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- Title
İslam Ülkeleri Arasındaki Ticaretin Geliştirilmesinde "Çok Taraflı Kliring Birliği" Projesinin Rolü ve Önemi.
- Authors
Ersun, Nur; Arslan, Kahraman
- Abstract
When the trade potential of İslamic countries is considered, the economic relations among the İslamic countries are seen to be insufficient. For the development of the mentioned relations and their economic development and wealth level increase as a whole İslamic community, the materialistic and historic conditions are present. Before all, the establishment of an effective cooperation mechanism among themselves and its implementation is of importance. Out of 57 members of the Islamic Development Organization, 22 countries are defined to have a "very low development" and the economic success of Islamic countries are under the sovereignty of a few countries. This condition reflects the deep precipice among the Islamic countries and becomes a factor preventing cooperation. Specially, underdeveloped and developing countries confront various difficulties in their foreign trade pratices. Foreign debt problem leading the way, several problems are present like the inconsistenciy of the required basic raw material prices, control of foreign exchange, goods inventories, the insufficiency of their bargaining power in maintaining credits, the evaluation of unused capacity and the overcoming of preventive programs of international organizations. In order to solve these problems several projects have been developed and put into implemention. One of them is "Multilateral Islamic Clearing Union". In this project the reasons for bilateral trade have been stressed, the effects of the benefits that are to be provided by multilateral clearing union on developing trade among Islamic countries have been studied.
- Subjects
INTERNATIONAL trade; ECONOMIC development; EXTERNAL debts; RAW materials; FOREIGN exchange; ISLAMIC countries; COMMERCE
- Publication
Journal of Accounting & Finance / Muhasebe ve Finansman Dergisi, 2010, Issue 48, p172
- ISSN
1304-0391
- Publication type
Article