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Author: Eswar Prasad Publisher: Brookings Institution Press ISBN: 0815738544 Category : Business & Economics Languages : en Pages : 203
Book Description
" Assessing the potential benefits and risks of a currency union Leaders of the fifteen-member Economic Community of West African States (ECOWAS) have set a goal of achieving a monetary and currency union by late 2020. Although some progress has been made toward achieving this ambitious goal, major challenges remain if the region is to realize the necessary macroeconomic convergence and establish the required institutional framework in a relatively short period of time. The proposed union offers many potential benefits, especially for countries with historically high inflation rates and weak central banks. But, as implementation of the euro over the past two decades has shown, folding multiple currencies, representing disparate economies, into a common union comes with significant costs, along with operational challenges and transitional risks. All these potential negatives must be considered carefully by ECOWAS leaders seeking tomeet a self-imposed deadline. This book, by two leading experts on economics and Africa, makes a significant analytical contribution to the debates now under way about how ECOWAS could achieve and manage its currency union, andthe ramifications for the African continent. "
Author: Eswar Prasad Publisher: Brookings Institution Press ISBN: 0815738544 Category : Business & Economics Languages : en Pages : 203
Book Description
" Assessing the potential benefits and risks of a currency union Leaders of the fifteen-member Economic Community of West African States (ECOWAS) have set a goal of achieving a monetary and currency union by late 2020. Although some progress has been made toward achieving this ambitious goal, major challenges remain if the region is to realize the necessary macroeconomic convergence and establish the required institutional framework in a relatively short period of time. The proposed union offers many potential benefits, especially for countries with historically high inflation rates and weak central banks. But, as implementation of the euro over the past two decades has shown, folding multiple currencies, representing disparate economies, into a common union comes with significant costs, along with operational challenges and transitional risks. All these potential negatives must be considered carefully by ECOWAS leaders seeking tomeet a self-imposed deadline. This book, by two leading experts on economics and Africa, makes a significant analytical contribution to the debates now under way about how ECOWAS could achieve and manage its currency union, andthe ramifications for the African continent. "
Author: Lukas Maximilian Müller Publisher: Taylor & Francis ISBN: 1000687112 Category : Political Science Languages : en Pages : 153
Book Description
This book focuses on the ECOWAS Commission, both as an autonomous actor, as well as a policy-making nexus for its member states and external actors. Drawing from a variety of never-before analyzed sources, unpublished internal documents and over 120 interviews with staff from the ECOWAS Commission, its member states, and external actors supporting the organization, this book presents a comprehensive portrait of ECOWAS’s institutional capabilities, challenges, and reforms. It utilizes a policy studies approach focusing on the areas of political affairs, peace, and regional security, as well as trade and customs to illustrate concrete cases of policy making. In doing so, the book provides practice-oriented insights into the policy-making agency within the organization, arguing for the significance of the ECOWAS Commission as an actor. This book will be of interest to scholars and students of West Africa and its international relations, comparative regionalism, international organization studies, development studies, policy-making, peace and conflict studies, governance and more broadly to African politics and international relations.
