70�яlA��}�00��5z�����bE��^�ul�H0��ir�[a3߃Mc��i��@�����HJ�����\z�t. World Bank Regional Integration Projects. Regional economic integration has a fairly long history in virtually all parts of Sub-Saharan Africa (SSA). For Africa, a vast continent of over 1.2 billion people, integration has considerable potential not only for promoting The chapter also distinguished between regional integration based on the exchange of trade preferences and policy coordination, where the objectives are to promote a more efficient allocation of resources, to intensify competition and to underpin political credibility vis-à-vis private investment, on the one hand, and regional cooperation where the primary objective is to ensure the supply of regional public goods, on the … The first generation regional integration schemes were motivated partly … 45 0 obj Since a regional common market obviously provides a much larger market than that offered by the domestic market of a single country, economies of scale, both internal and external, become possible with the widened size of the market. ... Everything. ... regional economic integration, and major advances in information, communication, and transportation technologies An important motivation behind regional trading arrangements has involved the prospect of enhanced economic growth and increased welfare. Progress in regional integration, which would have been an invaluable instrument to expand intra-Africa trade is limited mainly due to unwillingness of governments to (i) surrender some sovereignty of macroeconomic policy making power to a regional authority; (ii) face potential consumption costs that may arise by importing from a high-cost member country; (iii) accept unequal distribution of gains and losses that may follow an integration agreement at least in the short run … Globalisation and Development: Assessing Factors that impede Development among the Economic Community of West African States (ECOWAS) - Regional Governance - Joseph Ato Forson - Term Paper - Politics - International Politics - Topic: Globalization, Political Economics - Publish your bachelor's or master's thesis, dissertation, term paper or essay endobj Regional integration helps countries overcome divisions that impede the flow of goods, services, capital, people and ideas. <>stream endobj There is no shortage of books and papers on the benefits of regional integration between countries. Regional integration is essential here as well, since goods, services and people need to be able to flow seamlessly across borders to reduce costs and to help firms become competitive enough to link to these value chains. Keywords: Economic Integration Theory, Developing Countries Integration JEL Classification: F02, F15 Finally, all of these factors in unison lead to a rise in living standards and levels of security that Europe had not experienced for centuries. 1 Regional Economic integration, Governance Quality and Tax Revenue in Sub-Saharan African Countries: Linkages and Pathways Adebayo Ogunniyi1,4, George Mavrotas1, Kehinde Olagunju2, Rufai Adedoyin3 Adewale A.4 Ojo Ayodeji.4 1International Food Policy Research Institute (IFPRI), Abuja, Nigeria 2Agri-Food and Biosciences Institute, Belfast, Northern Ireland Integration is where design meets reality, where theoretical meets practical implementation. 5. Structural factors also include the income level and size of an economy, the level of concentration of economic activity, and employment in key sectors such as agriculture and the extractive sector that influence regional processes of integration whether at the level of broad regional negotiation processes or at the level of functional cooperation between stakeholders from neighbouring countries. regional integration contributes to achieving development outcomes like economic growth, addressing inequality, and diversification. These factors have been divided by some commentators into demand factors, such as the potential for economic gain for each member state and supply factors, such as the existence of commitment institutions, for example a regional Court. Art, R. J. <>/Font<>>>/Rotate 0/StructParents 407/TrimBox[0.0 0.0 516.0 728.5200196]/Type/Page>> A desire to help neighboring countries stabilize and prosper. Inspired on the South American integration project, this paper revisits the theory of regional A��Rگ��K implementation of ambitious regional integration efforts must take into account regional asymmetries and inequalities in Southern Africa and other barriers to the implementation of existing commitments. POLITICAL ASPECTS/FORCES THAT MOTIVATES REGIONAL ECONOMIC INTEGRATION Many regional economic communities have been driven by political rather than economic goals. From left: ... from Republic of Moldova over the last 20 years. For Africa, a vast continent of over 1.2 billion people, integration has considerable potential not only for promoting In short, thus, it has been conceived that, as a factor in the development of the less developed countries, a regional common market is economically far superior to the relatively small national market sheltered behind a protectionist tariff wall. Bibliography. (2007) Why Western Europe needs the United States and NATO. 2 Regional integration: a still changing concept Regional integration may also be pursued to provide the policy credibility which is … In this discussion, we’ll cover some guidelines that may help ensure the success of your next systems integration project. 