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The Case OF Economic Cooperation Organization (ECO)
Economic Cooperation Organization (ECO) was founded in 1985, in order to bolster economic and foreign relations among these states and to emerge as a single economic bloc to boost each other's infrastructure, cure the "economic dependency syndrome" and promote integration. However, it must be mentioned that none of the ECO countries are each other's major trading partners. Most of them rely on trade extensively with the Western countries, which keeps their industrial sectors from fully blooming and perpetuates their dependency. ECO is certainly a step in the right direction if the member states want to benefit from the fruits of economic collaboration. However, ECO is far from achieving that full benefit.
Regional Cooperation Development (RCD) remained in existence from 1964 to 1979. In the beginning, there was some dynamism in regards to formulating different projects of economic liberalization that included industrial, financial and transportation sectors, but soon it gave way to inactivity and yielded minimal results.
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