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Inter-Islamic Economic Co-operation and Integration: Institutions, Strategies and Obstacles

  • Masudul Alam Choudhury

Abstract

The aim of this chapter is to discuss some problems and prospects of the efforts of the Islamic countries (member countries of the Organisation of the Islamic Conference, OIC1) to intensify their economic relations and to set up an integration scheme with the long-term goal of the establishment of an Islamic Common Market or Islamic Economic Unity. The group of Islamic countries includes some newly industrialising countries (NICs) for whom the inter-Islamic economic co-operation and integration may be seen as a specific approach for an outward-oriented industrialisation strategy. The first section of the chapter outlines the international economic environment and the institutional framework for the co-operation and integration efforts of the Islamic countries. Then, considering the experience of existing non-Islamic integration groupings where Islamic countries are members, major problems for an Islamic integration policy will be highlighted and some perspectives for the future indicated.

Keywords

Trade Liberalisation Custom Union Free Trade Area Custom Duty Islamic Country 
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Notes and References

  1. 8.
    See Islamic Development Bank: Eleventh Annual Report. 1406 H (1985–86), Jeddah (IDB) 1987.Google Scholar
  2. ECWA — Economic Commission for Western Asia: Economic Integration in Western Asia. (London: Frances Pinter, 1985) p. 10; for the trade figures see AMF - Arab Monetary Fund: Foreign Trade of the Countries of the Arab Common Market 1972–1983. English issue, Abu Dhabi (AMF) 1985.Google Scholar
  3. 13.
    See AMF — Arab Monetary Fund: Foreign Trade of the Member Countries of the Arab Gulf Cooperation Council 1972–1983, English issue, Abu Dhabi (AMF ) 1985.Google Scholar
  4. 14.
    Robin Allen, ‘GCC Summit — Security is the Key’, in: Middle East Economic Digest. vol. 29 (1985) no. 43, p. 10.Google Scholar
  5. 15.
    Amadu Sesay: ‘The Mano River Union — Politics of Survival or Dependence?’, in Ralph I. Onwuka and Amadu Sesay (eds), The Future of Regionalism in Africa. (London: Macmillan 1985) p. 130.Google Scholar
  6. 20.
    Makhtar Diouf, ‘The Economic Integration of Africa — Problems and Obstacles’, in Ervin Laszlo (ed.), African and Arab Co-operation for Development. (Dublin: Tycooly International, 1984) p. 14.Google Scholar
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    Peter Robson, Integration, Development and Equity — Economic Integration in West Africa. (London: George Allen & Unwin, 1983) p. 118.Google Scholar
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    See Paisal Sricharatchanya, ‘New Cement for the Block — Old Idea Gains Favour as Asean Economies Wane’, in Far Eastern Economic Review, vol. 129 (1985), no. 35, p. 53.Google Scholar
  9. 32.
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  10. 40.
    The concept of a customs-drawback union was first presented in two articles by Peter G. Elkan ‘How to Beat Backwash–The Case for Customs-Drawback Unions’, in Economic Journal, vol. 75 (1985) pp. 44–62;CrossRefGoogle Scholar
  11. Peter G. Elkan ‘Blueprint for an Area of Quantitatively and Structurally Balanced Free Trade’, in Journal of Common Market Studies, vol. 5 (1965/66) pp. 1–12 — but it has so far been generally neglected.CrossRefGoogle Scholar
  12. 41.
    Volker Nienhaus. ‘An Islamic Common Market? — Problems and Strategies of Economic Co-operation among Islamic Countries’ (mimeo) (Bochum, West Germany: Faculty of Economics, University of Bochum, 1987).Google Scholar

Copyright information

© Masudul Alam Choudhury 1989

Authors and Affiliations

  • Masudul Alam Choudhury
    • 1
  1. 1.University College of Cape BretonSydneyCanada

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