Download or read book Regional Integration in West Africa written by Eswar Prasad and published by Brookings Institution Press. This book was released on 2021-07-13 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Assessing the potential benefits and risks of a currency union Leaders of the fifteen-member Economic Community of West African States (ECOWAS) have set a goal of achieving a monetary and currency union by late 2020. Although some progress has been made toward achieving this ambitious goal, major challenges remain if the region is to realize the necessary macroeconomic convergence and establish the required institutional framework in a relatively short period of time. The proposed union offers many potential benefits, especially for countries with historically high inflation rates and weak central banks. But, as implementation of the euro over the past two decades has shown, folding multiple currencies, representing disparate economies, into a common union comes with significant costs, along with operational challenges and transitional risks. All these potential negatives must be considered carefully by ECOWAS leaders seeking tomeet a self-imposed deadline. This book, by two leading experts on economics and Africa, makes a significant analytical contribution to the debates now under way about how ECOWAS could achieve and manage its currency union, andthe ramifications for the African continent. "

Download or read book Integration Development and Equity Economic Integration in West Africa written by Peter Robson and published by Routledge. This book was released on 2010-11-26 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reissue, first published in 1983, is an authoritative study of economic integration among the states of West Africa, focusing upon the issues and experience of the four main initiatives for regional integration in West Africa, namely the Economic Community of West African States, the Mano River Union, the Communauté Economique de l’Afrique de l’Ouest, and the recent initiative for the establishment of an economic and monetary union between Senegal and the Gambia.

Download or read book Regional Integration and Cooperation in West Africa written by Réal P. Lavergne and published by IDRC (International Development Research Centre). This book was released on 1997 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the failure of regional integration and cooperation to date in West Africa and explores some of the more holistic and economically liberal options for revitalization. Annotation c. by Book News, Inc., Portland, Or.

Download or read book Development Co operation Report 2021 Shaping a Just Digital Transformation written by OECD and published by OECD Publishing. This book was released on 2021-12-21 with total page 503 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital transformation is revolutionising economies and societies with rapid technological advances in AI, robotics and the Internet of Things. Low and middle-income countries are struggling to gain a foothold in the global digital economy in the face of limited digital capacity, skills, and fragmented global and regional rules.

Download or read book Informal cross border trade in Africa How much Why And what impact written by Bouet, Antoine and published by Intl Food Policy Res Inst. This book was released on 2018-12-21 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Informal cross-border trade (ICBT) represents a prominent phenomenon in Africa. Several studies suggest that for certain products and countries, the value of informal trade may meet or even exceed the value of formal trade. This paper provides a review of existing efforts to measure informal trade. We list 18 initiatives aimed at measuring ICBT in Africa. The paper also summarizes discussions conducted with many stakeholders in Africa between December 2016 and May 2018 regarding the measurement, the determinants, and the implications of ICBT. The methodologies used to measure ICBT in Africa differ widely, but they do confirm that informal trade in Africa is both sizeable and volatile. Both evidence on the determinants of ICBT and discussions with stakeholders suggest that policies should aim to reduce the existing costs associated with formal trade and provide positive incentives for traders and producers to move into the formal economy in order to avoid the loss of economic potential stemming from informal trade.

Download or read book Assessing Regional Integration in Africa V written by and published by UN. This book was released on 2012 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fifth of the series (ARIA/V) has come at a time of renewed enthusiasm for shortening the period of the vision of the Abuja Treaty. Its overall objective is to provide an analytical research publication that defines frameworks for African Governments, the African Union and the Regional Economic Communities, towards accelerating the establishment of the African Common Market through: the speedy removal of all tariff and non-tariff barriers, obstacles to free movement of people, investments and factors of production in general across Africa, and through fast-tracking the creation of an African continental Free Trade Area

Download or read book Africa s Lions written by Haroon Bhorat and published by Brookings Institution Press. This book was released on 2016-11-08 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the economic forces that will shape Africa's future. Africa’s Lions examines the economic growth experiences of six fast growing and/or economically dominant African countries. Expert African researchers offer unique perspectives into the challenges and issues in Ethiopia, Ghana, Kenya, Mozambique, Nigeria, and South Africa. Despite a growing body of research on African economies, very little has focused on the relationship between economic growth and employment outcomes at the detailed country level. A lack of empirical data has deprived policymakers of a robust evidence base on which to make informed decisions. By harnessing country-level household, firm, and national accounts data together with existing analytical country research—the authors have attempted to bridge this gap. The growth of the global working-age population to 2030 will be driven primarily by Africa, which means that the relationship between growth and employment should be understood within the context of each country’s projected demographic challenge and the associated implications for employment growth. A better understanding of the structure of each country’s workforce and the resulting implications for human capital development, the vulnerably employed, and the working poor, will be critical to informing the development policy agenda. As a group, the six countries profiled in Africa’s Lions will largely shape the continent's future. Each country chapter focuses on the complex interactions between economic growth and employment outcomes, within the individual Africa’s Lions context.

