate neutral sentiment, without a strong positive or negative tendency. Only 9.1% of tweets contain negative sentiment, suggesting that a small portion expresses less supportive views of sustainable agriculture.ImplicationsThe research provides insights into public sentiment on sustainable agriculture and proposes IWEM as a sustainable financing solution. IWEM can bridge financial gaps, enhance technological adoption, and support policy development for sustainable agriculture. This model aligns with the SDGs, ensuring long-term agricultural resilience and environmental conservation.Originality/NoveltyThis study uniquely integrates Islamic social finance with Smart Agriculture 5.0 through IWEM. It also employs sentiment analysis to understand public perceptions, offering data-driven insights for policymakers. The research contributes a novel waqf-based framework that can be scaled for sustainable agricultural development.
Enhancing financial performance of halal MSMEs through intellectual capital and business sustainability in Medan City, Indonesia‎ Siregar, Retnawati; Ramadhan, Muhammad; Kamilah, Kamilah
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art6

Abstract

IntroductionThe rapid global growth of the halal industry has highlighted the increasing demand for ethical, sharia-compliant products and services. In Indonesia, particularly Medan City, halal-certified micro, small, and medium enterprises (MSMEs) have emerged as key contributors to the local economy. Despite holding halal certifications, many of these enterprises struggle to optimize their financial performance, indicating that certification alone is insufficient for success. This study investigates the role of intangible assets—intellectual capital and business sustainability —in enhancing the financial outcomes of halal MSMEs.ObjectivesThis research examines the influence of intellectual capital, comprising human capital, structural capital, relational capital, and spiritual capital, along with business sustainability, on the financial performance of halal MSMEs in Medan City. It seeks to determine the components that significantly impact performance and provide practical insights for improving business competitiveness in the halal sector.MethodThis study adopted a Sequential Explanatory design using a mixed-methods approach. Quantitative data were collected through 219 structured questionnaires distributed to halal-certified food and beverage MSMEs in Medan, whereas qualitative data were obtained from 51 in-depth interviews with MSME owners and employees. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) and thematic coding with NVivo 12 Plus software.ResultsThe findings show that human capital, structural capital, relational capital, and business sustainability have significant and positive influences on the financial performance of halal MSMEs. However, spiritual capital did not have a statistically significant effect. The model explains 51.2% of the variance in financial performance. Qualitative insights revealed that, while spiritual capital may not directly impact financial performance, it strengthens ethical values and trust, indirectly supporting relational capital.ImplicationsThe results underscore the importance of investing in human resources, optimizing organizational systems, building strong external relationships, and integrating sustainable business practices. These strategies can improve financial performance, resilience, and long-term viability in a competitive and ethically conscious market environment.Originality/NoveltyThis study makes a novel contribution by expanding the Intellectual Capital framework to include Spiritual Capital and Business Sustainability in the context of halal MSMEs. This is one of the first empirical studies to examine this integration using a mixed-methods approach, providing both theoretical enrichment and practical guidance for MSME development in the halal economy.
Strengthening the global competitiveness of halal culinary SMEs in North Sumatra through a Maqasid of Shariah-based approach‎ Ismail, Ismail; Tarigan, Azhari Akmal; Soemitra, Andri; Nawawi, Zuhrinal M.
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art15

Abstract

IntroductionThe global halal food industry, projected to reach USD 2.4 trillion by 2024, presents a substantial opportunity for regional economies such as North Sumatra. Despite the region’s rich culinary heritage, the development of its halal culinary industry faces critical challenges, including limited access to halal certification, low levels of product innovation, and inadequate adoption of digital marketing strategies. These limitations hinder the competitiveness of local small and medium enterprises in the creative economy sector.ObjectivesThis study aims to formulate a strategic development model for North Sumatra’s halal culinary industry using a values-based approach grounded in Islamic economic principles. It specifically integrates the Maqasid of Shariah framework as a benchmark for ethical and sustainable development.MethodThe research employed a qualitative methodology through in-depth interviews with ten key stakeholders, including halal culinary entrepreneurs, government agencies, academics, and religious institutions. Data were analyzed using Atlas.ti version 9 to identify key development issues, which were then evaluated using the Maqasid of Shariah Index. The model assessed three main dimensions: Tahdzib Al-Fard (individual education), Iqomat Al-Adl (justice), and Maslahah (public welfare).ResultsFindings identified digital marketing, product development, capital access, and halal certification as top strategic priorities. The Maqasid of Shariah Index score reached 67.90%, categorized as “Fairly Good.” Among the dimensions, individual development scored the highest, followed by justice and public welfare. This highlights the significance of capacity building and ethical governance in improving the industry's competitiveness.ImplicationsThe integration of qualitative analysis with the Maqasid of Shariah Index provides a structured and ethical framework for policy-makers and business actors. The findings offer practical guidance for implementing strategies that are both economically viable and religiously aligned, enabling inclusive and sustainable growth in the halal culinary sector.Originality/NoveltyThis study introduces an innovative model by combining a qualitative data analysis tool with a syariah-based evaluative index, a method rarely applied in the development of creative halal industries. It offers new insights into ethically grounded strategic planning for regional halal economic development.
Influencer marketing on social media in Palopo City: How sponsorship disclosure, influencer credibility, and MSME reputation influence promotional effectiveness‎ Hayani, Nur; Iskandar, Ahmad Syarief; Ishak, Ishak
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art3

