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Author: Eswar Prasad
Publisher: Brookings Institution Press
ISBN: 0815738544
Category : Business & Economics
Languages : en
Pages : 203
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Book Description
" 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. "
Author: Eswar Prasad
Publisher: Brookings Institution Press
ISBN: 0815738544
Category : Business & Economics
Languages : en
Pages : 203
Get Book Here
Book Description
" 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. "
Author: Vusi Gumede
Publisher: BRILL
ISBN: 9004411224
Category : Social Science
Languages : en
Pages : 206
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Book Description
This comparative book debates migration and regional integration in the two regional economic blocs, namely the Southern African Development Community (SADC) and the Economic Community of West African States (ECOWAS). The book takes a historical and nuanced citizenship approach to integration by analysing regional integration from the perspective of non-state actors and how they negotiate various structures and institutions in their pursuit for life and livelihood in a contemporary context marked by mobility and economic fragmentation.
Author: Juma V Mwapachu
Publisher: E&d Vision Publishing Limited
ISBN: 9789987521814
Category :
Languages : en
Pages : 442
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Book Description
CHALLENGING THE FRONTIERS OF AFRICAN INTEGRATION: The Dynamics of Policies, Politics and Transformation in The East African Community ISBN 978 9987 521-81-4 Author: Juma V. Mwapachu About the Book The basic premise of this book is that regional integration in Africa offers great promise in addressing endemic poverty and in advancing Africa's integration in the global economy. Based on hands on experience of the author and a body of research focusing on the East African Community, the book breaks the path in providing a wealth of information and analysis of cutting edge topical issues on Africas, s emergent promise, as well as on the challenges that that confront Africa and EAC in particular in achieving deeper economic and political integration. The EAC model of integration, with its unique and lofty but overly ambitious goal of political federation, evidently offers exciting possibility for the broader quest for the African Economic Community and the the United States of Africa. However, there also clear lessons, marked by challenges of zero sum game mindsets and sovereignty sensitivities that slow down and even hamper what would make the EAC process more robust and rewarding and with important bearing on Africa's own continental ambitions. A notable feature of the book is the coverage of the historical development of the COMESA-EAC-SADC Tripartite Framework, a novel idea in the attempt to address the dysfunctions of multiple memberships of Regional Economic Communities in Africa and the pragmatic and progressive approach towards building a fast paced movement for the realization of the African Economic Community.
Author:
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 138
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Book Description
Author: Consolata Mutisya
Publisher: GRIN Verlag
ISBN: 3656099383
Category : Language Arts & Disciplines
Languages : en
Pages : 71
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Book Description
Research Paper (postgraduate) from the year 2011 in the subject Communications - Print Media, Press, grade: none, , course: Communications, language: English, abstract: The purpose of this study was to establish the impact of print media on the East African Integration. It was guided by five objectives which aimed at establishing the amount of coverage that print media gives to EAC issues, determining the issues given priority by the print media as regards EAC, establishing how print media frames issues related to EAC, establishing the accuracy, framing and balancing coverage of the East African Integration. The literature review for the study focused on such things as the integration of the African continent in general. The idea of integration has been encouraged by rapid spread of globalization which is forcing many countries of the world to come together to form regional blocks for closer cooperation in trade issues among others. The agenda setting theory was advanced to explain the role of print media in the integration process. The study results validated all that is advocated by the agenda setting theory. The study used content analysis as a survey design. This entailed analyzing the contents of the articles dealing with East African Integration. In general the study shows that the print media as presented by The East African has a positive influence on issues of integration. Some of the articles published by the newspaper shows that trade, the economy, education, infrastructure and the common market protocol have benefited a lot from integration efforts.
Author: African Union Commission
Publisher: OECD Publishing
ISBN: 926460653X
Category :
Languages : en
Pages : 284
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Book Description
Africa’s Development Dynamics uses lessons learned in the continent’s five regions – Central, East, North, Southern and West Africa – to develop policy recommendations and share good practices. Drawing on the most recent statistics, this analysis of development dynamics attempts to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.