Download or read book Wealth through Integration written by Elias T. Ayuk and published by Springer. This book was released on 2013-10-22 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Could regional integration be a first step toward joining the global market? In a context where liberalizing trade has not produced the expected gains in developing countries and growth in global trade has not led to the expected economic growth, an alternative solution has emerged. This new paradigm suggests that trade liberalization should be accompanied by public investment. However, by its very nature, trade liberalization leads to a reduction in revenues from duties and taxes, which means that the available resources for public investments will also be reduced. There are now solid arguments for encouraging the less-developed countries to first emphasize regional integration before trying to access the global market. This book explores the issues linked to regional integration in West Africa and presents empirical data about the experiences in = West African Economic and Monetary Union (WAEMU) countries to converge their economies. It also examines how these efforts, which make a major contribution to regional integration, influence poverty reduction in the economic and monetary community. It will be of interest to researchers working in this area. Elias T. Ayuk is Director of the United Nations University Institute for Natural Resources in Africa in Accra, Ghana, and was formerly a senior program specialist at the International Development Research Centre. Samuel T. Kaboré is a researcher/lecturer at the Faculty of Economics and Management at the University of Ouagadougou II, Burkina Faso. Canada’s International Development Research Centre (IDRC) supports research in developing countries to promote growth and development. IDRC also encourages sharing this knowledge with policymakers, other researchers, and communities around the world. The result is innovative, lasting local solutions that aim to bring choice and change to those who need it most. Elias T. Ayuk is Director of the United Nations University Institute for Natural Resources in Africa in Accra, Ghana, and was formerly a senior program specialist at the International Development Research Centre. Samuel T. Kaboré is a researcher/lecturer at the Faculty of Economics and Management at the University of Ouagadougou II, Burkina Faso. Canada’s International Development Research Centre (IDRC) supports research in developing countries to promote growth and development. IDRC also encourages sharing this knowledge with policymakers, other researchers, and communities around the world. The result is innovative, lasting local solutions that aim to bring choice and change to those who need it most.

Download or read book Economic Integration in the Maghreb written by Mr.Alexei P Kireyev and published by International Monetary Fund. This book was released on 2019-02-13 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their total trade, substantially lower than in all other regional trading blocs around the world. Geopolitical considerations and restrictive economic policies have stifled regional integration. Economic policies have been guided by country-level considerations, with little attention to the region, and are not coordinated. Restrictions on trade and capital flows remain substantial and constrain regional integration for the private sector.

Download or read book Regional Integration in West Africa written by International Development Research Centre (Canada) and published by IDRC (International Development Research Centre). This book was released on 1994 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional Integration in West Africa: Proceedings of the international conference organized by IDRC in Dakar, Senegal 11-15 January 1993

Download or read book The CFA Franc Zone written by Ali Zafar and published by Springer Nature. This book was released on 2021-05-11 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an empirical analysis of economic and political structures impacting the CFA franc zone. Concise and practical chapters explore the history of the CFA franc zone, challenges to development, geopolitical issues, the importance of flexible exchanges rates, growth trends, and the impact of the Covid crisis. Policy reform is examined to detail economic approaches that could reduce poverty and increase the quality of life within the area. This book aims to present a macroeconomic and exchange rate framework to promote development and post-Covid recovery within the CFA franc zone. It will be of interest to students, researchers, and policymakers involved in African economics, the political economy, and development economics.

Download or read book Regional Integration Trade and Industry in Africa written by Helmut Asche and published by Springer Nature. This book was released on 2021-06-14 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the past, present and prospects of regional economic integration in Africa. The empirical analysis ranges from unions formed during the years following independence, to the proposed African Continental Free Trade Area (AfCFTA), which aims to remove trade barriers between all 55 African states. In addition, the book explores to what extent Africa’s Regional Economic Communities (RECs) have advanced in accordance with a linear integration model of goods, labor and capital markets. The book subsequently evaluates the suitability of the European model of deep integration with costly institutions for the conditions specific to Africa, considering, for example, the role of informal and non-recorded trade. Stylized cases of regional division of labour with increasing returns and imperfect competition are introduced to support the economic integration logic. Past and current economic policies in Africa are scrutinized to answer the question: how can African regions best foster new manufacturing industries and value chains across the continent? In conclusion, the book outlines content and processes of Common Industrial Policy in the African regions. The book also addresses the controversial issue of international trade agreements between developing countries and the European Union or the USA and investigates whether these agreements impede or promote economic development in Africa. The book includes a detailed roadmap describing how to improve key clauses of agreements for economic partnership in the interest of African countries. In closing, it outlines a new vision of joint sustainable development for Africa and Europe.

