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Showing 1 to 10 of 10 (0.15 seconds)Spelling suggestions: "subject:"africa, aneconomic integration"" "subject:"africa, econonomic integration""
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Legal and institutional framework for monetary union in Anglophone West Africa : the Nigerian perspectiveAkinrinsola-Salami, Iwaleso Omosalewa January 2006 (has links)
Economic and monetary integration efforts in West Africa over the past several decades have been highly problematic. However, with the recent commitment of the international community and key international institutions to assist Africa bring about economic advancement, such integration can be achieved. It is within this context of renewed optimism for Africa that this thesis aims to address the role of law and institutions in facilitating closer economic integration and eventual monetary union among the Anglophone states of West Africa This thesis proposes that legal infrastructure and institutions will help achieve and sustain the WAMZ monetary union. It argues for the development of appropriate infrastructural "pillars" for such a union, which would be brought about by comprehensive regional treaty provisions and structures in conjunction with complementary domestic legal and institutional reforms. It focuses specifically on the existence of adequate legal and institutional framework for the integration of the banking markets, central bank independence, and fiscal management in Member States. In assessing these issues, a comparative analysis is provided between the Monetary Union proposed by the Anglophone West African states (WAMZ) and those of the Francophone West African states (WAMU) and the European Union. Nigeria is used as a case study in assessing the state of preparedness of the Member States of this proposed Union, since it has the largest economy in the sub-region and is the main political driving force behind the project of integration. This thesis is divided into two parts comprising six chapters. Part one, consisting of three chapters, considers the legal and institutional requirements for economic integration. Chapter One presents the preliminary background by considering the relevant theories of economic integration and by assessing the benefits and possible drawbacks of such integration within the context of West Africa. Chapter Two provides a historical analysis of economic regional efforts in Anglophone West Africa. This assessment shows that failures of these efforts are attributed, in part, to inadequate legal and institutional arrangements at the regional level. Chapter Three considers the domestic legal and institutional requirements for effective participation in an economic integration arrangement and provides a case study on Nigeria. Chapters Four to Six constitute part two of the work and assess the legal and institutional framework for the proposed monetary union. This second part considers, specifically, whether Member States possess the legal and institutional requirements for the integration of their banking markets, for the preservation of central bank independence and for the effective conduct of fiscal management. By using international standards of best practices, these Chapters assess the adequacy of relevant institutions in Nigeria, which are necessary preconditions for supporting the proposed monetary union.
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Monetary union in Africa : using trade patterns to create interim country groupingsMather, Sandra 12 1900 (has links)
Thesis (MBA)--Stellenbosch University, 2008. / ENGLISH ABSTRACT: The ultimate goal of the African Union is full political and economic integration, which
includes a monetary union with a common currency for all member states of the African
Union. This monetary integration is proposed to take place in two stages: firstly, through five
regions, and secondly, through complete integration.
This report examines current trade data for member states of the African Union using k
means duster analysis to group countries according to trade patterns. Analysis was
performed for the actual US dollar value of trade, as well as considering only the presence or
absence of trade.
There are limitations to the data collected: firstly, they are annual data, which masks
fluctuations in trade due to economic conditions or political developments. Secondly, they
are subject to missing or under-reported values. The focus of this research report was to
consider trade figures for the first time, and the limitations were considered acceptable in
view of the aim of achieving a first approximation of results.
When considering all solutions, there are overlaps between clusters, but no definite patterns
emerge that are common to all analyses. Considering the F and Euclidean distances of all
solutions, the best appears to be that for clusters derived from analysing trade figures
between Africa and its trading partners outside Africa. Further analysis of this solution failed
to demonstrate viable clusters.
The final conclusion to be made from this analysis is that k means clustering of trade figures
for member states of the African Union does not generate viable clusters that could be used
as steps towards full monetary integration in Africa.
Given this conclusion it is recommended that the stepwise progression towards full monetary
integration be considered by utilising existing economic arrangements, i.e. by using the five
Regional Economic Communities proposed by the African Union. / AFRIKAANSE OPSOMMING: Die uiteindelike doel van die Afrika-unie is volledige politieke en ekonomiese integrasie, wat 'n
monetere unie met 'n gemeenskaplike geldeenheid vir al die lidstate van die Afrika-unie
insluit. Hierdie monetere integrasie word in twee stadiums beoog: eers deur vyf streke, en
daarna deur volledige integrasie.
Hierdie verslag ondersoek die huidige handelsdata vir lidstate van die Afrika-unie deur k gemiddelde trosanalise
te gebruik om lande volgens handelspatrone te groepeer. 'n Analise is
ook gedoen van die werklike VS-dollarwaarde van handel, en deur die aanwesigheid of
afwesigheid van handel in aanmerking te neem.
