ECONOMIC INTEGRATION AMONG D-8 MUSLIM COUNTRIES

The D-8 (Developing Eight) organisation was officially formed in 1997 and has Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey as full members. The D-8 economies encompass nearly 62% of the Muslim population or about 1.17 billion people globally. The economic, cultural, social, political and geographical diversity that exists amongst the D-8 member countries differs radically from other Muslim or regional blocks. Furthermore, D-8 member countries are developing economies that do not solely rely on oil, ancient civilizations, or roles as historical powerhouses, but their populations aspire to be better educated, scientifically more advanced, have higher incomes and improved human rights. It is imperative to study the implications of these developments for cultural identity and life quality. This book studies the contemporary socio-economic developments and challenges faced by D-8 countries. It explores questions on the socio-economic and political formation, sustainability, economic participation, and the vitality of the D-8 member countries. It deepens our understanding of recent global economic systems and governance, and suggests areas for future research and publications.

Contents:

• D-8 — An Introduction:
  • Current State and Future Prospects for D-8 (M Niaz Asadullah, Ahmed M Khalid and R James Ferguson)
  • Historical Foundations and Emerging Geopolitical Frameworks (R James Ferguson)
• Geopolitical and Socio-Economic Challenges:
  • Social Development and Economic Integration in D-8 Countries (Ahmed M Khalid)
  • Democracy Deficit in the D-8 (Ali Riaz and Md Sohel Rana)
  • International Migration To, From and Within D-8 Countries (Evi Nurvidya Arifin and Aris Ananta)
  • Status of Women Empowerment in Pakistan: Lessons for D-8 Countries (Safdar Ullah Khan, Arthur H Goldsmith and Gulasekaran Rajaguru)
• Macroeconomic Challenges:
  • Addressing Pakistan's Fiscal Challenges: Lessons for D-8 Countries (Ashfaque H Khan)
  • The Story of Turkish Economic Growth in the 21st Century: What Do Data Tell Us? (Mehmet Huseyin Bilgin, Giray Gozgor, Gokhan Karabulut and Murat Yalcintas)
  • Nigeria: Fractured Governance and Lack of Planning (Bello Ayuba)
• Ideas for Economic Integration and Cooperation:
  • The Development and Evolution of an Islamic Capital Market in Malaysia: Lessons for D-8 Countries (Lutfi Abdul Razak and Shabeer Khan)
  • Developing Islamic Infrastructure Financing in the D-8: Prospects and Challenges (Obiyathulla Ismath Bacha and Lutfi Abdul Razak)
  • Human Resources Development in the D-8: A Three-Pillar Model (M Niaz Asadullah and Norma Mansor)
  • D-8 Cooperation: Challenges and the Way Forward (R James Ferguson, Ahmed M Khalid and M Niaz Asadullah)

Readership: Academics, Researchers and Students in Economics, Business, Humanities & Social Sciences, Islamic Studies; Economic Forums; Government Entities.

Key Features:

• Fulfills the need for a scholarly study of the D-8 in a global perspective
• Challenges the commonly accepted theories and views on the lack and directions of economic blocks and integration within the Muslim world
• Highlights internal and external forces that shape and direct the objectives and political ambitions of the member countries in the light of their wider global alliances