benefits of regional integration in africa pdf

Korbel School of International Studies, University of Denver, Denver, CO, USA. Ensuring that regional economic integration succeeds in Africa is very important, not only because of the prospective benefits mentioned above, but also because the policies that are required to ensure its success are the same as those needed if Africa is to benefit from the process of globalisation and integration into the world economy. Regional Economic Integration (REI) refers to the commercial policy of discriminatively reducing or eliminating trade barriers only between the states joining together. Agreements like these are not uncontroversial, because they entail certain advantages and disadvantages. The challenges of regional integration in Africa • page 1 Paper 145 • June 2007 Introduction It is widely acknowledged that Africa’s integration efforts have thus far failed to bear satisfactory fruit. Africa’s integration is no longer a matter of choice. Without the benefit of ‘regional’ economic and sector work, the paper provides a ‘broad-brush and impressionistic’ picture of selective developments within the southern African region. Benefits of Regional Economic Integration. However, there are risks to regional integration that need to be identified and managed. Kishore G. Kulkarni . A Look at the Costs and Benefits of Regional Trade Agreements in Africa Show all authors. Regional integration presents unique opportunities to drive Africa’s transformation and development. This paper represents the opinions of the author, and is the product of professional research. For instance, the European Union only considers a few languages as official means of communication, leaving out languages used by remote communities in Europe, such as Breton, Welsh and Frisian. Regional economic integration can be further enhanced in fields like energy and infrastructure. See all articles by this author. 2 “The Vision of the African Union is to become an integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in the global arena.” African Union Agenda 2063. April 1, 2011, Harri Daniel, 1 Comment. integration in sub-region. Both descriptive and quantitative analyses are used to this end. In their work on the political economy of regional integration in Africa, Vanheukelom et al. Regional integration agreements expand the market for goods and therefore allow companies, factories and industries to produce more of their goods and sell it to a bigger market. 169 Economic integration in the form of regional markets for goods, services, capital and labour, including common standards and lower reciprocal customs barriers, will create larger and more interesting markets for both African and international investors and manufacturers. African regional integration was a dream of many of the continent's leaders, and gave impetus to the creation of the Organization of African Unity (OAU) in 1963. Enhanced political cooperation Today, they account for a considerable amount of world trade (Figure15-1, 15-2). Integrating nations in Africa have largely ignored the fact that today more than ever before; Africa must use regional integration to integrate into world markets if they are to realize any benefits from integration into the world economy. He is currently pursuing a Master of Public Administration at Cornell University. Special thanks to Phoebe Wong for help and Céline Carrère, Julie Regolo, and the editors for comments. There hasn’t been a war between members of the European Union since it was created. Regional integration has a final non-economic disadvantage. Benefits of Regional Integration: What Sri Lanka Can Learn From Poland Patryk Kugiel, Shari Cooray1, ... (ASEAN, African Union), others— South Asia in particular—have been less interested in the European experiences so far. The East African Legislative Assembly (EALA) has passed several community laws and the Council of Ministers has established various Sectoral Councils to oversee policy issues in the regional integration progress. Some regional integration agreements that involve the creation of a common currency -- most notably the European Union's -- lead to fiscal crises. The Economic Commission for Africa (ECA) became the champion of regional integration, already in the mid-1960s proposing the division of Africa into regions for the purposes of economic development. Theses - ALL. Southern African News Features Reaping the benefits of regional integration. Southern African News Features Reaping the benefits of regional integration. The challenge is therefore for Africa to take it upon itself to ensure that it succeeds in regional economic integration. Against an international backdrop of changing political and economic priorities, Africa must plot a new course for its industrialisation and economic development, using the momentum of regional integration. Besides the European Union, other trade-related regional integration policies include numerous agreements in Africa: for example, the Southern African Customs Union Agreement, the Multilateral Monetary Agreement and the Indian Ocean Commission. Sarah Ellis Barnekow 1. that has been shaping the evolution of regional integration in Western Africa. Regional integration increase a nation economic activities overall, which in turn raises GDP and can provide better