Economic Integration Among D-8 Muslim Countries:Prospects and Challenges

Edited by Ahmed Khalid, R James Ferguson and M Asadullah

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: 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.

Keywords: Economic Integration; Global Governance; Emerging Modern Muslim Economics; D-8 Muslim Countries; Economic Growth; Islamic Finance (search for similar items in EconPapers)
JEL-codes: F15 F6 O1 O4 Z12 Z13 (search for similar items in EconPapers)
Date: 2023
ISBN: 9789811247804
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Chapters in this book:

Ch 1 Current State and Future Prospects for D-8 , pp 3-26

M Asadullah, Ahmed Khalid and R. James Ferguson

Ch 2 Historical Foundations and Emerging Geopolitical Frameworks , pp 27-46

R. James Ferguson

Ch 3 Social Development and Economic Integration in D-8 Countries , pp 49-95

Ahmed Khalid

Ch 4 Democracy Deficit in the D-8 , pp 97-128

Ali Riaz and Sohel Rana

Ch 5 International Migration To, From, and Within D-8 Countries , pp 129-163

Evi Nurvidya Arifin and Aris Ananta

Ch 6 Status of Women Empowerment in Pakistan: Lessons for D-8 Countries , pp 165-194

Safdar Ullah Khan, Arthur H. Goldsmith and Gulasekaran Rajaguru

Ch 7 Addressing Pakistan’s Fiscal Challenges: Lessons for D-8 Countries , pp 197-228

Ashfaque H. Khan

Ch 8 The Story of Turkish Economic Growth in the 21st Century: What Do Data Tell Us? , pp 229-256

Mehmet Bilgin, Giray Gözgör, Gokhan Karabulut and Murat Yalcintas

Ch 9 Nigeria: Fractured Governance and Lack of Planning , pp 257-276

Bello Ayuba

Ch 10 The Development and Evolution of an Islamic Capital Market in Malaysia: Lessons for D-8 Countries , pp 279-316

Lutfi Abdul Razak and Shabeer Khan

Ch 11 Developing Islamic Infrastructure Financing in the D-8: Prospects and Challenges , pp 317-340

Obiyathulla Bacha and Lutfi Abdul Razak

Ch 12 Human Resources Development in the D-8: A Three-Pillar Model , pp 341-368

M Asadullah and Norma Mansor

Ch 13 D-8 Cooperation: Challenges and the Way Forward , pp 369-389

R. James Ferguson, Ahmed Khalid and M Asadullah

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