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ARABIC COUNTRIES IN THE GLOBAL GOVERNANCE: ALTERNATIVE FOR THE ISLAMIC UMMAH
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ARABIC COUNTRIES IN THE GLOBAL GOVERNANCE: ALTERNATIVE FOR THE ISLAMIC UMMAH
Annotation
PII
S0321-50750000591-6-1
Publication type
Article
Status
Published
Authors
Nikita Kolpakov  Alexandra Khudaykulova E. Biryukov
Edition
Issue №3
Pages
14-20
Abstract
By forming the core of OPEC and being leaders in the international oil market, the Arabic countries are transforming their economic power into the development of alternative institutions ofglobal governance aimed at the Islamic community. These structures include, first of all, the Organization of Islamic Cooperation (OIC) and related institutions, the World Islamic Economic Forum. As the Islamic ummah grows, including in European countries, the influence of alternative institutions of global governance will increase as well. The influence of Arab countries in the traditional, Western institutions of global governance remains weak. None of the countries is a permanent member of the UN Security Council and is not a member of the G-7. The Kingdom of Saudi Arabia (KSA) is the only Arab member of the G-20. The aggregate quota of Arab countries in the International Monetary Fund is only 5, 93% of the total number of votes. At the same time, the dominance of Arab countries, in particular, of Saudi Arabia, in the structures of OIC, is decisive. For the entire history of the OIC, 6 out of 11 Secretaries General of the organization were representatives of Arab countries. 7 out of 13 sessions of the Islamic Summit and 3 out of 5 emergency meetings of the Islamic Summit were also held in the Arab countries. 8 out of 18 affiliated organizations of OIC are headquartered in the Arab countries.In a number of cases, these institutions are used not only to consolidate Islamic unity, but to promote geopolitical projects and foreign policy objectives of Saudi Arabia.
Keywords
Arabic countries, Saudi Arabia, global governance, Organization of Islamic Cooperation, World Islamic Economic Forum, Islamic finance
Date of publication
01.03.2018
Number of purchasers
8
Views
1490
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0.0 (0 votes)
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