Daar is beperkings op die data wat ingesamel is: eerstens is dit jaarlikse data, wat
skommelings in handel as gevolg van ekonomiese toestande of politieke ontwikkelings
verberg. Tweedens is hulle onderworpe aan ontbrekende of ondergerapporteerde waardes.
Die fokus van hierdie navorsingsverslag was dus om handelsyfers vir die eerste keer te
oorweeg, en die beperkings is aanvaarbaar beskou in die lig van die doel om 'n eerste
benadering van resultate te verkry.
Wanneer aile oplossings oorweeg word, is daar oorvleueling tussen trosse, maar geen
definitiewe patrone ontstaan wat vir alle analises geld nie. Wanneer die F- en Euklidiese
afstande van alle oplossings oorweeg word, lyk dit asof die beste die trosse is wat verkry is
uit die analise van handelsyfers tussen Afrika en sy handelsvennote buite Afrika. Verdere
analise van hierdie oplossing het nie lewensvatbare trosse aangedui nie.
Die finale gevolgtrekking wat uit hierdie analise gemaak kan word, is dat k gemidderde trosvorming
van handelsyfers vir lidstate van die Afrika-unie nie lewensvatbare
trosse genereer wat gebruik kan word as stappe in die rigting van volledige monetere
integrasie in Afrika nie.
Met die oog op hierdie gevolgtrekking word daar aanbeveel dat die stapsgewyse vordering na
volledige monetere integrasie oorweeg moet word deur bestaande ekonomiese reelings te
gebruik, d.w.s. deur die vyf Streeksekonomiese Gemeenskappe te gebruik wat deur die
Afrika-unie voorgestel is.
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Analysing Sub-Saharan Africa trade patterns in the presence of regional trade agreements : a comparative analysisAppau, Adriana Boakyewaa, University of Lethbridge. Faculty of Arts and Science January 2013 (has links)
This thesis employs a dynamic form of the gravity model and data from 1988-2005 to estimate the effects of RTAs in SSA on intra-African trade. The thesis proposes a better approach to examining member-nonmember trade relations of RTAs. This thesis is unique because it uses System GMM estimator to overcome econometric issues associated with estimating dynamic models. The results suggest that COMESA and SADC has led to a significant increase in intra and extra-RTA trade. ECOWAS has increased intra-ECOWAS trade but decreased extra-ECOWAS trade. ECCAS has had a negative impact on both intra-ECCAS and extra-ECCAS trade flows. The proposed approach of examining member-nonmember relationships provides better estimates. A comparative analysis is made to shed light on how high or low the trade creation effect of RTAs in SSA are. The results of this thesis support the view that the impact of RTAs in SSA is higher than perceived. / x, 61 leaves ; 29 cm
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Integration in West Africa : an empirical examination of ECOWASAdkisson, Stephen C. 01 January 1984 (has links)
The Economic Community of West African StatQs (ECOWAS) was established by treaty in 1975 to promote the economic and political well-being of its 16 regional members. As a coordinated effort of geographically associated states ECOWAS joins an expanding group of regional integration schemes created by developing countries.
As an international organization with some claim to supranational authority the success of the ECOWAS scheme is of practical and theoretical importance. Success in this sense implies an increasing level of interaction among the ECOWAS members and the development of a regional economic and political position toward non-member states. This coordination of member states' national policy within a regionally constituted political body offers an interesting laboratory for the examination of regional integration efforts.
This paper seeks to establish the degree of integration achieved by the ECOWAS members to date and to chart the progress of that integration over time.
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The European Union relationship to the Africa, Caribbean and Pacific countries in terms of the Cotonou Agreements: will the economic partnership agreements aid regional integration.Li, Jinxiang January 2005 (has links)
The main purpose of this paper was to explore the role economic partnership agreements play in regional integration. The whole paper was premised on identifying the nature of economic partnership agreements that is conceived as a free trade arrangement. Therefore the paper discussed the feasibility of the reciprocal principle between the European Union and ACP countries, and further indicated that there is no need to implement the principle of reciprocity at present. The paper also discovered that, due to the fact that unequal trade relations between the EU and the ACP countries still exist, the implementation of the EPAs is most likely to generate the complementary but non-competitive trade relations between the EU and the ACP countries. Such a situation could result in the ACP countries over-independence on the EU's market. ACP countries are not expecting to such integration. In addition the paper ascertains that the EPAs themselves could contain the intrinsic negative impacts such as discrimination against the third countries on regional integration.
