The Muslim world has bewildered many experts who have researched the potential of the Islamic lands. Many have questioned how it is even possible that a people who are so rich and so plentiful in resources came to be so poor in reality. Many have an unfortunate tendency to compare the development of the West and conclude that the absence of liberal values will always act as an obstacle to industrial development in the Muslim world. There are a number of factors that have hindered development in the Muslim world, many of them originate from outside the Muslim world. 1.Colonialism – Much of this currant situation in the Muslim lands stems from the colonial era and is summed up best by David Fromkin, Professor and expert on Economic History at the University of Chicago: "Massive amounts of the wealth of the old Ottoman Empire were now claimed by the victors. But one must remember that the Islamic empire had tried for centuries to conquer Christian Europe and the power brokers decidi...
"Thoughts are the greatest wealth of any nation."