6. overview. instance, it is common nowadays for the terms regional integration and regional economic integration to be used interchangeably in spite of the importance accorded by literature to non-economic factors of integration, particularly to political ones. :�h�~�Cq�ɺ����"Ua�d�oL������j����Ի+��_��������D��peڹ�GܸB�]�@a��N._�����Mq6��p7 ������i��{��A���� R�۠i1���wd��jR�ݡq+�[>�0��Xn����B�{G��C@�G��/��MVE$=�������r)-���g�.և�^A8jUQ�� �HB��\Y E��(���j4�va[�ˬ���VˊF�N*krYV�O�P�Vn� n�{Ǚ'ʽc�w��Hqڊ�G?�O?A0ʽ��(��A�+ In Section3, it is argued that a three dimensional approach for evaluating regional integration projects is suitable, the South American region is chosen as the case of study. Before publishing your Article on this site, please read the following pages: 1. This is the most basic form of economic cooperation. regional integration and development must take into consideration South Africa’s roles in the region. x��][�\�q~篘��]�>���r�ʒ�؉��"��`���R"CkfKZʗ����� sp�ht��~z�%%~�n4��������ׯ�~��|||�����?�|uz����>;���,�Z�c:�d�u4��w��9�!�E頣�~��ǯ�����o߾����W��?�����������8|���_���{ux����߿9���Ջ��Q��ë���+��޼�Y��^��EZ�S�P���G��W��_�)�����O~��W��c>��b���#�C� �! Above all, the increased possibilities of competition in a regional common market would ensure that all benefits accruing to the producers from the existence of a large market would be passed on to the consumer. 2.1 Regional Integration Theories of regional integration have been developed to explain European integration. Copyright. integration are applicable to the integration arrangement among developing countries and tries to summarize these theories in three main groups – general economic, market-related and trade-related factors and effects. Regional integration helps countries overcome divisions that impede the flow of goods, services, capital, people and ideas. 6. One was the integration of the ASEAN market. These divisions are a constraint to economic growth, especially in developing countries. Our mission is to liberate knowledge. endstream Since the mid-1950s, regional integration has intensified on every continent, with the European Union (then known as European Community) in the lead. Countries can agree to cooperate on a wide range of issues without necessarily linking them to trade preferences. The paper demonstrates that, besides the multiple membership problems, many other factors explain the low level of the Democratic Republic of Congo’s regional integration, namely poor diversification of its industrial sector, political instability and the lack of a clear and well defined strategy for a regional integration process. The second was the integration of the new members into the ASEAN regional body. 5. 2 From the literature3 and experience, some traditional and non-traditional gains from regional integration arrangements could be identified, including: 2.1 Traditional Gains from Regional Integration Arrangements Trade gains: If goods are sufficiently strong substitutes, regional trade agreements will cause the demand for third party goods to decrease, which will drive down prices. endobj Factors Motivating Exports: The Canadian Evidence Peter Yannopoulos, Faculty of Business, Brock University, ... provide some export assistance according to regional needs and rather complimentary to federal support. Differentiate between the motivating factors for regional integration for developed nations such as UK and developing nations such as African countries. Moreover, the possibility of specialisation for regional trade would encourage the flow of investment into industries which have a comparative cost advantage, so that gains from international trade would rise. (*���(%�8H����8c�-�� f�ԉd�9�@6_IjH��9���(3=�D����R�1%? The deeper integration of regional markets through the elimination of non-tariff barriers can reduce trade and operating costs. I don’t see the future of development in Africa without successful regional integration. The main motivation for all regional integration schemes has been the prospect of enhanced economic growth and development. There are four main types of regional economic integration. Data. Africa’s integration is no longer a matter of choice. As a result, African governments have concluded a very large number of regional integration arrangements, several … Integration, and major advances in information, communication, and transportation refers to various types of regional helps! 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motivating factors for regional integration


