Thesis (Ph. D.)--Ohio State University, 1974. / Includes bibliographical references (leaves 181-185). Available online via OhioLINK's ETD Center.

Thesis (Diplôme d'études supérieures de sciences économiques)--Université d'Aix-Marseille, 1973. / 10.00DH. Includes bibliographical references (p. 147-151).

Thesis (Diplôme d'études supérieures de sciences économiques)--Université d'Aix-Marseille, 1973. / 10.00DH. Includes bibliographical references (p. 147-151).

No description available.

Southern Africa's viability as a monetary union has long been under discussion. The Southern African Customs Union (SACU) is the world's oldest operating customs union, and one of the most efficient and it has the potential to foster meaningful regional economic integration. A strong foundation has been laid down by the SACU member countries in terms of trade relations, financial cooperation and policy coordination. Using the optimum currency areas (OCA) theory, the study examines the readiness and compatibility of the SACU member countries to establish an optimum currency area. The OCA theory reveals that SACU members are in very good shape and already exhibit some attributes necessary for forming an optimum currency area (OCA). The empirical evidence suggest that, from an economic perspective, it is feasible for SACU countries to move towards a fully-fledge monetary union because of the increasing macroeconomic convergence, and this means that the countries are undergoing similar shocks. The deeper trade relation that exists between SACU member states seems to have important influence on business cycle co-movements. Accordingly, the study concludes SACU has advanced its integration more than what is required in a Customs Union and that a monetary union within SACU is feasible, given the macroeconomic convergence, similar production structures and risk-hedging possibilities of member countries and because peripheral countries are able to resort to South Africa's capital market and overdraft facilities. However, the absence of real political will among the member countries will be a major stumbling block in the formation of a monetary union. It is important to note that even the formation of the EMU was not exclusively driven by economic merits per se, but also by the real political will, which had a major influence on its realisation. Such strong political will and unity on issues around the formation of the common currency would be needed to SACU countries to override issues of national interest and, the study therefore recommends that SACU countries should draw lessons from the EMU and CFA Franc zone model as these are empowered supranational authorities that have counteracted sovereignty and other political concerns to bring about meaningful and deepening economic integration in the region. / Thesis (M.Soc.Sc.)-University of KwaZulu-Natal, Pietermaritzburg, 2010.

Thesis (Ph. D.)--University of Michigan, 1992. / Includes bibliographical references.

The study was conducted to examine economic relations between the Southern African Customs Union (SACU) and the Mercado Commun del Sur (translated Southern Common Market), in short (Mercosur). SACU was established in 1910 and consists of five member countries, namely; South Africa, Botswana, Lesotho, Namibia and Swaziland. Mercosur was created in 1991 and consists of Argentina, Brazil, Paraguay and Uruguay, with Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela being associate members. The aim of the study was to ascertain whether the Mercosur-SACU relations had created more economic opportunities for both regions. In pursuit of this aim, the study revised and analysed the evolution, development and growth of both Mercosur and SACU. It also analysed the achievements and challenges faced by each of the blocs in their respective regions. The conclusion of the analysis indicate that, countries which were economically stronger before the establishment of formal bloc-to-bloc relations, Brazil in Mercosur and South Africa in SACU, tended to reap disproportionally high dividends than others. The study further concludes that challenges facing Mercosur and SACU countries should not discourage them in pursuing collective developmental initiatives such as regional integration and South-South Cooperation.

In the last twenty years, regional trade agreements have proliferated. These have usually taken the form of customs unions (CUs) or free trade areas (FTAs). This thesis concentrates mostly on the formation and behaviour of CUs. Union members levy a common external tariff (CET) on non-members. Existing theoretical models, however, do not agree on how the CET rate is chosen. Every model imposes a different choice rule exogenously. In this thesis, for the first time, plausible choice rules, based on the CU's social welfare function, are derived endogenously. The strategic behaviour of members and non-members, reveals that responsibility for CET choice tends to be assumed by the member that can induce the rest of the world to levy those tariffs members prefer to face. Relatively few general results exist describing the relationship between country characteristics and trade bloc formation. Here, new light is shed on this issue, by systematically analysing bloc formation in an asymmetric world, and investigating the role of preferences in coalition formation. It is found that global free trade is most likely to arise when all countries are similar. Customs unions tend to form between relatively well-endowed countries or those with similar preferences. It is also demonstrated that CUs will usually Pareto dominate FTAs, except where preferences differ significantly. The role of transfers in CU formation has received relatively little attention in the regionalism literature. In this thesis, optimal intra-union transfers are introduced and their impact on CET choice is investigated. The impact of transfers on CU behaviour depends on the direction of the transfer. When the relatively inelastic member is the recipient, the CU responds less aggressively to non-member tariff choices than it does when transfers are not permitted. However, if the relatively elastic member is the transfer recipient, the union's aggression increases. Moreover, when one union member exercises a similar degree of control over both CET and transfer choice, then the equilibrium CET tends to be lower than in the corresponding no-transfers situation.

