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Economic Cooperation Organization and Regional Trade

Author

Listed:
  • Ramin Bashir KHODAPARASTI

    (Urmia University, West Azerbaijan, Iran)

Abstract

Economic Cooperation Organization (ECO), based on regional and multicultural cooperation, has focused on the improvement of living standards, collective as well as individual prosperity of people and economic development of member’s states. Since February 1992 ECO has been expanded to ten as the result of collapse of the Soviet Union. Of course, gas and oil are very important factors in this regard. ECO has followed its two major plans in the context of Action Plan and Istanbul Declaration. Each of these documents is an indication of overall goals of this organization by 2005. One of the most important goals of ECO members has been accelerated of economic growth and development. The main question of this paper is: Has ECO been able to fulfill declared goals among member states? The hypothesis of this paper is: ECO has failed to achieve these goals. Prove of this hypothesis makes the revision of ECO activities a necessary step.

Suggested Citation

  • Ramin Bashir KHODAPARASTI, 2010. "Economic Cooperation Organization and Regional Trade," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(2), pages 284-297, May.
    • Handle: RePEc:rom:rmcimn:v:11:y:2010:i:2:p:284-297
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    More about this item

    Keywords

    ECO; RCD; Iran; Turkey; Central Asia; Russia; America; China.;
    All these keywords.

    JEL classification:

    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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