The healthy effects of such a regional economic integration are presumed to be as follows: 1. 79TW��;�>��2y� օ ��z8P��e�/V�x�����(�O���^��BLV[ܘdGsq�X�j�側?CV�����”�ƵE�P�e%��8���}V�S1�܀���m�s�R�Ŋ�KWܔd„vq�6�ʌw�Pn�F�:��2���ζ�e�Uu����ˍeS1��W�3�,�C��ri/ލ��BE]���(r �l*Cr���ů����rF�����ۖ�p�K-~n�E�����\���pɦ�̧\�oN��g�"���І�����r��K���9�7�,��!�C%��?�ݯ�-Ydl?C���n��&��Q�F]�?���Ŝ=s� -��(�w��`�,e;�>70�яlA��}�00��5z�����bE��^�ul�H0��ir�[a3߃Mc��i��@�����HJ�����\z�t. World Bank Regional Integration Projects. Regional economic integration has a fairly long history in virtually all parts of Sub-Saharan Africa (SSA). For Africa, a vast continent of over 1.2 billion people, integration has considerable potential not only for promoting The chapter also distinguished between regional integration based on the exchange of trade preferences and policy coordination, where the objectives are to promote a more efficient allocation of resources, to intensify competition and to underpin political credibility vis-à-vis private investment, on the one hand, and regional cooperation where the primary objective is to ensure the supply of regional public goods, on the … The first generation regional integration schemes were motivated partly … 45 0 obj Since a regional common market obviously provides a much larger market than that offered by the domestic market of a single country, economies of scale, both internal and external, become possible with the widened size of the market. ... Everything. ... regional economic integration, and major advances in information, communication, and transportation technologies An important motivation behind regional trading arrangements has involved the prospect of enhanced economic growth and increased welfare. Progress in regional integration, which would have been an invaluable instrument to expand intra-Africa trade is limited mainly due to unwillingness of governments to (i) surrender some sovereignty of macroeconomic policy making power to a regional authority; (ii) face potential consumption costs that may arise by importing from a high-cost member country; (iii) accept unequal distribution of gains and losses that may follow an integration agreement at least in the short run … Globalisation and Development: Assessing Factors that impede Development among the Economic Community of West African States (ECOWAS) - Regional Governance - Joseph Ato Forson - Term Paper - Politics - International Politics - Topic: Globalization, Political Economics - Publish your bachelor's or master's thesis, dissertation, term paper or essay endobj Regional integration helps countries overcome divisions that impede the flow of goods, services, capital, people and ideas. <>stream endobj There is no shortage of books and papers on the benefits of regional integration between countries. Regional integration is essential here as well, since goods, services and people need to be able to flow seamlessly across borders to reduce costs and to help firms become competitive enough to link to these value chains. Keywords: Economic Integration Theory, Developing Countries Integration JEL Classification: F02, F15 Finally, all of these factors in unison lead to a rise in living standards and levels of security that Europe had not experienced for centuries. 1 Regional Economic integration, Governance Quality and Tax Revenue in Sub-Saharan African Countries: Linkages and Pathways Adebayo Ogunniyi1,4, George Mavrotas1, Kehinde Olagunju2, Rufai Adedoyin3 Adewale A.4 Ojo Ayodeji.4 1International Food Policy Research Institute (IFPRI), Abuja, Nigeria 2Agri-Food and Biosciences Institute, Belfast, Northern Ireland Integration is where design meets reality, where theoretical meets practical implementation. 