DINAMIKA KERJASAMA EKONOMI INDONESIA DENGAN ANGGOTA ORGANISASI KONFERENSI ISLAM (OKI): POTENSI DAN PENGARUHNYA TERHADAP PEREKONOMIAN INDONESIA

Since the establishment of Organization of the Islamic Conference (OIC) in 1969, the level of economic cooperation among its 57 member-countries has been limited, indicated by the low portion of intra-trade and intra-investment among the OIC members and their relatively slow growth. This study discusses the dynamic economic cooperation between Indonesia and the OIC members. Further, it analyzes the prospect of OIC economic liberalization and its potential impacts on the Indonesian economy. It uses secondary data and employs the standard of General Trade Analysis Project (GTAP) model. It shows that the OIC economic liberalization potentially had varying sectoral impacts on Indonesian economy, which was particularly shown by macroeconomic variables (such as economic growth and inflation), industrial output, and trade. Furthermore, Indonesia and other OIC members would obtain optimum benefits when full liberalization is applied.