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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: Mustapha Rouis
Publisher: World Bank Publications
ISBN: 082139729X
Category : Business & Economics
Languages : en
Pages : 209
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Book Description
This book summarizes the constraints to and opportunities for deepening economic integration within the MENA region and beyond. Trade and investment reform are discussed together with physical connectivity, cross-border trade facilitation, infrastructure networks, and the vital role of logistics.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264504621
Category :
Languages : en
Pages : 201
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Book Description
Regional Integration in the Union for the Mediterranean: Progress Report monitors major trends and evolutions of integration in the Euro-Mediterranean region. The Report examines five domains of regional integration, namely trade integration, financial integration, infrastructure integration, movement of people, as well as research and higher education.
Author: Réal P. Lavergne
Publisher: IDRC (International Development Research Centre)
ISBN: 9780865435674
Category : Political Science
Languages : en
Pages : 350
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Book Description
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.
Author: Gary Clyde Hufbauer
Publisher: Columbia University Press
ISBN: 0881324949
Category : Political Science
Languages : en
Pages : 215
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Book Description
Increasing terrorist activity has led the Maghreb countries—Morocco, Algeria, Tunisia, Mauritania, and Libya—to focus on antiterrorism efforts, unintentionally at the expense of full-fledged economic reform. These countries have tightened their border restrictions on the flow of people and goods, reducing commerce and depressing economic activity. In fact, Maghreb has one of the lowest rates of intra-regional trade in the world; other factors like rigid economic structures, slow productivity growth, and modest investment levels continue to stymie progress toward economic integration. Do these countries' diverse circumstances symbolize insurmountable obstacles in achieving economic cooperation and an improved standard of living for citizens? How can the United States and European Union facilitate economic progress? Maghreb Regional and Global Integration: A Dream to Be Fulfilled utilizes two distinct econometric tools to assess four key sectors—energy, banking and insurance, transport, and agribusiness—and outlines achievable sector-specific recommendations. This book not only assesses the gains from economic integration among the Maghreb countries, but also focuses on the tangible benefits from enhanced economic ties between the region and the world economy. With this critical analysis, the authors provide an in-depth look at practical measures such as bilateral trade and investment agreements, regional arrangements, and financial assistance that can significantly boost short-term success and ensure long-term gains through integration in an unstable region.
Author: Bertrand Fort
Publisher: Routledge
ISBN: 1134209827
Category : Political Science
Languages : en
Pages : 358
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Book Description
A fascinating insight into how regional organizations in Europe and East Asia are currently grappling with a striking number of essentially similar challenges. This issue-based overview of political integration focuses on the differences and similarities in regional integration levels and processes in the two regions, to examine how the long-term future, role and impact of organizations such as the EU and ASEAN may depend heavily on how well they deal with complex and conflict-laden issues in the next few years. This volume analyzes the historical development, current state and prospective future evolution of political integration in the two regions. These leading authors identify key variables that account for the contrasting political integration levels, clearly demonstrating and explaining why the rhythm of integration in both regions varies. With contributions from both Asian and European scholars on each topic, this book delivers: comparative rather than a single region focus breakdowns of regional integration into key issue areas analysis of monetary cooperation and integration incisive assessments of institutional reform key topics of enlargement, including: identity, distributional equity, the distribution of power and effectiveness or decision-making efficiency discussion of regional and international security crises expert scholarship from both European and Asian perspectives This volume will be of great interest to students and scholars of IPE, international relations, political science, contemporary history and European studies and Asian studies.
Author: Ronald Bruce St. John
Publisher: Taylor & Francis
ISBN: 9780415701846
Category : History
Languages : en
Pages : 282
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Book Description
Geographically, Cambodia, Laos and Vietnam are situated in the fastest growing region in the world, positioned alongside the dynamic economies of neighboring China and Thailand. Revolution, Reform and Regionalism in Southeast Asiacompares the post-war political economies of these three countries in the context of their individual and collective impact on recent efforts at regional integration. Based on research carried out over three decades, St John highlights the different paths to reform taken by these countries and the effect this has had on regional plans for economic development. Through its comparative analysis of the reforms implemented by Cambodia, Laos and Vietnam over the last thirty years, the book draws attention to parallel themes of continuity and change. St John discusses how these countries have demonstrated related characteristics whilst at the same time making different modifications in order to exploit the strengths of their individual cultures. The book contributes to the contemporary debate over the role of democratic reform in promoting economic development and provides academics with a unique insight into the political economies of three countries at the heart of Southeast Asia.
Author: Ram Upendra Das
Publisher: World Scientific
ISBN: 9814374601
Category : Business & Economics
Languages : en
Pages : 253
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Book Description
The Asia-Pacific region has emerged as a dominant player in trade and will continue to be an influential component of world trade and economics. This book presents an informative outlook on the various regional and trade agreements (RTAs) and their beneficial effects on bilateral trade. In particular, the authors concentrate on India and China, the two major rising powers, and the impact of exchange of information and sharing of resources between these two countries in wide-ranging areas. It provides an incisive analysis and a roundup of all major RTAs and also presents an overview of all major agreements between the countries involved, which might propel their trade numbers and influence future economic engagements. The book also discusses possible obstacles that are encountered during the implementation of RTAs and circumvention routes that can be taken to ensure the successful execution of the agreements. International trade agreements, such as General Agreements on Trade and Tariffs, which have revolutionized the trade dynamics by opening up new areas of trade and formulating specific guidelines for the member countries to adhere to during trade negotiations, are discussed. The book also provides new insights into some of the issues under negotiation, such as sensitive lists, trade, investment cooperation, and trade in services. The existing economic cooperation arrangements in the region as well as those that are at various stages of study and negotiations, empirical insights and policy suggestions are elucidated in detail.
Author: Miroslav N. Jovanović
Publisher: Edward Elgar Publishing
ISBN: 1849806004
Category : Business & Economics
Languages : en
Pages : 617
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Book Description
'International Handbook on the Economics of Integration edited by Miroslav Jovanovi? provides timely and rich academic contributions to considerations of the widest array of integration-related issues. European integration has been providing an inspiration to a number of academics and researchers. the Handbook is a recognition of the dynamic and strong solidarity of European integration. At the same time, the European Union often provided an example for integration schemes throughout the world which spread enormously since the mid-1990s. Leading experts from all continents contributed to this Handbook which will be a valuable input into academic and policy-making discussions and actions.' - José Manuel Barroso, President of the European Commission
Author: Hadrian Geri Djajadikerta
Publisher: Springer
ISBN: 9812874992
Category : Business & Economics
Languages : en
Pages : 351
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Book Description
This book offers a collection of studies on regional integration and the dynamic business environment in East Asia. The papers included, originally presented at the 2014 Asia Pacific Business Conference on "Free Trade Agreements and Regional Integration in East Asia," examine the challenges and dynamics in the increasingly integrated East Asian markets and outline a new paradigm for doing international business in the region. The papers address diverse areas related to regional integration, financial markets, investment, trade and capital flow, sustainability, accounting and auditing issues, exchange rates, strategies and the regional business environment. The book provides a valuable resource for practitioners, policy-makers and students who are interested in understanding the vibrant aspects of business in today’s East Asia.