Download or read book The Economic Integration of Europe written by Richard Pomfret and published by Harvard University Press. This book was released on 2021-06-08 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The clearest and most up-to-date account of the achievements—and setbacks—of the European Union since 1945. Europe has been transformed since the Second World War. No longer a checkerboard of entirely sovereign states, the continent has become the largest single-market area in the world, with most of its members ceding certain economic and political powers to the central government of the European Union. This shift is the product of world-historical change, but the process is not well understood. The changes came in fits and starts. There was no single blueprint for reform; rather, the EU is the result of endless political turmoil and dazzling bureaucratic gymnastics. As Brexit demonstrates, there are occasional steps backward, too. Cutting through the complexity, Richard Pomfret presents a uniquely clear and comprehensive analysis of an incredible achievement in economic cooperation. The Economic Integration of Europe follows all the major steps in the creation of the single market since the postwar establishment of the European Coal and Steel Community. Pomfret identifies four stages of development: the creation of a customs union, the deepening of economic union with the Single Market, the years of monetary union and eastward expansion, and, finally, problems of consolidation. Throughout, he details the economic benefits, costs, and controversies associated with each step in the evolution of the EU. What lies ahead? Pomfret concludes that, for all its problems, Europe has grown more prosperous from integration and is likely to increase its power on the global stage.

Download or read book Historical Dictionary of International Organizations in Africa and the Middle East written by Terry M. Mays and published by Rowman & Littlefield. This book was released on 2015-06-18 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Historical Dictionary of International Organizations in Africa and the Middle East focuses on international organizations in Africa. And the Middle East. This makes sense for political, cultural, and geographical reasons. North African countries, and many located in the Sahel region, are members of not only African but also Middle Eastern international organizations due to their cultural and religious heritage as well as geographic location between Sub-Saharan Africa and the Middle East. A limited number of global organizations are also included in this book when they have major programs focusing on Africa and/or the Middle East. This volume emphasizes intergovernmental organizations but many non-governmental organizations are also included. This is done through a chronology, an introductory essay, appendixes, and an extensive bibliography. The dictionary section has over 700 cross-referenced entries on important personalities, thematic topics, and major international issues affecting the region. This book is an excellent access point for students, researchers, and anyone wanting to know more about this subject.

Download or read book The Politics of Senegambian Integration 1958 1994 written by Jeggan Colley Senghor and published by Peter Lang. This book was released on 2008 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study focuses on the experience in state-managed cooperation and integration between The Gambia and Senegal. Specifically, it examines the nexus between national politics in The Gambia and inter-state cooperation in Senegambia; that is, the impact and implications of politics in The Gambia on the process of cooperation with Senegal in functional areas. The Senegambia case is a microcosm of the African dilemma of reconciling the ideological imperative of African unity and regional integration, recently enshrined in the Constitutive Act of the African Union, and the primordial reality of protecting national statehood and particularistic interests. The experience is instructive in many ways. It is indicative of the problems that arise in any scheme to promote integration between countries with distinctly different colonial heritages. The Senegambia case demonstrates that integration is more problematic after statehood has been achieved, if only because the rewards of statehood are more immediate whereas those of integration and unity are more distant. Then also this case demonstrates that integration can be perceived as a threat to national sovereignty by one or both parties; in fact, sovereignty is often very fragile in these states and is jealously guarded. Finally, the experience reveals the complexities and intricacies of achieving union between African states and demonstrates the tension between constructing a national political state and responding to the demands of inter-national economic integration.

Download or read book A Spatial Approach to Regionalisms in the Global Economy written by M. Niemann and published by Springer. This book was released on 2016-01-26 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author challenges the traditional manner in which regionalization has been approached and suggests that the failure to come to grips with this phenomenon is the result of the modernist regulation of space to margins of analysis. He advances instead a spatially orientated approach which views states as one of multiple layers of a global social space. Regionalization represents the construction of new layers in an effort to search for an institutional fix to the challenges of globalization.

Download or read book The European Union written by Ali El-Agraa and published by Cambridge University Press. This book was released on 2007-08-09 with total page 1135 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Union provides a comprehensive introduction to the economics and policies of the EU.