Regional trade agreements proliferated in Africa in the wake of independence from colonial rule. For the most part these agreements failed to deliver the regional integration and economic benefits that were promised, and amounted to little more than a propaganda coup for the leaders that signed them. This book explores conventional explanations of the failure of these agreements, and challenges the accepted wisdom, highlighting the symbiotic relationship between "Big Man" politics and crony capitalism. The rise of second generation regional trade agreements in the first decade of the twenty-first century emphasises the pressing need for a revised assessment of the aims, consequences and scope of these agreements. This book focuses on the revitalized East African Community to examine the potential benefits of modern agreements to foster economic development and the hurdles that must be overcome to realize this potential.
Regional trade agreements proliferated in Africa in the wake of independence from colonial rule. For the most part these agreements failed to deliver the regional integration and economic benefits that were promised, and amounted to little more than a propaganda coup for the leaders that signed them. This book explores conventional explanations of the failure of these agreements, and challenges the accepted wisdom, highlighting the symbiotic relationship between "Big Man" politics and crony capitalism. The rise of second generation regional trade agreements in the first decade of the twenty-first century emphasises the pressing need for a revised assessment of the aims, consequences and scope of these agreements. This book focuses on the revitalized East African Community to examine the potential benefits of modern agreements to foster economic development and the hurdles that must be overcome to realize this potential.
The completely reedited second edition of this book reflects recent advances and adds insightful new material. The book analyzes regional economic performance and change, and discusses how analysis...
This book provides fresh insights into the theory and policy of regional and multilateral trade from the perspective of developing countries. With the collapse of talks at the WTO Doha round,...
Originally published in 1983, when Europe's economies were facing the worst recession since the 1930s, this book reviews the outcome of a quarter of a century of research and practical experience in...
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