This study aims to illustrates the conceptual framework of economic cooperation and integration between OIC countries. This paper follows descriptive analysis approach to describe the conceptual framework of cooperation and integration between OIC countries. This paper describes the conceptual framework of economic cooperation and integration between OIC. It explores the channels through which trade can contribute to cooperation and integration. This study highlighted the cooperation between OIC in the light of economic integration theory. The results of this study discovers the dynamic relationship between trade balance and macroeconomic elements. This study also explains the empirical evidence on effects of trade on cooperation and integration. Keywords: Economic Cooperation, Economic integration theory, Trade Balance and Macroeconomic Elements.
Objective - This study aims to illustrate the conceptual framework of economic cooperation and integration between OIC countries. It also highlighted on Economic cooperation and integration theory. Methodology - This paper follows descriptive analysis approach to describe the conceptual framework of cooperation and integration between OIC countries. This paper describes the conceptual framework of economic cooperation and integration between OIC. Itexplores the channels through which trade can contribute to cooperation and integration. This study highlighted the cooperation between OIC in the light of economic integration theory. Findings - The results of this study discover the dynamic relationship between trade balance and macroeconomic elements. Novelty - This study also explains the empirical evidence on effects of trade on cooperation and integration. The study recommended to compare the results with European Union to understand the effects of trade on cooperation and integration between OIC countries. Type of Paper - Literature. Keywords: Economic Cooperation, Economic integration theory, Trade Balance and Macroeconomic Elements.
This study aims to Illustrates the conceptual framework of international trade between OIC counties. It also highlights on the impact of trade balance on Economic performance. This paper follows descriptive analysis approach to describe the conceptual framework of international trade between OIC counties. It explores the determinates of trade deficits in the terms of the policy of OIC. The result focus on the impact of Foreign Direct Investment (FDI) and Trade Balance on Economic Growth. This study also explains the impact of trade balance on Economic performance between OIC countries.
Egypt and Malaysia are both belong to the Organization of Islamic Conference (OIC), have a similar historical background that both have been under the British colony and have enjoyed independence at almost within the same period. However, trades between the two countries are relatively small, and if based on the socio-economic background the magnitude of trades between the two countries can be further improved. This paper traces the historical development of bilateral trade relationship between Egypt and Malaysia to understand the strength and weaknesses. The aim is to develop possible proposals for further enhancement of the relationship. The main objective of this paper is to investigate factors that may enhance integration and cooperation between Egypt and Malaysia. The research used qualitative analysis approach by looking at the trade sectors and volumes over the period of 2000-2012, based on the phenomenological case study method. It is found that Egypt and Malaysia enjoyed significant bilateral trade relations since the independence of Malaysia in 1957, especially in the fields of culture and education. Because of the appreciation of the Malaysian citizens to the Islamic-based education such as Islamic studies, medicine, and pharmacy particularly the world-renowned institution of Al-Azhar University, thousands of Malaysians have enrolled and graduated from this university and other related institutions. On the other hand, Malaysia is falling behind Argentina, Brazil and India regarding export to Egypt. However recently, Malaysia has been becoming popular for the Egyptian tourists. The paper explores a proposal for further improvement regarding bilateral trades based on Islamic approach.
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