Abstract

IntroductionInfluencer marketing on social media has gained widespread attention for its ability to enhance promotional effectiveness by leveraging the authenticity and credibility of influencers. However, concerns about transparency, especially related to sponsorship disclosures, along with the credibility of influencers and businesses—particularly micro, small, and medium enterprises (MSMEs)—require deeper investigation, especially in emerging local markets.ObjectivesThis study investigates how sponsorship disclosure (explicit, implicit, or none), influencer credibility, and MSME credibility affect consumer perceptions and promotional effectiveness on social media. Additionally, the study examines the mediating role of consumer trust in these relationships within the context of MSMEs in Palopo City.MethodA quantitative approach utilizing a structured survey was employed. Data were collected from 133 active social media users in Palopo City who had experience interacting with influencer promotional content. Structural Equation Modeling (SEM) through SmartPLS software was used to analyze both direct and indirect effects among the study variables.ResultsFindings revealed that influencer credibility exhibited the strongest positive influence on promotional effectiveness, followed by MSME credibility and explicit sponsorship disclosure. Consumer trust significantly mediated these relationships, enhancing the overall impact of sponsorship disclosure, influencer credibility, and MSME credibility on promotional effectiveness.ImplicationsThe results underscore the importance for MSMEs to collaborate strategically with credible influencers and maintain transparency in sponsorship disclosures. Such practices can substantially increase consumer trust and, consequently, the effectiveness of promotional campaigns. Additionally, these findings highlight the necessity of regulatory support for transparent advertising practices.Originality/NoveltyThis research extends existing literature by exploring influencer marketing dynamics within a local MSME context, specifically examining how transparency in sponsorship disclosure, coupled with influencer and MSME credibility, influence promotional outcomes through consumer trust.
Green cosmetics and Gen Z in Kudus, Indonesia: What drives eco-friendly purchases in a small city?‎ Noor, Sufiana; Marka, Mira Meilia; Bintang, Yasmin Mutiara
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art7

Abstract

IntroductionThe Indonesian cosmetics industry is rapidly expanding, yet it raises environmental concerns, particularly from packaging waste. Generation Z, known for its environmental consciousness, emerges as a critical market segment for eco-friendly cosmetics. However, consumer purchase intentions toward these products remain inconsistent across studies, especially in smaller, culturally distinct regions such as Kudus.ObjectivesThis study aims to investigate the influence of green marketing, green brand image, and green perceived quality on purchase intention of eco-friendly cosmetics among Generation Z in Kudus. It also examines the mediating role of green trust in strengthening these relationships.MethodA quantitative research approach was used with an associative causal design. Data were collected via an online questionnaire from 105 respondents aged 13–28 years in Kudus who had experience using eco-friendly cosmetics. The data were analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0 software.ResultsThe results reveal that green brand image, green perceived quality, and green trust significantly influence purchase intention. Green marketing showed no direct effect but had an indirect influence through green trust. The adjusted R² value for purchase intention was 0.465, indicating that the model explains 46.5% of the variance. Generation Z in Kudus values product authenticity, ethical branding, and halal-certification as critical to building trust and influencing behavior.ImplicationsThe findings highlight that marketers must focus on building green trust by ensuring product transparency, environmental commitment, and culturally relevant messaging. Green brand image and product quality are key drivers in developing consumer trust and encouraging sustainable buying behavior among Gen Z.Originality/NoveltyThis research enriches the Theory of Planned Behavior by incorporating green trust as a mediating factor and applying it within a unique socio-religious Gen Z demographic in a small Indonesian city. It provides novel insights into how eco-conscious values interact with trust and marketing in shaping local green consumption patterns.
The role of zakat in Islamic macroeconomics: A fiscal instrument for stability during global economic crises‎ Mustamin, Siti Walida; Abdillah S., Abdillah S.; Mansyur, Fakhruddin; Ridwan, Muhammad; Amri, Ulil; Fitrayani, Fitrayani
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art10