In the last twenty years, regional trade agreements have proliferated. These have usually taken the form of customs unions (CUs) or free trade areas (FTAs). This thesis concentrates mostly on the formation and behaviour of CUs. Union members levy a common external tariff (CET) on non-members. Existing theoretical models, however, do not agree on how the CET rate is chosen. Every model imposes a different choice rule exogenously. In this thesis, for the first time, plausible choice rules, based on the CU's social welfare function, are derived endogenously. The strategic behaviour of members and non-members, reveals that responsibility for CET choice tends to be assumed by the member that can induce the rest of the world to levy those tariffs members prefer to face. Relatively few general results exist describing the relationship between country characteristics and trade bloc formation. Here, new light is shed on this issue, by systematically analysing bloc formation in an asymmetric world, and investigating the role of preferences in coalition formation. It is found that global free trade is most likely to arise when all countries are similar. Customs unions tend to form between relatively well-endowed countries or those with similar preferences. It is also demonstrated that CUs will usually Pareto dominate FTAs, except where preferences differ significantly. The role of transfers in CU formation has received relatively little attention in the regionalism literature. In this thesis, optimal intra-union transfers are introduced and their impact on CET choice is investigated. The impact of transfers on CU behaviour depends on the direction of the transfer. When the relatively inelastic member is the recipient, the CU responds less aggressively to non-member tariff choices than it does when transfers are not permitted. However, if the relatively elastic member is the transfer recipient, the union's aggression increases. Moreover, when one union member exercises a similar degree of control over both CET and transfer choice, then the equilibrium CET tends to be lower than in the corresponding no-transfers situation.

The re-acceptance of South Africa into the international community has cleared the path for the closer integration of South Africa with its neighbours in a broader southern African regional union. In particular, the countries of the Southern African Development Community {SADC), which South Africa joined in August 1994, have committed themselves to the formation of a free trade area (FTA) over an eight-year period. The most likely impediment to this process is the perception of a highly unequal distribution of the economic gains and losses of such an arrangement. This reflects the particular context of SADC: one of a comparatively undeveloped region, dominated by a relatively large, more industrially advanced country, which is itself small by international standards. The essential question with which this study is concerned, therefore, is whether, despite the existing inequalities in the region, a FTA among SADC members could be mutually beneficial to South Africa and its partners. The thesis applies orthodox and new trade theory to the analysis of economic integration among unequal partners. Using the theoretical analysis, and with reference to empirical studies of such experience elsewhere in the world, it attempts to provide an assessment of the existing body of literature on the possible effects of a SADC FTA. In the light of this discussion, and from its own preliminary empirical analysis of the possible pattern of inter-sectoral versus intra-sectoral specialisation which may result on union, the study suggests ways in which a fuller evaluation of the welfare implications of a southern African FTA may be achieved. The thesis argues that the orthodox theory based on perfect competition provides an insufficient framework for the analysis of the likely effects of a SADC FT A. It finds that, firstly, in an alternative analytical framework which retains the assumption of perfect competition, there may be other criteria for judging the success of a regional union that are neglected by orthodoxy, particularly in the case of developing countries. Secondly, the new trade theory based on imperfect competition and product differentiation provides useful insights into the possible effects of a regional union among countries at unequal levels of development. The formal extension of this body of literature to the theory of economic integration is clearly called for. It is found, however, that neither orthodox customs union theory, nor its suggested alternatives and extensions, enable one to conclude, a priori, that the formation of a FTA in the southern African region could not be beneficial to both South Africa and its smaller partners. Further, the present empirical studies on SADC do not take account of the full range of factors necessary for a complete welfare assessment of the possible effects. Since the outcome of integration depends on the empirical circumstances of the particular case, and since the information necessary for a comprehensive welfare evaluation is not currently available, the study concludes that the countries of the region have committed themselves to a FTA without any definite knowledge of its likely effects.