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The European Union relationship to the Africa, Caribbean and Pacific countries in terms of the Cotonou Agreements: will the economic partnership agreements aid regional integration.Li, Jinxiang January 2005 (has links)
The main purpose of this paper was to explore the role economic partnership agreements play in regional integration. The whole paper was premised on identifying the nature of economic partnership agreements that is conceived as a free trade arrangement. Therefore the paper discussed the feasibility of the reciprocal principle between the European Union and ACP countries, and further indicated that there is no need to implement the principle of reciprocity at present. The paper also discovered that, due to the fact that unequal trade relations between the EU and the ACP countries still exist, the implementation of the EPAs is most likely to generate the complementary but non-competitive trade relations between the EU and the ACP countries. Such a situation could result in the ACP countries over-independence on the EU's market. ACP countries are not expecting to such integration. In addition the paper ascertains that the EPAs themselves could contain the intrinsic negative impacts such as discrimination against the third countries on regional integration.
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The importance of regional economic integration in AfricaMadyo, Manone Regina 07 1900 (has links)
Motivation of virtually all regional economic integration (REI) initiatives has been prospect of enhanced economic growth. Although REI's role in contributing to growth and development was recognised and acknowledged, its importance in Africa has never been properly outlined. Theoretical background, economic assumptions and evidence of REI are examined to bring out REI's importance to Africa. Depicting from these, benefits and challenges of REI in Africa are explored. This dissertation analyses the progress, pace, approach, sequence of REI in Africa looking at different variables. Africa's regional integration blueprint and institutional framework are compared to EU's but selected areas are identified as essential for Africa. Progress on REI has been found to be slow. This study concludes that REI should be viewed as one aspect of strategy towards Africa's development and growth. However, the benefits of REI make it imperative for it to remain the central pillar of Africa's development agenda. / Economics / M.Com. (Economics)
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The importance of regional economic integration in AfricaMadyo, Manone Regina 07 1900 (has links)
Motivation of virtually all regional economic integration (REI) initiatives has been prospect of enhanced economic growth. Although REI's role in contributing to growth and development was recognised and acknowledged, its importance in Africa has never been properly outlined. Theoretical background, economic assumptions and evidence of REI are examined to bring out REI's importance to Africa. Depicting from these, benefits and challenges of REI in Africa are explored. This dissertation analyses the progress, pace, approach, sequence of REI in Africa looking at different variables. Africa's regional integration blueprint and institutional framework are compared to EU's but selected areas are identified as essential for Africa. Progress on REI has been found to be slow. This study concludes that REI should be viewed as one aspect of strategy towards Africa's development and growth. However, the benefits of REI make it imperative for it to remain the central pillar of Africa's development agenda. / Economics / M.Com. (Economics)
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Assessing the feasibility of the institutional design of an expanded and devolved trade and investment section of the African Court of Justice and Human RightsMutubwa, Wilfred Akhonya 11 1900 (has links)
Africa has always aspired for the economic integration of its markets. This endeavour is evident right from the 1960s clamour for independence and shortly thereafter, as newly independent states. During this period African countries under the umbrella of the OAU underscored economic cooperation as the basis for intra-African relations. However, it was not until the year 1991, with the conclusion of the AEC Treaty, that the continent formally adopted a framework and roadmap towards continental economic integration.
The 40-year roadmap towards a continental economic community was premised upon the two principles of harmonisation and devolution. Moreover, the six-stage integration process set out in Article 6 of the AEC Treaty identifies the eight RECs in Africa as the building blocks for the continent’s proposed single market and economic union. It also underpinned the economic integration of the continent on the harmonious co-existence of the RECs.
A step-wise ambitious integration model was adopted under Article 6 of the AEC Treaty. The model envisaged the creation of a Free Trade Area (FTA), followed by a Customs Union, a Common Market and ultimately a fully-fledged Economic Union. As a first step towards the continental integration, the African Continental Free Trade Area (AfCFTA) was unveiled in 2018.
Cross border, intra-African trade, is bound to lead to a rise in investment and commercial transactions on the continent. This, in turn, will inevitably lead to disputes which require resolution. The economic integration of the continent is fast evolving under the aegis of the AU; whose dispute settlement system is currently also under review. Significantly, the AU has consolidated its dispute settlement mechanism, following the merger in 2008 of the ACJ and ACH&PR, into a single AU court, known as the African Court of Justice and Human Rights (ACJ&HR).
