Document Type : Research
Authors
1
Researcher of Foreign Trade Department - Institute of Business Studies and Research - Ministry of Industry, Mining and Trade
2
Faculty member of Islamic Azad University, Isfahan Branch (Khorasgan)
3
Faculty member, Islamic Azad University, Karaj Branch, Faculty of Law and Political Science
4
Faculty Member ITSR
Abstract
Nearly three decades have passed since the formation of the D8 Economic Cooperation Organization. Now the question is, what economic and political benefits has this formation brought to the organization and each member country? In response, the research hypothesis is that the formation of the D8 has brought dynamic economic and political benefits to the organization and each member country in the long term, although the level of dynamic benefits for each member has not been the same. To this end, within the framework of the theory of economic integration and regional convergence, this article has addressed the dynamic economic benefits of the formation of the D8 in terms of national competitiveness, economies of scale, foreign investment flows, and factor mobility in the long term. The research method is a long-term retrospective comparative study of international economic and political variables of the 8 member countries of the D8 from 2000 to 2023. The research results indicate that the D8 has been promoted to a distinguished position at the global level in global competitiveness, economies of scale, and foreign investment flows over the long term. Given the improvement in the global competitiveness of some D8 countries, the group's share of global foreign investment flows has increased from less than 0.5% in the initial period of formation to 3.86% and 6.72% in the last two years of the period. It has also experienced economies of scale between countries, increasing the size of the economy from 2.85% to 4.57% during the period. Not all of these dynamic welfare benefits have been solely due to the formation of the D8, but this formation has not been ineffective in creating these benefits. In addition, not all 8 members have benefited from these benefits to the same extent, so that the highest benefits, in terms of increasing share coupled with accelerated growth, have been those of Indonesia and Bangladesh. In addition, Iran has not benefited from these dynamic benefits, and Iran's share of these dynamic benefits is insignificant; Therefore, the strong recommendation of this study is to seriously pursue a fundamental transformation in global competition, economies of scale, investment, trade, and the mobility of production factors, centered on the Iranian labor market, to promote the country's dynamic economic and welfare benefits.
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