Regional Integration in West Africa

Regional Integration in West Africa
Author: Eswar Prasad
Publisher: Brookings Institution Press
Total Pages: 203
Release: 2021-07-13
Genre: Business & Economics
ISBN: 0815738544

" 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. "

Economic Integration and Development in Africa

Economic Integration and Development in Africa
Author: Henry Kyambalesa
Publisher: Routledge
Total Pages: 223
Release: 2016-04-29
Genre: Business & Economics
ISBN: 1317146204

The debates over what African economic integration and development actually entails continue across international economic organizations, national governments and NGOs. Despite the glare of media attention and the position this issue has on international political agendas, few comprehensive accounts exist that fully examine why this process will be inevitable in the 21st century and how integration of national economies can be attuned to attaining the socio-economic goals and aspirations of member-countries. This book addresses this problem. It combines theory with application, enumerating the imperatives and initiatives governments will be forced to confront; providing insights for educators and students in African development, for policy makers in African governments, and for inter-governmental organizations.

ECOWAS and the Economic Integration of West Africa

ECOWAS and the Economic Integration of West Africa
Author: Uka Ezenwe
Publisher:
Total Pages: 232
Release: 1983
Genre: Business & Economics
ISBN:

Discusses problems of economic integration in West Africa and makes policy suggestions. Includes chapters on the Customs Union of West African States (UDEAO), the West African Monetary Union (UMOA), the Organisation of Senegal River States (OERS), and the Organisation for the Development of the Senegal River (OMVS).

A Handbook on the Ecowas Treaty and Financial Institutions

A Handbook on the Ecowas Treaty and Financial Institutions
Author: Maiyaki
Publisher: AuthorHouse
Total Pages: 321
Release: 2012-09-14
Genre: Antiques & Collectibles
ISBN: 1477223142

The inspiration to write on the ECOWAS Treaty and the role of financial institutions derived from the apparent and unabated efforts of the various governments in the West African subregion to find solutions to the inexplicable sufferings and underdevelopment of the region and its people in the face of abundant but untapped human and natural resources. The strategy of integration has been employed by other jurisdictions, some of them more developed, as an option in addressing the forgoing challenges. So many years after the establishment of ECOWAS, the dream is far from being attained. Given the critical financial engagements inherent in the ECOWAS integration strategy, it is considered desirable that the treaty is rationalized to accommodate a wider role for financial institutions within the control of a supra national framework.

Nation-states and the challenges of regional integration in West Africa

Nation-states and the challenges of regional integration in West Africa
Author: Kwame A. Ninsin
Publisher: KARTHALA Editions
Total Pages: 170
Release: 2009
Genre: Africa, West
ISBN: 2811101667

Since the Treaty establishing the Economic Community of West African States (ECOWAS) was signed in 1975, several protocole have been adopted providing the legal and institutional framework for implementing the integration of the West African sub-region. Ail social and political stakeholders agree that regional integration is a major challenge for development in West Africa. Yet the regional integration process has been affected by many delays, even failures. Member states have pursued a seemingly contradictory dual objective: build a Nation-state within colonial Borders and achieve regional integration to fight against under-development. Can national planning priorities be reconciled with the demands and objectives of regional integration processes in West Africa ? Since 2005, under the auspices of the Management of Social Transformations (MOST) Programme initiative, the Social and Human Sciences Sector of UNESCO has organized a series of national seminars on West African regional integration in the ECOWAS region. Four seminars have so far been organized in Senegal, Mali, Benin and Ghana. This anthology publishes papers presented at Ghana's national seminar on "Nation-states and the Challenge of Regional Integration in West Africa: the Case of Ghana", held in Accra from 8 to 9 November 2005. The contributors suggest that Ghana's reluctance to relinquish its sovereignty stemmed from a lack of commitment in the first 20 years of ECOWAS' existence and preoccupation with its own security and survival against internai and externat threats. The state has currently demonstrated renewed commit-ment by establishing a Ministry of Regional Cooperation and the New Agenda for Africa's Development (NEPAD) to coordinate and manage the sub-regional integration programme. In spite of positive developments, results have been disappointing. The new ministry remains isolated and is constrained by limited resources in finance and manpower. Its approach to integration issues has been elitist and technocratic, concentrating on format trade and ignoring the importance of the informai trade that has been the traditional means of popular participation in the integration of West African economies. Borderland communities with economic and social ties continue to engage in exchanges across political boundaries in defiance of national and state security concerns. Empowerment of Ghanaians involved in small-scale, informa] cross-border trade (in majority, women) "would not only increase the levels of social and economic integration, but would make the benefits of integration available to large sections of the population".

Nation-States and the Challenges of Regional Integration in West Africa. The Case of Nigeria

Nation-States and the Challenges of Regional Integration in West Africa. The Case of Nigeria
Author:
Publisher: KARTHALA Editions
Total Pages: 266
Release: 2010-02-01
Genre:
ISBN: 2811132481

Since their independance, Africa states West in particular have felt a need for regional integration in order to solve their development problems. Various aspects of Nigeria's experience in regional integration are there examined. These include the advocacy of chambers of commerce for common currencies among members of the West African Monetary Zone, security implications of defense pacts between some francophone member countries and France, and grassroots participation to solve problems concerning borders and borderlands. Finally, facilitators and obstacles of regional integration are examined.

Regional Economic Integration in West Africa

Regional Economic Integration in West Africa
Author: Diery Seck
Publisher: Springer Science & Business Media
Total Pages: 274
Release: 2013-11-18
Genre: Business & Economics
ISBN: 3319012827

​This book presents a number of key studies pertaining to the most pressing challenges of economic regional integration in West Africa. The issues of monetary coordination, foreign exchange volatility, taxation, savings and macroeconomic convergence are investigated from a regional perspective. The characteristics of West Africa’s trade policy are reviewed and assessed in comparison to that of the Southern African Development Community (SADC). The extent to which regional integration can tackle the challenge of unemployment is the focus of studies on labour markets. Development of the private sector and coordination of regional cross-border transportation are examined through the lens of economic collaboration between Arab and African countries. The book provides fresh new answers to persistent development questions and sheds new light on long-held views that are either incomplete or no longer true. It also opens new perspectives on the search for sustainable avenues for Africa’s development. In this regard, it may contribute to the emergence of a new paradigm on Africa’s development process and its science-based, policy-oriented implementation.

Integration, development and equity: economic integration in West Africa

Integration, development and equity: economic integration in West Africa
Author: Peter Robson
Publisher: Routledge
Total Pages: 180
Release: 2010-11-26
Genre: Business & Economics
ISBN: 113687724X

This reissue, first published in 1983, is an authoritative study of economic integration among the states of West Africa, focusing upon the issues and experience of the four main initiatives for regional integration in West Africa, namely the Economic Community of West African States, the Mano River Union, the Communauté Economique de l’Afrique de l’Ouest, and the recent initiative for the establishment of an economic and monetary union between Senegal and the Gambia.