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The world economic powers and their multinational corporations have exploited the national wealth of the Muslims and penetrated their markets and their resources. Most of the Islamic world has become dependent on the external goods. To remedy this situation, the "Developing Eight Economic Co-operation Group" (D-8) was launched in Turkey on June 15th, 1997 at a summit in Istanbul. The D-8 countries are Egypt, Iran, Pakistan, Bangladesh, Nigeria, Malaysia, Indonesia, and Turkey. D-8 is undoubtedly a great goal for the Muslim countries, however, the economic and political situation indicates that D-8 has a long way to go.
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