Abstract

IntroductionThe global economic crisis continues to expose weaknesses in conventional fiscal systems, prompting the search for alternative macroeconomic instruments. Within Islamic economic thought, zakat—traditionally viewed as a religious obligation—emerges as a redistributive tool capable of addressing structural inequality, stabilizing consumption, and supporting vulnerable populations during periods of financial instability.ObjectivesThis study explores the macroeconomic contribution of zakat in times of global economic crisis. It specifically investigates zakat’s potential as a countercyclical fiscal instrument that enhances aggregate demand, reduces poverty, and alleviates fiscal pressure on national governments.MethodUsing a qualitative literature review methodology, this research synthesizes scholarly articles, institutional reports, and classical Islamic economic texts published between 2000 and 2024. The analysis follows a thematic approach, focusing on zakat’s functions in promoting wealth redistribution, economic resilience, and long-term fiscal sustainability.ResultsFindings reveal that zakat plays a critical role in mitigating economic shocks. It stimulates liquidity by enhancing consumption among low-income groups, supports grassroots economic development through community-based aid, and reduces government spending by acting as a complementary social safety net. Empirical evidence from Muslim-majority countries indicates that institutionalized zakat systems are effective in reducing poverty and inequality, particularly during economic downturns.ImplicationsIntegrating zakat into national fiscal policy frameworks could provide a sustainable, ethical, and community-driven response to financial crises. Effective governance, transparency, and technological innovation in zakat administration are essential to maximize its economic impact and maintain public trust.Originality/NoveltyThis study repositions zakat from a purely religious practice to a strategic economic instrument within Islamic macroeconomics. It offers a normative and conceptual foundation for embedding zakat in contemporary fiscal systems as a means of achieving economic stability, social equity, and inclusive recovery in times of crisis.
Applying the principle of 'la tazlimuna wa la tuzlamun' to al-qardh loan repayment after currency inflation‎ Baihaqi , Muhammad; Bonang, Dahlia
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art11

Abstract

IntroductionIn the current fiat monetary system, inflation can severely diminish the value of money, causing injustice in long-term loan repayments. Within the Islamic economic framework, this raises significant concerns for al-qardh contracts—benevolent, interest-free loans—where delayed repayment may lead to harm for either the lender or borrower. The concept of la tazlimuna wa la tuzlamun (do not wrong others, nor be wronged) offers a moral foundation to seek fair and balanced repayment solutions in such contexts.ObjectivesThis study investigates how Islamic principles, particularly the notion of la tazlimuna wa la tuzlamun, can be applied to ensure justice in repaying al-qardh loans after currency inflation. The research aims to identify repayment models that uphold the lender’s rights without imposing undue burden on the borrower.MethodEmploying a normative and descriptive library research method, this study examines primary sources such as the Qur’an, Hadith, and classical Islamic jurisprudence, alongside contemporary scholarly works on Islamic economics and monetary systems. A thematic analysis was used to identify fair repayment mechanisms rooted in Islamic legal reasoning and public interest principles.ResultsThe study proposes several alternatives to address the injustice caused by currency devaluation, including adjusting loan values to the price of gold and silver, pegging debts to stable foreign currencies, applying inflation-based indexation, and discouraging hoarding behavior that exacerbates price instability. While the use of interest rates was explored, it was ultimately rejected by most Islamic scholars. The return to a gold-silver standard is presented as a long-term ideal to restore monetary fairness.ImplicationsThe findings offer practical guidance for Islamic financial ethics, suggesting the need for a formal fatwa to regulate fair debt repayment post-inflation. This guidance could extend beyond financial institutions to protect individuals and communities in inflationary environments, reinforcing justice and stability in Islamic economic transactions.Originality/NoveltyThis study provides a fresh perspective by integrating Islamic legal, economic, and ethical principles to address inflation-induced injustices in al-qardh repayment. It presents a balanced framework that respects the spirit of Islamic contracts while adapting to modern financial realities.
The transformation of Sjafruddin Prawiranegara’s ideas on the people’s economy towards national economic independence‎ Affandi, Faisal; Yafiz, Muhammad
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art8

Abstract

IntroductionIndonesia continues to face economic challenges such as income inequality, dependence on foreign capital, and marginalization of micro, small, and medium enterprises. These issues have reignited scholarly interest in economic models rooted in justice, ethics, and local empowerment. Sjafruddin Prawiranegara’s economic thought, centered on Islamic moral principles and people’s economy, offers a relevant framework for achieving national economic independence in today’s globalized context.ObjectivesThis study aims to explore the transformation and relevance of Sjafruddin Prawiranegara’s ideas on people’s economy as a foundation for developing a national economic model that prioritizes equity, inclusiveness, and independence from exploitative global capitalism.MethodA qualitative content analysis was conducted using 20 academic sources published between 2020 and 2024. Data were obtained through systematic searches using the Publish or Perish software and analyzed using thematic coding and triangulation. The analysis focused on identifying key themes related to people’s economy, Islamic ethical values, and economic independence.ResultsThe study finds that Sjafruddin emphasized an economy based on trust, moral responsibility, and equitable wealth distribution. His thought supports the development of MSMEs, cooperatives, and community-based institutions as pillars of a just economy. He also promoted Islamic principles such as the prohibition of usury and the use of zakat as tools for reducing inequality. His ideas remain relevant in addressing modern challenges such as digital transformation, green economy, and sustainable financial inclusion, especially through the empowerment of pesantren and grassroots movements.ImplicationsThis research illustrates that integrating Islamic moral economy into national development strategies can strengthen economic sovereignty and resilience. Policymakers and educators are encouraged to revisit Sjafruddin’s philosophy to inspire frameworks that center ethical values, justice, and local empowerment in economic governance.Originality/NoveltyThe study offers a novel reinterpretation of Sjafruddin Prawiranegara’s economic philosophy by connecting it to current socio-economic realities and development goals. It contributes to the intellectual revival of Islamic economic thought as a strategic alternative to mainstream capitalist and socialist models, positioning it as a path toward ethical and inclusive national economic independence.

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