Wednesday 13 July 2011

...OIC Part I

...read interesting facts & figures about OIC and world R&D...57 OIC countries account 1/6 of the world area and more than 1/5 of the world populations...members countries represent high levels of heterogeneity and divergence in terms of economic structure and performance...22 of world's 49 least developed countries are OIC members (mostly agricultural-based)...28 middle income and 7 high income countries...total output/income & trade of OIC members are heavily concentrated in a few countries...10 (mostly oil-rich) countries contributed 71% of the total GDP and 73.5% of the total merchandise exports of OIC member countries...19 fuel-exporting countries depend mainly on the production and export of oil & gas for their growth and development...which put a question the prospect growth and sustainability of the countries in the long run (considering the low investment on economic and human development R&D)...imagine 30 or 50 years ahead when oil/gas is no longer important commodities...

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