Author
Faculty member and researcher of the Institute of Business Studies and Research
Abstract
This paper studies the feasibility and effectiveness of Regional Trade Arrangements (RTA’s) among the member states of Organization of Islamic Conference (OIC), based on comparative advantage principle. After a brief review on the theories of Regional Integration, the basic factors of effectiveness for RTA’s were reviewed. Then based on various determinants of Revealed Comparative Advantage (RCA) the feasibility and effectiveness of RTA’s among the OIC member states are analysed.
The results show that a great share of the intra group exports of OIC member countries is based on comparative advantage, so the Regional Trade Arrangements among these countries are feasible and effective.
Keywords
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