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Africa's Progress in Regional and Global Economic Integration - Towards Transformative Regional Integration
Based on Africa's deep routed structural problems, the key aspect of a transformative regional integration is how to promote structural transformation by adapted strategies and policies for the African regional economic communities, for the Continental Free Trade Area, and for the Tripartite Free Trade Area. Regional integration in Africa is based on a conventional (linear) model, starting with trade preference zones and moving to free trade areas, customs unions, and monetary and economic zones, with the ultimate goal to reach political unity. Specific problems of a more transformative regional integration agenda are discussed, such as: ?food security and agriculture; industry development, enterprise growth and competition; and economic partnership agreements with extra-regional partners. In the final section, the impact of three global value chains of importance for Africa (diamonds, shea butter, and sesame) are considered on regions, on sub-regions, and on regional integration. (Series: African Development Perspectives Yearbook, Vol. 18) [Subject: African Studies, Economics
African Perspectives on Trade and the WTO
Twenty-first-century Africa is in a process of dynamic economic transformation. However, challenges remain in areas such as structural reform, governance, market turbulence, commodity pricing, and geopolitics. There is a critical need for African economies to assess growth models and strategies to foster increased, sustained, and inclusive growth. The book contributes to contemporary debate on key questions facing the continent, such as: How can Africa achieve deeper integration into the rules-based multilateral trading system and the global economy? What approaches and next steps are possible, according to economic and trade policymakers? What supportive roles can multilateral and regional institutions play? This volume is a product of the Fourth China Round Table, which took place during the WTO's Tenth Ministerial Conference, held in Kenya in December 2015. Supported by independent expert analyses, the book proposes a range of African perspectives on the role of trade, the WTO, and its future agenda.
Fundamentals, Contagion and Currency Crises
This paper examines the determinants of currency crises in Latin America, Asia, and Africa. It asks two basic questions: are currency crises linked to economic fundamentals, and is there evidence of a contagion effect after controlling for the potential effects of economic fundamentals. The examination uses pooled annual data for 19 developing countries spanning the period 1977-93. Economic variables considered include the growth rate of domestic credit, real exchange rate misalignment, the relation of the M2 monetary aggregate to international reserves, and fiscal or current account deficits.
International Borrowing, Specialization and Unemployment in a Small, Open Economy
GNP, unemployment, debt, firms, workers, income.
The Liberalisation of the Telecommunications Sector in Sub-Saharan Africa and Fostering Competition in Telecommunications Services Markets
This study investigates whether the existing regulatory framework governing the telecommunications sector in countries in Sub-Saharan Africa effectively deals with emerging competition-related concerns in the liberalised sector. Using Uganda as a case study, it analyses the relevant provisions of the law governing competition in the telecommunications sector, and presents three key findings: Firstly, while there is comprehensive legislation on interconnection and spectrum management, inefficient enforcement of the legislation has perpetuated concerns surrounding spectrum scarcity and interconnection. Secondly, the legislative framework governing anti-competitive behaviour, though in line wit...
Sustainable Development Goal Nine and African Development
This issue of the African Development Perspectives Yearbook focusses on the relevance of Sustainable Development Goal (SDG) 9 ("Build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation") for Africa's development. Issues are analysed at the continental level and in country case studies. Unit 1 presents in four essays the African continental perspectives and achievements. Unit 2 presents six essays, which are focussing on aspects of the eight targets of SDG 9 in country cases. Unit 3 presents book reviews and book notes in the context of SDG 9.
Towards Africa's Renewal
Africa still finds itself in the clutches of poverty and underdevelopment. The expected benefits from economic restructuring have not been realized and the debt burden continues to weigh heavily on African economies, constraining the possibilities of growth. Problems that have existed since the 1960s remain and links with the global economy continue to increase but fall short of requirements. Against this background it is not surprising that the vast majority of African states will not meet the Millennium Development Goals. The search for political systems that can deliver development have been categorized by cynics as old wine in old bottles with new stickers. As the dividends from globalization elude Africa in the 21st century, it becomes clear that it is a series of failed states, rogue states and even stateless states. This volume brings together leading researchers and analysts to examine issues and identify policy options which can lead to renewal in Africa. It provides an opportunity to reflect and offers a critical multidisciplinary appraisal of the future challenges facing Africa.
