The contribution of intergovernmental institutions to development in the south especially in the Islamic countries : a critical appraisal

Author

Ghaussy, A. Ghani

Source

International Economic Relations from Islamic Perspectives

Publisher

Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)

Publication Date

1992-12-31

Country of Publication

Saudi Arabia

No. of Pages

17

Main Subjects

Economy and Commerce
Islamic Studies

English Abstract

Since 1970s a number of intergovernmental institutions have emerged in the developing and Islamic countries whose main purpose is to promote social and economic development in the member countries.

Theoretical basis for the establishment of these multilateral intergovernmental institutions is provided by the theory of collective 'self reliance'.

Making the developing countries in general, and Islamic and Arab countries in particular, a rame of reference, the paper reviews the emergence of multinational financial institutions, development banks, development finance institutions, financial intermediaries, multilateral government and semi-governmental institutions in different sectors of the economy such as industry, trade, agriculture, and transport.

A critical review of multinational cooperation and integration schemes in the countries has been made.

Certain impediments and discrepancies are also identified which, in the opinion of the author hinder efficient integration of Islamic countries.

It is recommended that self-reliance strategy must take cognizance of individual, social and political factors necessary for socioeconomic advancement.

- (Editors)]

Language

English

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Data Type

Book chapters

Notes

Includes in-text citations at the end of the paper.

Record ID

BIM-778250