Progress, Achievements and Benefits of the East African Community
Author | : East African Community |
Publisher | : |
Total Pages | : 44 |
Release | : 2007 |
Genre | : Africa, East |
ISBN | : |
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Author | : East African Community |
Publisher | : |
Total Pages | : 44 |
Release | : 2007 |
Genre | : Africa, East |
ISBN | : |
Author | : Ms.Catherine McAuliffe |
Publisher | : International Monetary Fund |
Total Pages | : 55 |
Release | : 2012-11-14 |
Genre | : Business & Economics |
ISBN | : 1475586310 |
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.
Author | : Diodorus Buberwa Kamala |
Publisher | : |
Total Pages | : 21 |
Release | : 2006 |
Genre | : Africa, East |
ISBN | : 9781902034553 |
Author | : East African Community |
Publisher | : |
Total Pages | : 238 |
Release | : 2015 |
Genre | : Africa, East |
ISBN | : |
Author | : Duncan C. M. Njoroge |
Publisher | : |
Total Pages | : 204 |
Release | : 1975 |
Genre | : Africa, East |
ISBN | : |
Author | : East African Community. Information Division |
Publisher | : |
Total Pages | : 154 |
Release | : 1972 |
Genre | : Cooperation |
ISBN | : |
Author | : Daniel H. Levine |
Publisher | : Springer |
Total Pages | : 367 |
Release | : 2016-05-19 |
Genre | : Political Science |
ISBN | : 1137586117 |
This landmark book is the first of its kind to assess the challenges of African region-building and regional integration across all five African sub-regions and more than five decades of experience, considering both political and economic aspects. Leading scholars and practitioners come together to analyze a range of entwined topics, including: the theoretical underpinnings that have informed Africa's regional integration trajectory; the political economy of integration, including the sources of different 'waves' of integration in pan-Africanism and the reaction to neo-liberal economic pressures; the complexities of integration in a context of weak states and the informal regionalization that often occurs in 'borderlands'; the increasing salience of Africa's relationships with rising extra-regional economic powers, including China and India; and comparative lessons from non-African regional blocs, including the EU, ASEAN, and the Southern Common Market. A core argument of this book, running through all chapters, is that region-building must be recognized as a political project as much as if not more than an economic one; successful region-building in Africa will need to include the complex political tasks of strengthening state capacity (including states' capacity as 'developmental states' that can actively engage in economic planning), resolving long-standing conflicts over resources and political dominance, improving democratic governance, and developing trans-national political structures that are legitimate and inclusive.