Author: Nordiska Afrikainstitutet
Publisher: Nordic Africa Institute
ISBN: 9789171064844
Category : Business & Economics
Languages : en
Pages : 78
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Book Description
The contributions identify and review current issues of regionalism and regional integration within the era of globalization in the African context. Their approaches present different theoretical and regional perspectives which provide new insights, challenge existing concepts and perceptions and contribute to an enriched debate.
Author: United Nations Publications
Publisher: UN
ISBN:
Category : Business & Economics
Languages : en
Pages : 174
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Book Description
The establishment of the Continental Free Trade Area (CFTA) is a major milestone in the long march of African integration. As foreseen in the Treaty Establishing the African Economic Community (commonly known as the Abuja Treaty), which entered into force in 1994, the integration process is to culminate in the African Economic Community. A review of the current status of Africa's economic integration is the subject of Chapter 2. The CFTA aspires to liberalize trade between African countries across the continent and to build on the considerable successes already achieved within Africa's regional economic communities (RECs). By doing so, the CFTA is set to facilitate intra-African trade; foster regional value chains that can facilitate integration into the global economy; and energize industrialization, competitiveness and innovation-- and thereby contribute to African economic and social progress and development.
Author: Joseph S. Nye, Jr
Publisher:
ISBN: 9780674421394
Category : Economic history
Languages : en
Pages : 307
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Book Description
Author: Said Adejumobi
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
The early twenty-first century witnessed remarkable attempts by Africa's political leadership to promote regional integration as a means of fast-tracking economic progress, facilitating peace and security, consolidating democratic gains, and promoting the general welfare of the African people. The transition of the Organization of Unity (OAU) to the African Union (AU), as well as the foisting of a new economic blueprint for the continent-the New Partnership for Africa's Development (NEPAD), combined with the growing role of the regional economic communities (RECs) in harmonizing and creating subregional norms and standards in the political and economic arena suggests a new trend towards regionalism in Africa. Indeed, in the new regional integration architecture, the RECs are considered to be the building blocks of the integration process led by the African Union. This new impetus of a regional development strategy was largely prompted by the slow pace of economic progress on the continent, the increasing marginalization of Africa in the global economy, and the need to create regional resources and standards that would benefit the continent in all spheres of social life. A painful realization became obvious that small micro-states in Africa sticking to their political independence and sovereignty would hardly make much progress in an increasingly globalised world. A macro-states' approach of regional integration has assumed Africa's new strategy to intervene in and integrate with a globalizing world. The current regional trend in Africa has received very little scholarly attention especially in a systematic and comprehensive way. This is due partly to the fact that the processes are currently unfolding and there is still uncertainty in the outcomes. Poor documentation and the dearth of primary materials (especially from the regional institutions) also contribute to the lack of scholarly work in this area. This study assembles the voices of some of the most seasoned African and Africanist scholars who have constantly, in one way or another, interacted with the integration process in Africa and kept abreast of the developments therein, and seeks to capture those developments in a nuanced manner in the economic, political and social spheres. The essence of this book is to analyze those processes--teasing out the issues, problems, challenges and major policy recommendations, with tentative conclusions on Africa's regional development trajectory. The book therefore fills major knowledge and policy gaps in Africa's regional development agenda. This book is a landmark contribution in a systematic attempt to comprehend Africa's regional development strategy led by the African Union. It examines the background, nuances, and dimensions of the process, which include the basis and historiography of pan-Africanism, the transition of the OAU to the AU, the issue of popular participation in development, the NEPAD and APRM initiatives, the evolving regional peace and security architecture, and the efforts of regional institutions to facilitate democracy, human rights, rule of law and good governance on the continent. The book underscores the fact that formidable obstacles and challenges abound in the trajectory, politics, and processes of this regional development paradigm, especially as Africa navigates an uncertain future in a deeply divided and unequal yet globalised World. The book constitutes a major reference material and compendium for a wide range of readers--students and scholars of African affairs and African development, policy makers both in Africa and the western countries, regional and international institutions and organizations, and all those interested in the past, present and future of Africa's development process.