living standards for all citizens within the regional block. Regional Integration in Africa Trudi Hartzenberg Trade Law Centre for Southern Africa (tralac) Manuscript date: October 2011 Disclaimer: This is a working paper, and hence it represents research in progress. This trend was triggered by the EU market integration. A number of leaders called for the integration of Africa already soon after independence, but it was only in the 1970s and 1980s that concrete steps were taken to re-launch or … The following article takes a look at the benefits of regional economic integration. Whilst there are strategies in place to address these areas the consensus from Key Informant Interviews (KIIs) and the 1 The EAC is the regional intergovernmental organisation of the Republics of Burundi, Kenya, Rwanda, the United Republic of Tanzania, and the Republic of Uganda. The healthy effects of such a regional economic integration are presumed to be as follows: 1. (2016), find that effective implementation of regional initiatives is more likely where these are in line with key national interests of participating states, as defined by their domestic ruling elites. © 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. 169 Economic integration in the form of regional markets for goods, services, capital and labour, including common standards and lower reciprocal customs barriers, will create larger and more interesting markets for both African and international investors and manufacturers. INTRODUCTION Regional economic integration has a fairly long history in virtually all parts of Sub-Saharan Africa (SSA). History and legal organisation UEMOA countries Unlike the other African regions, the countries of Francophone West Africa and of Central Africa have been members of regional groups since independence. Small size, small national markets 2. 1Depuis longtemps, lAfrique a manifesté un grand besoin de coopération entre ses Etats. In Europe the focus has … INTRODUCTION Regional economic integration has a fairly long history in virtually all parts of Sub-Saharan Africa (SSA). Regional economic integration refers to the agreement amongst countries within a certain geographic area for reducing and ultimately removing tariff barriers, making sure there is better flow of services or goods through the respective nations. From better crisis prevention and management, financial and macroeconomic integration, to free movement of people, the list of achievements by ECOWAS is long since its formation in 1975. Africa’s Regional Integration Index is an action tool measuring the progress of an Africa on the move. In particular, the limited intra-regional trade among African states, their similar thus competitive products, their export-oriented infrastructures and differential benefits from regional integration offered little economic incentives for sustained regionalism (Chazan et al. In various ways, these agreements make moving goods across borders in Africa easier. Especially strong integration -- like the European Union -- can lead to the loss of unique minority cultures within a region. 2 “The Vision of the African Union is to become an integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in the global arena.” African Union Agenda 2063. Classroom is the educational resource for people of all ages. Trade gains are one of the major advantages of regional integration for individual member states. dissemination on the benefits of regional integration and improved labour market data. A number of leaders called for the integration of Africa already soon after independence, but it was only in the 1970s and 1980s that concrete steps were taken to re-launch or … Regional Integration: Do Intra-African Trade and Migration Improve Income in Africa? Political motives, geography, and the uneven distribution of gains trumped the traditional efficiency gains across Africa’s Regional Economic Communities (RECs). According to this approach, and others, African growth should occur through regionalisation. Trade agreements that open borders allow a country with a particularly strong industry, like wool production, to sell its goods to an even bigger market outside of the country of origin. Melo thanks FERDI for support. Since a regional common market obviously provides a much larger market than that offered by the domestic market of a single country, economies of scale, both internal and external, become possible with the widened size of the market. PDF | On Nov 1, 2014, Steve Kayizzi-Mugerwa and others published Regional Integration in Africa: An Introduction | Find, read and cite all the research you need on ResearchGate The Economic Community of West African States (ECOWAS) is among the major African Regional Economic Communities that has been shaping the evolution of regional integration in Western Africa. According to this approach, and others, African growth should occur through regionalisation. African RECs have pursued the "linear model" of integration with a stepwise integration of goods, labour, and capital markets, as well as eventual monetary and fiscal integration. This leads to gains in trade. This leads to monetary gains for countries involved, through more profits for the country of origin and through cheaper products for the importing country. Over the past three decades, regional integration agreements have been spreading everywhere across Africa. Benefits of Regional Economic Integration. AN INDEPENDENT STUDY ON THE POTENTIAL BENEFITS OF THE AFRICAN CONTINENTAL FREE TRADE AREA (AFCFTA) ON NIGERIA 4 Regional integration is inevitable for economic transformation and sustainable socio-economic development in Africa. Conflict is replaced by constructive dialogue. Regional integration leads to cultural centralization, which can result in the loss of unique cultures within a region. Based on the Word Net lexical database for the English Language. 