It is within the context of the merged AU single court that this thesis grounds itself. It seeks to interrogate the adequacy of the continental trade and investment dispute settlement system and examines its viability within the consolidated AU dispute settlement system. While the AU led continental economic integration gains pace, the dispute settlement system, critical for the integration, is either lagging behind or is not receiving adequate attention. As a result, the dispute settlement systems created under the AEC and AfCFTA are incongruent with the principles of harmonisation and devolution, which underpin the continent’s economic integration goals.
The recommendations proffered, align with the philosophy of harmonising and devolving the continental trade and investment dispute settlement system. The research proposes to locate the continental trade and investment dispute settlement within the AU single court system. The principal recommendation is not only to expand the Court’s jurisdiction in order to accommodate the trade and investment mandate, but also to use sub-regional REC judicial organs as courts of first instance for the ACJ&HR. A hierarchical order of the continental court system, with the single AU Court at the apex, is also proposed in this study as the supreme overarching supranational judicial organ. / Public, Constitutional, and International Law / LL.D.
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Le rôle des juridictions supranationales de la CEMAC et de l'OHADA dans l'intégration des droits communautaires par les Etats membres / The role of supranational jurisdictions of CEMAC and OHADA in the integration of community Law by member StatesFipa Nguepjo, Jacques 04 July 2011 (has links)
La Cour de Justice Communautaire (CJC), la Cour des Comptes Communautaire (CCC) et la Cour Commune de Justice et d’Arbitrage (CCJA) sont les trois juridictions supranationales créées respectivement par les traités de la CEMAC et de l’OHADA pour renforcer les nouveaux processus d’intégration économique et juridique des Etats membres. Dans la mesure où ces juridictions exercent un contrôle juridictionnel déterminant de la norme communautaire, le premier contrôle étant effectué par les juridictions nationales des Etats parties, la conception, l’organisation, le fonctionnement, les caractéristiques, les rôles ou compétences de ces juridictions nouvelles ainsi que la destinée des décisions qu’elles rendent dans leurs fonctions strictement judiciaires ou dans celles accessoires d’appui à la procédure arbitrale, présentent un intérêt digne d’une recherche doctorale. S’il est apparu que des jalons supplémentaires d’efficacité des nouveaux processus d’intégration ont été plantés par la création desdites juridictions, il a également été constaté que des pesanteurs d’ordre juridictionnel, structurel ou fonctionnel continuent d’en retarder la vitesse de croisière. Les solutions que nous avons proposées pour surmonter ces difficultés se regroupent en une réorganisation des juridictions communautaires, une répartition claire des compétences entre elles, un renforcement de la procédure de contrôle du droit communautaire, une vulgarisation permanente du droit de l’intégration, une revalorisation des titres exécutoires, une clarification des fonctions du juge d’exécution, une restriction du domaine de l’immunité d’exécution, un réaménagement des procédures de recouvrement, une formation continue des acteurs de la justice, une amélioration de leur condition de travail et de vie, une résurgence de l’éthique morale, une réelle indépendance de la justice… C’est dire que l’étude met un accent sur les obstacles qui entravent les nouveaux processus d’intégration et propose des solutions pour parfaire les textes législatifs et leurs interprétations jurisprudentielles, dans la perspective d’accélérer le développement économique des Etats concernés en particulier, pour une meilleure prospérité globale des économies mondiales. / The Communautary Court of Justice (CCJ), the Communautary Court of Account (CCA) and the Common Court of Justice and Arbitration (CCJA) are the three supranational jurisdictions respectively created by EMCAC and OHBLA treaties to reinforce the new processes of economical and judicial integration for their member States. In the measure where these jurisdictions are competent to exercise a juridictional control, by determining the communautary norms, the first control being carried out by the national juridictions, the conception, the organisation, the functioning, the characteristics, the roles or competences of these new jurisdictions and also the destiny of the decisions they rend in their strictly judiciary functions or in their accessory functions of supporting the arbitral procedure, present an interest worthy of a doctorate research. If it appears that the supplementary Milestones of efficiency of the new processes of integration had been installed by the creation of the said jurisdictions, it had also been observed that the gravities of jurisdictional, structural or functional order continue to delay the speed of cruise. The solutions that we have proposed to overcome these difficulties involves the reorganization of communautary jurisdictions, the clearly distribution of competences between them, the reinforcement of the communautarian law control procedure, a permanent vulgarisation of integration law, a revalorisation of executary titles, a clarification of immunity of execution domain, a development of the recovery procedures, a continual training of judicial actors, and improvement of their working and living conditions, a resurgence of moral ethic, a real independence of the Justice… This means that the study put a stress on the obstacles which hold up the new processes of integration and propose solutions to perfect the legislative texts and their jurisprudential interpretations, in the perspective of accelerating the economic development of the concerned States, for the best global prosperity of the world’s economies.
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