Author: Said Adejumobi Publisher: Cambria Press ISBN: 1604975741 Category : Business & Economics Languages : en Pages : 508
Book Description
The early twenty-first century witnessed remarkable attempts by Africa's political leadership to promote regional integration as a means of fast-tracking economic progress, facilitating peace and security, consolidating democratic gains, and promoting the general welfare of the African people. The transition of the Organization of Unity (OAU) to the African Union (AU), as well as the foisting of a new economic blueprint for the continent-the New Partnership for Africa's Development (NEPAD), combined with the growing role of the regional economic communities (RECs) in harmonizing and creating subregional norms and standards in the political and economic arena suggests a new trend towards regionalism in Africa. Indeed, in the new regional integration architecture, the RECs are considered to be the building blocks of the integration process led by the African Union. This new impetus of a regional development strategy was largely prompted by the slow pace of economic progress on the continent, the increasing marginalization of Africa in the global economy, and the need to create regional resources and standards that would benefit the continent in all spheres of social life. A painful realization became obvious that small micro-states in Africa sticking to their political independence and sovereignty would hardly make much progress in an increasingly globalised world. A macro-states' approach of regional integration has assumed Africa's new strategy to intervene in and integrate with a globalizing world. The current regional trend in Africa has received very little scholarly attention especially in a systematic and comprehensive way. This is due partly to the fact that the processes are currently unfolding and there is still uncertainty in the outcomes. Poor documentation and the dearth of primary materials (especially from the regional institutions) also contribute to the lack of scholarly work in this area. This study assembles the voices of some of the most seasoned African and Africanist scholars who have constantly, in one way or another, interacted with the integration process in Africa and kept abreast of the developments therein, and seeks to capture those developments in a nuanced manner in the economic, political and social spheres. The essence of this book is to analyze those processes--teasing out the issues, problems, challenges and major policy recommendations, with tentative conclusions on Africa's regional development trajectory. The book therefore fills major knowledge and policy gaps in Africa's regional development agenda. This book is a landmark contribution in a systematic attempt to comprehend Africa's regional development strategy led by the African Union. It examines the background, nuances, and dimensions of the process, which include the basis and historiography of pan-Africanism, the transition of the OAU to the AU, the issue of popular participation in development, the NEPAD and APRM initiatives, the evolving regional peace and security architecture, and the efforts of regional institutions to facilitate democracy, human rights, rule of law and good governance on the continent. The book underscores the fact that formidable obstacles and challenges abound in the trajectory, politics, and processes of this regional development paradigm, especially as Africa navigates an uncertain future in a deeply divided and unequal yet globalised World. The book constitutes a major reference material and compendium for a wide range of readers--students and scholars of African affairs and African development, policy makers both in Africa and the western countries, regional and international institutions and organizations, and all those interested in the past, present and future of Africa's development process.
Author: Kobena T. Hanson Publisher: Routledge ISBN: 1317160541 Category : Political Science Languages : en Pages : 259
Book Description
Contemporary Regional Development in Africa interrogates well-known concerns in the areas of regionalism and economic integration in contemporary Africa, while offering an added uniqueness by highlighting the capacity imperatives of the issues, and proposing critical policy guideposts. The volume juxtaposes a set of ’dynamic’ entanglements - new and micro-regionalism, informal cross-border trade, intra-African and African FDI plus cross-border investments, infrastructure development, science and technology, regional value-chains, conflict management and regional security - with fluid interpretations of regional development. The chapters provide snapshots of the several emerging and complex regionalisms and highlight a set of relevant and often overlapping analyses - drawing on authors’ nuanced and granular understanding of the African landscape. The varied, yet interlinked, nature of issues covered in this study make the book valuable and attractive to academics, researchers, policymakers and development practitioners.
Author: Olutayo, Akinpelu O. Publisher: CODESRIA ISBN: 2869786328 Category : Political Science Languages : en Pages : 148
Book Description
This book examines how the existence of overlapping regional institutions has presented a daunting challenge to the workings of various Regional Economic Communities (RECs) on the African continent. The majority of the African countries are members of overlapping and, sometimes, contradictory RECs. For instance, in East Africa, while Kenya and Uganda are both members of EAC and COMESA, Tanzania, which is also a member of the EAC, left COMESA in 2001 to join SADC. In West Africa, while all former French colonies belong to ECOWAS, they simultaneously keep membership of UEMOA, an organization which is not recognized by the African Union (AU). Such multiple and confusing memberships create unnecessary duplication and dims the light on what ought to be priority. Various chapters in this book have therefore sought to identify and proffer solutions to related challenges confronting the workings of the RECs in different sub-regions of the African continent. The discourses range from security to the stock exchange, identity integration, development framework, labour movement and cross-border relations. The pattern adopted in the book involves devolution of related discussions from the general to the specific; that is, from the continental level to sub-regional case studies.
Author: Samuel Ojo Oloruntoba Publisher: Springer ISBN: 3319921800 Category : Political Science Languages : en Pages : 335
Book Description
This edited volume discusses the role of innovation and regional integration in economic development in Africa. Over the past five decades, post-colonial African countries have struggled to break loose from the trap of poverty and underdevelopment through the adoption of various development strategies at regional, national, and continental levels. However, the results of both national and regional efforts at advancing development on the continent have been mixed. Although the importance of agglomeration and fusion of institutions have long been recognized as possible path to achieving economic development in Africa, the approach to regionalism has been unduly focused on market integration, while neglecting other dimensions such as social policy, mobility of labor, educational policy, biotechnology, regional legislation, manufacturing, innovation, and science and technology. This volume investigates the link between innovation, regional integration, and development in Africa, arguing that the immediate and long term development of Africa lies not just in the structural transformation of its economies but in the advancement of scientific and innovation capacities. The book is divided into four parts. Part I addresses the theoretical and conceptual underpinnings of innovation and regional integration in Africa. Part II presents case studies which examine how regional economic institutions are fostering innovation in Africa. Part III of the book deals with sectoral issues on innovation and integrated development in Africa. Part IV sets the future research on innovation, regional integration, and development in Africa. Combining theoretical analysis and a comparative, interdisciplinary approach, this volume is appropriate for researchers and students interested in economic development, political economy, African studies, international relations, agricultural science, and geography, as well as policymakers in regional economic communities and the African Union.
