mohammadtaghi azarshab; mahdi saneei
Volume 1, Issue 3 , March 2018, , Pages 21-42
Abstract
The process of globalization of the economy and its impact on the lives of different nations in recent years has made governments particularly keen on recognizing this phenomenon and ...
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The process of globalization of the economy and its impact on the lives of different nations in recent years has made governments particularly keen on recognizing this phenomenon and making the right decisions to reap the benefits and mitigate it, in order to achieve sustainable development and Balance requires attention to universal development. And for the sake of equitable prosperity and economic recovery in societies, the process of globalization must be guided. On the other hand, better management of this process requires the active participation of governments, especially developing countries, in international decision-making, and such cooperation is only possible through regional cooperation. The main question that this article addresses is the causes of convergence and divergence among the constituent members of the ECO. The hypothesis of the present study shows that the fundamental problem of the eco is not the lack of the necessary facilities and opportunities for economic cooperation, but the lack of political will and institutional infrastructure to dynamize the organization. Strategies are suggested to increase convergence in the ECO, including strengthening the ECO Secretariat and increasing the number of its experts, creating a suitable framework for private sector activity to further convergence, and given that the transport network is the most important comparative advantage for member states. Institutionalized Member States should allow foreign direct investment in this area.
