Publication:
Resource rich Muslim countries and Islamic institutional reforms
Abstract
The Organization of the Islamic Cooperation (OIC) countries have high economic potential in various fields, including productive land, mining, energy, agriculture, human resources and financial means. Collectively, the member countries of the OIC contribute over 9% of the world's total GDP1 with 22.8% of the world's population. Saudi Arabia and the United Arab Emirates alone, contribute about 17% of world oil production2. It could be expected that the wealth of natural resources would position the oil-producing OIC countries at the forefront of economic performance and growth. Yet, their economic performance often falls behind other countries. Income disparity in the OIC countries has remained constant over the last 30 years.
Keywords
OIC countries , Resource rich countries , Islamic institutional reforms
Citation
Mydin, Liza. (2017). Resource rich Muslim countries and Islamic institutional reforms. IF Hub, 6 (September 2017), pp. 1-3
Publisher
INCEIF
DOI
Files
IFHubEd6_resource_rich_muslim_countries_islamic_institutional_reforms_liza.pdf
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