1. In particular, the limited intra-regional trade among African states, their similar thus competitive products, their export-oriented infrastructures and differential benefits from regional integration offered little economic incentives for sustained regionalism (Chazan et al. IMPACT OF REGIONAL INTEGRATION ON TRADE AND FIRM PERFORMANCE IN WEST AFRICA: THE CASE OF BENIN* by Dr. Toussaint Houeninvo National School of Applied Economics and Management University of Abomey Calavi Republic of Benin and Dr. Sylvain H. Boko Department of Economics Wake Forest University Winston-Salem, NC, USA * Published, in Mina Baliamoune-Lutz, Alojzy Z.Nowak and … The paper posits that regional integration is an imperative factor for Southern African states as it plays a pivotal role in stimulating their economic growth prospects. A Look at the Costs and Benefits of Regional Trade Agreements in Africa Show all authors. Regional Integration: Concepts, Advantages, Disadvantages and Lessons of Experience1 1. Dr. Chris Fomunyoh, senior associate for Africa and regional director for Central and West Africa at National Democratic Institute (NDI), served as moderator. However, there are risks to regional integration that need to be identified and managed. These languages in turn get little protection from the state, and reduced barriers to movement across countries within the EU leads people toward speaking only "major" languages, such as Spanish, French and German. This paper examines the challenges and prospects of African regional integration with the focus on Southern Africa. Benefits of Regional Integration: What Sri Lanka Can Learn From Poland Patryk Kugiel, Shari Cooray1, Thileni Wickramaratne2 Although Poland and Sri Lanka are distant and differ significantly, a comparison of their experiences with regional cooperation reveals a few interesting observations. Semantic Scholar is a free, AI-powered research tool for scientific literature, based at the Allen Institute for AI. Each of the issues covered requires further study, while some other important issues might not have received attention at all. AFRICA Regional Integration Index. Benefits Of Regional Economic Integration. Sarah Ellis Barnekow . Korbel School of International Studies, University of Denver, Denver, CO, USA. “regional integration” has become a major trend. The most famous example is the European Union, where a series of countries together formed a new political body, with each member state sacrificing certain powers such as the right to mint currency. Les responsables politiques et les intellectuels ont pris conscience des besoins et des avantages liés à lintégration régionale et leurs ambitions ont donné lieu à une prolifération, sur le continent, daccords régionaux qui, malgré les efforts consentis, nont pas encore donné les résultats escomptés. Search Google Scholar for this author, Kishore G. Kulkarni 2 3. Reaping the benefits of regional integration. The Idea of Political Integration in Africa: Challenges and Prospects, The East African Community Common Market Scorecard, An economic analysis of the feasibility of a monetary union in two African economic regions: SADC and EAC, Analysis Of Feasibility Of Monetary Union In The Sadc And Eac: Evidence From Analysis Of Trade Openness, Preferential Trade Agreement Policies for Development: A Handbook, Economic integration in remote resource-rich regions*, Modeling Services Liberalization: The Case of Tanzania, South – South Trade: Geography Matters South – South Trade: Geography Matters, Evaluating Aid for Trade: A Survey of Recent Studies. International Education Journal: Losing Cultural Diversity in Europe. Search Google Scholar for this author, Kishore G. Kulkarni 2 3. PDF | On Nov 1, 2014, Steve Kayizzi-Mugerwa and others published Regional Integration in Africa: An Introduction | Find, read and cite all the research you need on ResearchGate On one hand, it is a development strategy aimed at aggregating Africa’s small countries into one large Have a building block for global integration; Reap other non-economic benefits, such as peace and security. Some features of the site may not work correctly. Keywords: East African Community, regional integration, monetary union, capital market, equity, stock, debt, bond, beta convergence, sigma convergence, cointegration Author’s E-Mail Address: myabara@imf.org This Working Paper should not be reported as representing the views of the IMF. Have a building block for global integration; Reap other non-economic benefits, such as peace and security. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent … Africa’s integration is no longer a matter of choice. Regional integration refers to various types of political and economic agreements that form closer ties between sovereign countries. In various ways, these agreements make moving goods across borders in Africa … • Benefits of regional integration • The role of individuals, businesses and government in the integration process • The role of regional agencies in the integration process. Regardless of how old we are, we never stop learning. Regional integration leads to cultural centralization, which can result in the loss of unique cultures within a region. Thirdly, education and cultural exchanges have the potential to enhance regional integration for the benefit of all members. Major challenges facing the Caribbean Region 1. Why Trade Facilitation Matters to Africa? The European Union, however, controlled the country's currency, which left it little power to fix its own economy. Countries may have different preferences on priorities for regional integration, depending on their connectivity gaps, economic geography, or preferences for sovereignty in specific areas. Africa’s Regional Integration Index is an action tool measuring the progress of an Africa on the move. Keywords: East African Community, regional integration, monetary union, capital market, equity, stock, debt, bond, beta convergence, sigma convergence, cointegration Author’s E-Mail Address: myabara@imf.org This Working Paper should not be reported as representing the views of the IMF. Regional economic integration refers to the agreement amongst countries within a certain geographic area for reducing and ultimately removing tariff barriers, making sure there is better flow of services or goods through the respective nations. But lack of complementarities among partners and diminishing returns to the exploitation of…. Kevin Wandrei has written extensively on higher education. The Southern African region provides a good example of what has been achieved so far on the continent. On October 19, 2007, the Africa Program hosted Dr. Mohamed Ibn Chambas, President of the Economic Community of West African States (ECOWAS) Commission, speaking on "The Role of ECOWAS in Achieving the Economic Integration of West Africa." 1999: 317-8). Integrating nations in Africa have largely ignored the fact that today more than ever before; Africa must use regional integration to integrate into world markets if they are to realize any benefits from integration into the world economy. 1999: 317-8). In the late 1970s, North-South preferential Trade agreement represented 60%, while the South-South constituted 20%, but, by 2010, two thirds However, the regional integration process is not necessarily smooth and linear. In the case of both the European Union and the East African Community there are three outstanding benefits that regional integration can bring. AFRICA Regional Integration Index. September 22, 2015. by Kizito Sikuka – SANF 15 no 51 The benefits of belonging to a shared community in southern Africa are reaching the lives of many people in the region, according to a new publication released by the Southern African Development Community. Export Performance and Trade Facilitation Reform: Hard and Soft Infrastructure, View 4 excerpts, references background and methods, View 3 excerpts, references methods and background, View 2 excerpts, references methods and background, By clicking accept or continuing to use the site, you agree to the terms outlined in our. This occurred when Greece's national finances were very weak, and its economy suffered. Secondly, regional integration implies the lowering of barriers to trade, thus benefiting the economy and increasing the well-being of the member states’ citizens. These agreements are usually made between nations with smaller economies in order to promote trade within the region. Kishore G. Kulkarni . It is also argued that African governments are unlikely to pursue integration with much seriousness if they do not benefit from integration, giving rise to political indifference. Such policies vary from trade agreements to more extensive treaties in which individual member countries sacrifice part of their national sovereignty to a higher entity. Against an international backdrop of changing political and economic priorities, Africa must plot a new course for its industrialisation and economic development, using the momentum of regional integration. Historically, formal economic and social integration in the East African Region commenced with, among other things, the construction of the Kenya-Uganda Railway from 1897 to 1901. Regional integration in Africa : Challenges and prospects* A contribution to the Handbook of Africa and Economics Jaime de Melo Yvonne Tsikata Abstract Political motives, geography, and the uneven distribution of gains trumped the traditional efficiency gains across Africa’s Regional Economic Communities (RECs). AFRICA WEEK 2017 A f r i c a n P e e r R e vi e w M e c h a n i s m APRM DPI Regional and Economic Integration in Africa: How to Effectively Involve Africa’s Youth across Without regional integration, individual countries can control the supply of their own currency to suit the nation's economic conditions. Fewer trade barriers also allows increased competition, which in turn causes less-productive companies within a particular industry to close. First, regional integration is an important building block in deterring violent conflicts between nations. These do not include minority languages spoken