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Community size and international trade in OIC-region

  • Bahria University

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

This study analyses the international trade in the Organization of Islamic Cooperation (OIC) region, covering exports, imports, and balance of trade (BoT) from 2007 to 2016. The analysis is conducted by various lenses, including whole OIC as a unit, objectively classified economic zones, and economic cooperation unions. Findings suggest that OIC-region's contribution to global GDP and international trade is significantly lesser than the size of the community. Performance in international trade and BoT is good in the initial years of analyses; however, declines in the final years of the review period. Performance of two economic zones (South & Southeast Asia, and Africa) of OIC-region is quite unsatisfactory, based on the size of the communities. Middle Eastern zone performs well, relatively, within the OIC region. Intra- OIC trade is significantly lesser than the potential. OIC-region needs to capitalise on abundant Human and natural resources to achieve higher economic growth and exports.

Original languageEnglish
Pages (from-to)620-643
Number of pages24
JournalInternational Journal of Trade and Global Markets
Volume14
Issue number6
DOIs
StatePublished - 2021

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth
  2. SDG 17 - Partnerships for the Goals
    SDG 17 Partnerships for the Goals

Keywords

  • Africa
  • Central Asia
  • Exports
  • Imports
  • International trade
  • Middle East
  • OIC
  • Organisation of Islamic Cooperation
  • South & Southeast Asia

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