Author: Samuel Ojo Oloruntoba Publisher: Springer Nature ISBN: 3030342964 Category : Political Science Languages : en Pages : 335
Book Description
This edited volume addresses the accomplishments, prospects and challenges of regional integration processes on the African continent. Since regional integration is a process that ebbs and flows according to a wide range of variables such as changing political and economic conditions, implications and factors derived from the vagaries of migration and climate change, it is crucial to be cognizant with how these variables impact regional integration initiatives. The contributors discuss the debates on Pan-Africanism and linking it with ongoing discourses and policies on regional integration in Africa. Other aspects of the book contain some of the most important topic issues such as migration, border management and the sustainable development goals. This content offers readers fresh and innovative perspectives on various aspects of sustainable development and regional growth in Africa.
Author: Morris Odhiambo Publisher: African Books Collective ISBN: 192833119X Category : Political Science Languages : en Pages : 138
Book Description
Since 1963, when the African integration project was born, regional Economic Communities (RECs) have been an indispensable part of the continents deeper socioeconomic and political integration. More than half a century later, such regional institutions continue to evolve, keeping pace with an Africa that is transforming itself amid challenges and opportunities. RECs represent a huge potential to be the engines that drive the continents economic growth and development as well as being vehicles through which a sense of a continental community is fostered. It is critical therefore that citizens understand the multi-faceted and bureaucratic operations of regional institutions in order to use them to advance their collective interests.
Author: Said Adejumobi Publisher: Taylor & Francis ISBN: 1351053566 Category : Political Science Languages : en Pages : 271
Book Description
Interrogating the notion of developmental regionalism as applies to Southern Africa, this volume explores the policy options and interventions necessary to ensure a peaceful and stable regional development process. With a focus on the Southern African Development Community (SADC), the contributions explore how regional institutions such as this can be drivers of developmental regionalism. Institutional architecture, along with key policy priorities, and implementation strategies in areas such as trade, industry, agriculture, private sector development and conflict management are analysed, and the ramifications of regional interventions for peace building and regional security in post-conflict Southern African countries are explored. Drawing on this analysis the book proffers key policy options and strategies for how developmental regionalism can be both consummated and sustained, ultimately driving economic transformation. Illustrating to policymakers, scholars and development practitioners how regional institutions can be engines or facilitators of regional development, the book will be of interest to researchers in a broad range of areas including development studies, public policy and African studies.
Author: Norbert Edomah Publisher: BoD – Books on Demand ISBN: 1789852374 Category : Business & Economics Languages : en Pages : 262
Book Description
Regional development is a broad term but can be seen as a general effort to reduce regional disparities by supporting (employment and wealth-generating) economic activities in regions. In the past, regional development policy tended to try to achieve these objectives by means of large-scale infrastructure development and by attracting inward investment” (OECD, 2014).A territorial and regional approach to development is crucial in addressing regional challenges, regional economic competitiveness, and reducing socio-economic discrepancies. This book provides a forum to articulate and discuss Africa’s regional development issues in view of the rising opportunities within the African region. This volume contains 14 chapters and is organized in four sections: Introduction; Industry, Trade and Investment in Africa; Agricultural Services and the Water-energy-food Nexus in Africa; and Environmental and Cultural Dimensions to Africa’s Regional Development.
Author: Eswar Prasad
Author: Eswar Prasad
Author: Lukas Maximilian Müller
Author: Said Adejumobi
Author: Kobena T. Hanson
Author: Olutayo, Akinpelu O.
Author: Samuel Ojo Oloruntoba
Author: Samuel Ojo Oloruntoba
Author: Morris Odhiambo
Author: Said Adejumobi
Author: Norbert Edomah