Regional Integration, Trade and Industry in Africa

Regional Integration, Trade and Industry in Africa
Author: Helmut Asche
Publisher: Springer Nature
Total Pages: 304
Release: 2021-06-14
Genre: Business & Economics
ISBN: 3030753662

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This book examines the past, present and prospects of regional economic integration in Africa. The empirical analysis ranges from unions formed during the years following independence, to the proposed African Continental Free Trade Area (AfCFTA), which aims to remove trade barriers between all 55 African states. In addition, the book explores to what extent Africa’s Regional Economic Communities (RECs) have advanced in accordance with a linear integration model of goods, labor and capital markets. The book subsequently evaluates the suitability of the European model of deep integration with costly institutions for the conditions specific to Africa, considering, for example, the role of informal and non-recorded trade. Stylized cases of regional division of labour with increasing returns and imperfect competition are introduced to support the economic integration logic. Past and current economic policies in Africa are scrutinized to answer the question: how can African regions best foster new manufacturing industries and value chains across the continent? In conclusion, the book outlines content and processes of Common Industrial Policy in the African regions. The book also addresses the controversial issue of international trade agreements between developing countries and the European Union or the USA and investigates whether these agreements impede or promote economic development in Africa. The book includes a detailed roadmap describing how to improve key clauses of agreements for economic partnership in the interest of African countries. In closing, it outlines a new vision of joint sustainable development for Africa and Europe.

Economic Integration in Asia

Economic Integration in Asia
Author: Deeparghya Mukherjee
Publisher: Routledge
Total Pages: 204
Release: 2019-01-14
Genre: Business & Economics
ISBN: 135106133X

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The Regional Comprehensive Economic Partnership (RCEP) aims to achieve greater integration between the ASEAN region and its six free trade agreement (FTA) partners (India, China, Japan, Australia, New Zealand and Korea). The RCEP is the only agreement to include three economies which are among the seven biggest economies of the world—China, Japan and India. The book opens with an introduction to the current status of economic integration and factors that would affect it and looks at key issues like non-tariff barriers, evolving investment regulations in China (in the context of FTAs), connectivity initiatives to integrate the region, rules of origin in the context of value chain integration in selected sectors as well as region-specific aspects of South Asia and South East Asia which would shape the regional economic architecture going forward. With an attempt to cover key imperatives, the book concludes by noting primary impediments to easier trade and investment flows in the region, highlighting possible policy recommendations to improve economic integration.

European Socio-Economic Integration

European Socio-Economic Integration
Author: Elias G. Carayannis
Publisher: Springer Science & Business Media
Total Pages: 233
Release: 2012-12-06
Genre: Political Science
ISBN: 1461452546

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Economic integration is one of the most noteworthy issues in international economic policy at the end of the twentieth century. The recent examples of the European Union (EU) and the North American Free Trade Association (NAFTA) have raised important questions about the economic integration process and the possible establishment of economic unions in other parts of the world. Against the backdrop of the financial crisis in Europe and prospects of increasing integration in Asia, this volume showcases research from an international array of researchers to provide a basic understanding of the current issues, problems, challenges, and opportunities for achieving integration, addressing both empirical and theoretical aspects of such topics as monetary union, social policy reform and social union, public finance and technology policy. The chapters in Part 1 are focused primarily on economic issues, while Part 2 covers on social policy, the welfare state, and political reforms, with a particular emphasis on the European Union. Among the questions addressed: What are the main determinants and implications for socio-economic integration? How can economic policy influence the growth and integration process? Why is innovation important for regional economic development? What has been the policy response so far and what lessons have we learned from it? And finally, what are our action lines for the future?

International Handbook on the Economics of Integration

International Handbook on the Economics of Integration
Author: Miroslav N. Jovanović
Publisher: Edward Elgar Publishing
Total Pages: 617
Release: 2011-01-01
Genre: Business & Economics
ISBN: 1849806004

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'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

Regional Trade and Economic Integration

Regional Trade and Economic Integration
Author: Ram Upendra Das
Publisher: World Scientific
Total Pages: 253
Release: 2012
Genre: Business & Economics
ISBN: 9814374601

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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.

Africa's Progress in Regional and Global Economic Integration - Towards Transformative Regional Integration

Africa's Progress in Regional and Global Economic Integration - Towards Transformative Regional Integration
Author: Achim Gutowski
Publisher: LIT Verlag Münster
Total Pages: 454
Release: 2016
Genre: Political Science
ISBN: 3643905238

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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

Costs and Benefits of Economic Integration in Asia

Costs and Benefits of Economic Integration in Asia
Author: Robert J. Barro
Publisher: Oxford University Press
Total Pages: 304
Release: 2011-01-04
Genre: Business & Economics
ISBN: 0199780773

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Costs and Benefits of Economic Integration in Asia brings together authoritative essays that identify and examine various initiatives to promote economic integration in Asia.

Regional Integration and Economic Development

Regional Integration and Economic Development
Author: N. Saavedra-Rivano
Publisher: Springer
Total Pages: 185
Release: 2001-09-06
Genre: Business & Economics
ISBN: 0230513174

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Regional integration seems to be thriving everywhere, as the examples of the Association of South East Asian Nations (ASEAN), the North Atlantic Free Trade Area (NAFTA) and the Southern Common Market will illustrate. More ambitious schemes, such as Asian Pacific Economic Cooperation (APEC), and those for Western hemispheric integration are also underway. How do these trends for integration relate to national development strategies? The contributors to this volume provide new insights into these developments as well as assessing the prospects for further integration.

Regional Integration, Trade and Industry in Africa

Regional Integration, Trade and Industry in Africa
Author: Helmut Asche
Publisher:
Total Pages: 0
Release: 2021
Genre:
ISBN: 9783030753672

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This book examines the past, present and prospects of regional economic integration in Africa. The empirical analysis ranges from unions formed during the years following independence, to the proposed African Continental Free Trade Area (AfCFTA), which aims to remove trade barriers between all 55 African states. In addition, the book explores to what extent Africa's Regional Economic Communities (RECs) have advanced in accordance with a linear integration model of goods, labor and capital markets. The book subsequently evaluates the suitability of the European model of deep integration with costly institutions for the conditions specific to Africa, considering, for example, the role of informal and non-recorded trade. Stylized cases of regional division of labour with increasing returns and imperfect competition are introduced to support the economic integration logic. Past and current economic policies in Africa are scrutinized to answer the question: how can African regions best foster new manufacturing industries and value chains across the continent? In conclusion, the book outlines content and processes of Common Industrial Policy in the African regions. The book also addresses the controversial issue of international trade agreements between developing countries and the European Union or the USA and investigates whether these agreements impede or promote economic development in Africa. The book includes a detailed roadmap describing how to improve key clauses of agreements for economic partnership in the interest of African countries. In closing, it outlines a new vision of joint sustainable development for Africa and Europe.

Regional Integration in East Asia

Regional Integration in East Asia
Author: Masahisa Fujita
Publisher: Springer
Total Pages: 188
Release: 2007-01-30
Genre: Business & Economics
ISBN: 0230626602

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This book applies a spatial economics perspective to the understanding of the recent dynamism of the global economy, with particular focus on East Asia, and examines the prospects of regional integration in East Asia.