Journal of Futures Studies

Demystifying the Hawala System Using Causal Layered Analysis

by Umar Sheraz & M.N. Farooqi

ABSTRACT

This article explores the alternative futures of Hawala, a trust-based system used to transfer funds across countries and continents. This is done by using Causal Layered Analysis (CLA) along with P.R. Sarkar’s theory of social change as a basis for critiquing the social construct of the Hawala system. This offers a layered approach with which to analyze the classes of the value system and provide a framework for the discourse between the various classes. The essay is directed at policy makers, bankers, economists, policing agencies and other stakeholders as they evaluate the role of informal value transfer systems in the global economy, beyond sectoral silo focus.

 

View PDF


Search

.

.

Categories

Journal of Futures Studies

Tamkang University, Tamsui Campus
Taipei, Taiwan 251
Tel: 886 2-2621-5656 ext. 3001
Fax: 886 2-2629-6440

ISSN 1027-6084