by remote communities in Europe: Welsh, Breton, Frisian, Retoromanic, Occitan and others. IMPACT OF REGIONAL INTEGRATION ON TRADE AND FIRM PERFORMANCE IN WEST AFRICA: THE CASE OF BENIN* by Dr. Toussaint Houeninvo National School of Applied Economics and Management University of Abomey Calavi Republic of Benin and Dr. Sylvain H. Boko Department of Economics Wake Forest University Winston-Salem, NC, USA * Published, in Mina Baliamoune-Lutz, Alojzy Z.Nowak and … This creates something called economies of scale, where the per-unit price of producing a good decreases as the total quantity of that good's production increases. When a higher entity controls that currency -- as is the case with the EU's euro -- individual countries have no power to vary the strength of their currency when their economy weakens. There -is mutual recognition of standards marks across the region where the bureaus of standards have developed an EAC catalogue of Standards. See disclaimer. Unemployment and underemployment 4. deep integration, African countries are seeking to maximize the benefits of regional integration, but the y are also imposing on t hemselves a substantial demand for … Economic Integration in East Africa: The Case of Ethiopia and Kenya Dawit Ayalew Alemneh Syracuse University Follow this and additional works at: https://surface.syr.edu/thesis Part of the Social and Behavioral Sciences Commons Recommended Citation Alemneh, Dawit Ayalew, "Economic Integration in East Africa: The Case of Ethiopia and Kenya" (2017). From better crisis prevention and However, they can have disadvantages, too. The World Bank: Regional Integration: Concepts, Advantages, Disadvantages and Lessons of Experience. His work has been published with Kaplan, Textbooks.com, and Shmoop, Inc., among others. 3.3 Benefits of regional economic integration 49 3.3.1 Policy Co‐ordination 50 ... and China, have presented African regional economic integration as an imperative. the key priorities of African leaders towards achieving the African dream of continental unity and economic growth. Hereby, the lowest level of collaboration involves trade while a deeper integration goes beyond trade. In pursuit of facilitating trade … For instance, the European Union only considers a few languages as official means of communication, leaving out languages used by remote communities in Europe, such as Breton, Welsh and Frisian. does not aim at providing a systematic evaluation of the effects of regional integration in West Africa, nor to recommend or even suggest courses of action for donor countries. You are currently offline. AFRICA WEEK 2017 A f r i c a n P e e r R e vi e w M e c h a n i s m APRM DPI Regional and Economic Integration in Africa: How to Effectively Involve Africa’s Youth across Cultural differences between and within states will continue to exist both in Europe and in East Africa. Keywords: regional integration, Africa, trade creation, trade diversion, Franc zone, trade liberalization JEL classification: F6, F12, F15, F16 * Acknowledgements: An earlier version of the paper was presented at a workshop in Beijing 8-10 December 2013. For Africa, a vast continent of over 1.2 billion people, integration has considerable potential not only for promoting For Africa, a vast continent of over 1.2 billion people, integration has considerable potential not only for promoting In both developed and developing countries, customs unions and free trade areas (FTAs) continue to increase and expand. Regional Integration: Concepts, Advantages, Disadvantages and Lessons of Experience1 1. Sarah Ellis Barnekow 1. Trade gains are one of the major advantages of regional integration for individual member states. Lack of diversification 3. Another advantage of regional integration is that the effect of a large market will increase global competitiveness. Reaping the benefits of regional integration. See all articles by this author. The European Union has a series of languages that it deems to be the official languages of the EU government. Regional economic integration agreements are treaties between member states in a particular region of the world such as Sub-Saharan Africa or the Middle East. Regional integration increase a nation economic activities overall, which in turn raises GDP and can provide better living standards for all citizens within the regional block. Countries may have different preferences on priorities for regional integration, depending on their connectivity gaps, economic geography, or preferences for sovereignty in specific areas. deep integration, African countries are seeking to maximize the benefits of regional integration, but the y are also imposing on t hemselves a substantial demand for … Sarah Ellis Barnekow . 2. Low levels of production and productivity 5. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent … gender profiles of partner states of the East African Community (EAC) within the context of regional integration (chapter 1), and analyses the impact of EAC regional integration on women’s well-being with a focus on women’s employment (chapter 2). Show all authors Harri Daniel, 1 Comment trade while a deeper integration goes beyond trade integration need... Union -- can lead to the exploitation of… received attention at all Administration Cornell. 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