Author: Binyam Afewerk Demena
Publisher: Springer Nature
ISBN: 9811942110
Category : Business & Economics
Languages : en
Pages : 367
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Book Description
This book provides a thorough understanding of the key policy debates on international trade and investment for development with a focus on the East African Community (EAC) to strengthen Member States’ capacity to develop policies to promote their exports’ competitiveness and diversification. Beyond Member States’, the book serves as a base for a deeper understanding of the challenges, opportunities and requirements of the intra-continental trade agreement which is now in sight with the ratification of the Tripartite (EAC-COMESA-SADC) Free Trade Area that is critical in addressing key constraints to trade in the African continent. Moreover, the lessons from this edited volume may also extend to the challenges and opportunities of the African Continental Free Trade Area. The book brings together a comprehensive overview and an evidence-based analysis that can be considered best practice in the region. The trade and investment policy analysis of constraints and opportunities aims to improve trade and competitiveness and covers macro- (economy-wide), meso- (sectoral) and micro- (firm or household) levels. This multi-level approach is crucial for understanding how current trade and investment policies limit competitiveness and diversification in order to identify more tangible policy action for overcoming such constraints. The individual contributors follow comprehensive applied empirical approaches, and each chapter generates knowledge needed to identify key challenges and opportunities focusing on research-led policy-relevant approaches that enable readers to better understand national, bilateral, and multilateral cooperation as well as policies for sustainable development in East Africa. The contributors know the EAC context very well as their engagement in policymaking goes beyond the context of the papers they are writing about. The individual chapters were developed as part of a research and capacity building programme under the aegis of ACP and EU that we implemented in 2020-2022. The research project well fits into the Frontiers in African Business Research series as we have many African contributors. The contributions matter to policymakers and academic circles. For students, the book serves as an excellent guide for understanding international trade and investment theories and gaining up-to-date knowledge on developments in the world economy and their effects on developing countries and SDGs. Trade policy researchers and students will be able to extend theories and empirical data to address new and emerging topics beyond the settings already covered in the book.
Author: Joyce Ka Ming Chong
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 624
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Book Description
Author: Mr.Emre Alper
Publisher: International Monetary Fund
ISBN: 1475560354
Category : Business & Economics
Languages : en
Pages : 77
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Book Description
This paper assesses the extent of economic and financial integration among the East African Community (EAC) along a number of dimensions and, where possible, whether integration has increased in the wake of the major regional integration policy milestones.
Author: Bo Bernhard Nielsen
Publisher:
ISBN:
Category :
Languages : en
Pages : 7
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Book Description
Author: Ms.Catherine McAuliffe
Publisher: International Monetary Fund
ISBN: 1475586310
Category : Business & Economics
Languages : en
Pages : 55
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Book Description
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.
Author: Siah Hwee Ang
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
The remoteness and relative size of New Zealand and Australia's domestic markets often compound performance pressures, making it imperative for companies to diversify internationally.Using a sample of 152 listed companies in New Zealand and Australia, this study finds that those companies that have diversified beyond the Australasia region to a larger extent have actually performed better than those that diversify mainly regionally and those that do not diversify. In addition, the analyses also show that prior performance of a company is a key determinant of international diversification efforts, except in the case of regional international diversification. That is, poor performance constrains a company's ability to diversify internationally, except to neighbouring countries. These findings challenge the practices of using international diversification as a 'quick fix' for companies facing performance pressures and the effectiveness of diversifying into regional markets on the presumption of cultural and geographical proximity.
Author: Majed Hayssem Minkara
Publisher:
ISBN:
Category :
Languages : en
Pages : 82
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Book Description
This project investigates the effect of international diversification on the ope rating performance of firms listed in the United Nations Council on Trade and De velopment's World Investment Report for the years 1998 to 2003. Empirical result s show that an increase in international diversification is associated with a de cline in operating performance, which is consistent with the hypotheses construc ted concerning the increase in agency costs, managerial complexity that are asso ciated with an increase in internationalization. Moreover, the operating perform ance of firms originating in developing economies is negatively affected by inte rnational diversification, whereas it is no in firms originating in developed ec onomies. This is consistent with the accrual of managerial competencies and orga nizational structures, as well as improved governance, of firms originating in d eveloped economies. Further empirical investigations show evidence that export s ales are positively associated with operating performance whereas the acquisitio n of foreign assets is negatively associated with operating performance. Finally , further investigations show that product diversification is beneficial to inte rnationally diversified firms originating in developed economies, and dampens th e negative effect of international diversification on the operating performance of firms originating in developing economies.
Author: Mr.Masafumi Yabara
Publisher: International Monetary Fund
ISBN: 1463971826
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
Capital markets in the East African Community (EAC) face common challenges of low capitalization and liquidity, but to different degrees. EAC member countries have made noticeable progress in developing domestic capital markets through a regional approach, removing constraints on capital transactions and harmonizing market infrastructure. Nevertheless, empirical analysis suggests capital market integration has not deepened during the past few years in the EAC, although convergence of investment returns is taking place to some extent. Learning from the experience of the West African Economic and Monetary Union and the Association of Southeast Asian Nations, EAC countries would benefit from four actions to accelerate financial market integration: (i) further harmonize market infrastructure; (ii) strengthen regional surveillance mechanisms; (iii) encourage local currency bond issuance by multilateral financial institutions; and (iv) build the capacity of the existing regional institutions.
Author: Steven Jay Casper
Publisher:
ISBN:
Category : Business Administration/International Business Administration
Languages : en
Pages :
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Book Description
Ph. D.
Author: Simon P. Sigué
Publisher: Routledge
ISBN: 1000682358
Category : Business & Economics
Languages : en
Pages : 151
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Book Description
Celebrating the 20th anniversary of the Journal of African Business, this book delves into contemporary issues in business and business knowledge development in Africa. This collection of eight chapters—by fourteen distinguished scholars based in Africa, Europe, and North America—covers anticorruption strategies; domestic credit and export diversification; the challenges of doing business in African countries; the emergence of African endogenous businesses; board gender diversity; governance and performance of strategic alliances; customer-centric marketing in Africa; and the intellectual development of the Journal of African Business as the premier research outlet for African business since its inception in 2000. Each chapter offers a cogently differentiated perspective about business growth or business knowledge development in Africa. Made up of contributions which are vividly and ingeniously written to be accessible to decision-makers and other non-experts, this book will be of interest to all those researching the development of business in Africa. This book was originally published as a special issue of the Journal of African Business.
