Economic Integration And Development in Africa

by Kyambalesa,Henry

• ISBN13: 9780754646037
• ISBN10: 0754646033
• Format: Hardcover
• Copyright: 2006-06-28
• Publisher: Routledge

Summary

This book is designed to discern what African economic integration entails, why it is going to 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. It blends theory, application of the theory, and an enumeration of imperatives and initiatives for governments in order to provide insights for educators and students in African development at tertiary institutions, for policy makers in African governments, and for inter-governmental organizations.

Table of Contents

List of Figures and Tables	vii
Glossary	viii
The Authors	xxi
The Contributors	xxiii
Preface	xxiv
Conceptual Underpinnings	1	(16)
Forms of Integration	1	(1)
Effects of Integration	2	(7)
Conditions for Success	9	(5)
Theory of the Second Best	14	(1)
A Summing-Up	15	(2)
Necessity of Integration	17	(14)
Debt and N--S Relations	17	(4)
A Competitive Edge	21	(2)
Market Limitations	23	(3)
Terms of Trade	26	(1)
Other Rationales	27	(2)
A Summing-Up	29	(2)
Challenges and Imperatives	31	(48)
Education---The Linchpin	31	(13)
Competitive Business Systems	44	(14)
Consumer and Labor Issues	58	(5)
Sustained Peace and Stability	63	(7)
Ecological Considerations	70	(8)
A Summing-Up	78	(1)
Regional Economic Groupings	79	(20)
The Economic Groupings	79	(14)
Long-Term Viability	93	(4)
A Summing-Up	97	(2)
Integration of Capital Markets in Eastern and Southern Africa	99	(26)
Gerry N. Muuka
Kenneth K. Mwenda
Current Regional Integration Schemes	101	(4)
The Stock Market Situation in Africa	105	(4)
The Proposed COMESA Stock Market	109	(5)
Impediments to the Creation of a Stock Exchange	114	(7)
The Case for a Regional Stock Exchange	121	(1)
A Summing-Up	122	(3)
Exporting their Way out of Poverty: Twenty-first Century Challenges for Sub-Saharan Africa	125	(14)
Gerry N. Muuka
Phenomenon of Product Origin	126	(2)
Export Products and the Debt Burden	128	(2)
Transportation Problems	130	(1)
Inadequate Information	131	(1)
Disregard for the Human Capital	132	(1)
Excessive Dependency on the West	133	(1)
Conflicts and Natural Disasters	133	(1)
Structural Adjustment Programs	134	(3)
A Summing-Up	137	(2)
A Recapitulation	139	(24)
Appendices
Appendix A: 36th OAU Assembly: The Lome Declaration	143	(6)
Appendix B: 36th OAU Assembly: CSSDCA Declaration	149	(14)
Bibliography	163	(24)
Index	187