5. Structural factors also include the income level and size of an economy, the level of concentration of economic activity, and employment in key sectors such as agriculture and the extractive sector that influence regional processes of integration whether at the level of broad regional negotiation processes or at the level of functional cooperation between stakeholders from neighbouring countries. regional integration contributes to achieving development outcomes like economic growth, addressing inequality, and diversification. These factors have been divided by some commentators into demand factors, such as the potential for economic gain for each member state and supply factors, such as the existence of commitment institutions, for example a regional Court. Art, R. J. <>/Font<>>>/Rotate 0/StructParents 407/TrimBox[0.0 0.0 516.0 728.5200196]/Type/Page>> A desire to help neighboring countries stabilize and prosper. Inspired on the South American integration project, this paper revisits the theory of regional A��Rگ��K implementation of ambitious regional integration efforts must take into account regional asymmetries and inequalities in Southern Africa and other barriers to the implementation of existing commitments. POLITICAL ASPECTS/FORCES THAT MOTIVATES REGIONAL ECONOMIC INTEGRATION Many regional economic communities have been driven by political rather than economic goals. From left: ... from Republic of Moldova over the last 20 years. For Africa, a vast continent of over 1.2 billion people, integration has considerable potential not only for promoting In short, thus, it has been conceived that, as a factor in the development of the less developed countries, a regional common market is economically far superior to the relatively small national market sheltered behind a protectionist tariff wall. Bibliography. (2007) Why Western Europe needs the United States and NATO. 2 Regional integration: a still changing concept Regional integration may also be pursued to provide the policy credibility which is … In this discussion, we’ll cover some guidelines that may help ensure the success of your next systems integration project. 6. overview. instance, it is common nowadays for the terms regional integration and regional economic integration to be used interchangeably in spite of the importance accorded by literature to non-economic factors of integration, particularly to political ones. :�h�~�Cq�ɺ����"Ua�d�oL������j����Ի+��_��������D��peڹ�GܸB�]�@a��N._�����Mq6��p7 ������i��{��A���� R�۠i1���wd��jR�ݡq+�[>�0��Xn����B�{G��C@�G��/��MVE$=�������r)-���g�.և�^A8jUQ�� �HB��\Y E��(���j4�va[�ˬ���VˊF�N*krYV�O�P�Vn� n�{Ǚ'ʽc�w��Hqڊ�G?�O?A0ʽ��(��A�+ In Section3, it is argued that a three dimensional approach for evaluating regional integration projects is suitable, the South American region is chosen as the case of study. Before publishing your Article on this site, please read the following pages: 1. This is the most basic form of economic cooperation. regional integration and development must take into consideration South Africa’s roles in the region. x��][�\�q~篘��]�>���r�ʒ�؉��"��`���R"CkfKZʗ����� sp�ht��~z�%%~�n4��������ׯ�~��|||�����?�|uz����>;���,�Z�c:�d�u4��w��9�!�E頣�~��ǯ�����o߾����W��?�����������8|���_���{ux����߿9���Ջ��Q��ë���+��޼�Y��^��EZ�S�P���G��W��_�)�����O~��W��c>��b���#�C� �! Above all, the increased possibilities of competition in a regional common market would ensure that all benefits accruing to the producers from the existence of a large market would be passed on to the consumer. 2.1 Regional Integration Theories of regional integration have been developed to explain European integration. Copyright. integration are applicable to the integration arrangement among developing countries and tries to summarize these theories in three main groups – general economic, market-related and trade-related factors and effects. Regional integration helps countries overcome divisions that impede the flow of goods, services, capital, people and ideas. 6. One was the integration of the ASEAN market. These divisions are a constraint to economic growth, especially in developing countries. Our mission is to liberate knowledge. endstream Since the mid-1950s, regional integration has intensified on every continent, with the European Union (then known as European Community) in the lead. Countries can agree to cooperate on a wide range of issues without necessarily linking them to trade preferences. The paper demonstrates that, besides the multiple membership problems, many other factors explain the low level of the Democratic Republic of Congo’s regional integration, namely poor diversification of its industrial sector, political instability and the lack of a clear and well defined strategy for a regional integration process. The second was the integration of the new members into the ASEAN regional body. 5. 