Prospect and Problems of a Common Market

The paper examines the success and failures of various economic groupings among the OIC countries by estimating a gravity model. The GDP of OIC is only 4.7% of world GDP; its exports are 7.28% of world exports and its imports 6.78% of world imports. This paper primarily presents a synthesis of the...

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Autores principales:	M. Kabir Hassan, Faridul Islam
Formato:	article
Lenguaje:	EN
Publicado:	International Institute of Islamic Thought 2001
Materias:	Islam BP1-253
Acceso en línea:	https://doaj.org/article/d55162589a8e457fa89ed9597d43a312
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spelling	oai:doaj.org-article:d55162589a8e457fa89ed9597d43a3122021-12-02T19:41:23ZProspect and Problems of a Common Market10.35632/ajis.v18i4.19802690-37332690-3741https://doaj.org/article/d55162589a8e457fa89ed9597d43a3122001-10-01T00:00:00Zhttps://www.ajis.org/index.php/ajiss/article/view/1980https://doaj.org/toc/2690-3733https://doaj.org/toc/2690-3741 The paper examines the success and failures of various economic groupings among the OIC countries by estimating a gravity model. The GDP of OIC is only 4.7% of world GDP; its exports are 7.28% of world exports and its imports 6.78% of world imports. This paper primarily presents a synthesis of the Islamic perspectives on the Islamic Common Market (ICM) , reviews the present state of economic integration among the contemporary Islamic countries, identifies relevant tasks for the Islamic governments, and offers feasible recommendations for the governments of Islamic countries within the framework of the prevailing theories of international trade and free market. The establishment of an Islamic Common Market would require a firm political commitment on the part of the Member States of the OIC, expressing their political will and a common understanding on the coverage, extent, mechanisms and stages of implementation, as well as modalities of realization, of such an advanced mode of economic integration. M. Kabir HassanFaridul IslamInternational Institute of Islamic ThoughtarticleIslamBP1-253ENAmerican Journal of Islam and Society, Vol 18, Iss 4 (2001)
institution	DOAJ
collection	DOAJ
language	EN
topic	Islam BP1-253
spellingShingle	Islam BP1-253 M. Kabir Hassan Faridul Islam Prospect and Problems of a Common Market
description	The paper examines the success and failures of various economic groupings among the OIC countries by estimating a gravity model. The GDP of OIC is only 4.7% of world GDP; its exports are 7.28% of world exports and its imports 6.78% of world imports. This paper primarily presents a synthesis of the Islamic perspectives on the Islamic Common Market (ICM) , reviews the present state of economic integration among the contemporary Islamic countries, identifies relevant tasks for the Islamic governments, and offers feasible recommendations for the governments of Islamic countries within the framework of the prevailing theories of international trade and free market. The establishment of an Islamic Common Market would require a firm political commitment on the part of the Member States of the OIC, expressing their political will and a common understanding on the coverage, extent, mechanisms and stages of implementation, as well as modalities of realization, of such an advanced mode of economic integration.
format	article
author	M. Kabir Hassan Faridul Islam
author_facet	M. Kabir Hassan Faridul Islam
author_sort	M. Kabir Hassan
title	Prospect and Problems of a Common Market
title_short	Prospect and Problems of a Common Market
title_full	Prospect and Problems of a Common Market
title_fullStr	Prospect and Problems of a Common Market
title_full_unstemmed	Prospect and Problems of a Common Market
title_sort	prospect and problems of a common market
publisher	International Institute of Islamic Thought
publishDate	2001
url	https://doaj.org/article/d55162589a8e457fa89ed9597d43a312
work_keys_str_mv	AT mkabirhassan prospectandproblemsofacommonmarket AT faridulislam prospectandproblemsofacommonmarket
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Prospect and Problems of a Common Market

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