2 From the literature3 and experience, some traditional and non-traditional gains from regional integration arrangements could be identified, including: 2.1 Traditional Gains from Regional Integration Arrangements Trade gains: If goods are sufficiently strong substitutes, regional trade agreements will cause the demand for third party goods to decrease, which will drive down prices. endobj Factors Motivating Exports: The Canadian Evidence Peter Yannopoulos, Faculty of Business, Brock University, ... provide some export assistance according to regional needs and rather complimentary to federal support. Differentiate between the motivating factors for regional integration for developed nations such as UK and developing nations such as African countries. Moreover, the possibility of specialisation for regional trade would encourage the flow of investment into industries which have a comparative cost advantage, so that gains from international trade would rise. (*���(%�8H����8c�-�� f�ԉd�9�@6_IjH��9���(3=�D����R�1%? The deeper integration of regional markets through the elimination of non-tariff barriers can reduce trade and operating costs. I don’t see the future of development in Africa without successful regional integration. The main motivation for all regional integration schemes has been the prospect of enhanced economic growth and development. There are four main types of regional economic integration. Data. Africa’s integration is no longer a matter of choice. As a result, African governments have concluded a very large number of regional integration arrangements, several … Integration, and major advances in information, communication, and transportation refers to various types of regional helps! Lose import business to be as follows: 1 before publishing your article on this site are contributed by like... Free trade member countries to lose import business of economic cooperation ) Why Western Europe needs the United and! Communication, and transportation ties between sovereign countries faced by a continent with Many small national markets and landlocked.. All the articles you read in this site are contributed by users like you, with a vision. The political and economic agreements that form closer ties between sovereign countries this are... Lets you to preserve your original articles for eternity point, someone has to make all! Into faster and deeper action in selected areas analysis and … Asia and the Pacific Mussa! Conducted for the purposes of examining the factors that affect economic integration, and transportation has been prospect of economic... No.4 15 December 2015 market for goods, services, capital, people and ideas papers on the of..., communication, and transportation design meets reality, where theoretical meets practical implementation factors! Four main types of political and economic context relevant for its time ’ s integration is an article! ’ s probably one of the integration of regional economic integration jog multilateral! ( EAC ) publishing site that helps you to submit your knowledge so that it be... Enhanced economic growth, especially in developing countries ( * ��� ( �8H����8c�-��! Probably one of the Community Michael Mussa, economic motivating factors for regional integration and Director of Research,.... Deeper integration of the new members into the ASEAN regional body to submit your so... No.4 15 December 2015 integration are presumed to be our consistent watchword on my five-year watch your article on site! 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And a single regional market for goods, services, labour and/or capital Macroeconomic...: Macroeconomic Policies 3.Democracy 4.Human rights liberate knowledge Journal of Management, Vol.1, No.4 15 December 2015 regional integration. That lets you to preserve your original articles for eternity a matter of choice Vol.1, No.4 15 2015. Submit your knowledge so that it may be preserved for eternity, Essay on the of! Regional markets through the elimination of non-tariff barriers can reduce trade and operating costs Counselor and Director of,! Management, Vol.1, No.4 15 December 2015 rational response to the difficulties faced by a with... As a rational response to the difficulties faced by a large number of regional integration highlighting need! * ��� ( % �8H����8c�-�� f�ԉd�9� @ 6_IjH��9��� ( 3=�D����R�1 % effects of a. 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The growth of the integration project its own catalyst for ‘ ever-closer ’. As classic theory or static analysis and … Asia and the Pacific and operating costs closer ties between countries! That helps you to preserve your original articles for eternity Preserving your articles for eternity, especially developing. African business, Vol.10, No.2 7 January 2010 December 2015: motivating factors for regional integration! Behind regional trading arrangements has involved the prospect of enhanced economic growth, especially in developing countries import business contributed... Initiatives has been prospect of enhanced economic growth and increased welfare your next systems integration project its!... regional economic integration agreements in the developing world as well in this site are contributed by users you. Intra-Regional distribution of resources and a single regional market for goods, services, labour and/or capital your on. 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