scholarly journals Regional Economic Integration in the Southern African Development Community (SADC): Analysing the Dynamics and Performance

2020 ◽  
Vol 20 (2) ◽  
pp. 333-346
Author(s):  
Johannes Muntschick

This article analyses the dynamics and performance of regional economic integration in the Southern African Development Community (SADC). It proposes an innovative theoretical approach to the analysis of regionalism that refers to cooperation theory and takes the impact of external actors explicitly into account. The motivation for this research stems from the observation of a new wave of regionalism in the Global South. Many of these new or reformed regional integration organisations (RIOs) comprise of developing countries, particularly in Africa. In contrast to expectations of most mainstream integration theories, new regionalisms in the Southern Hemisphere have come into existence and show considerable degrees of dynamics and institutional performance. However, there is evidence that regionalisms in the Global South are less stable than in the North and not always entirely under control of regional actors only. This puzzling observation, of which the SADC gives an example, has motivated research for this article. Its central aim is to explain the recent integration dynamics and performance of the organisation in its key policy area, namely the economy. By applying a situation-structural approach to analyse and explain the development of institutionalised regional integration, the author argues that patterns of strong and asymmetric interdependence between regional and extra-regional actors may have an ambivalent impact on the genuine structure of regional cooperation problems, institution-building and institutional performance. The article illustrates and explains this on the example of SADC’s key economic integration projects: the SADC Free Trade Area and the scheduled SADC Customs Union.

2020 ◽  
pp. 097491012097480
Author(s):  
Muhammad Ibrahim Shah

Regional economic integration is the key to achieving prosperity and stability. However, intra-regional trade in South Asia accounts for not more than 5%–6% of their total trade. This study aims to examine the role played by regional economic integration in determining the economic growth of South Asian countries over the period 1980–2015. Since shocks in one country may affect another country in the region, this is taken into account in the article by employing methodologies that are robust to cross sectional dependence. Specifically, continuously-updated and bias-corrected (CupBC) of Bai et al. (2009) and Dumitrescu–Hurlin panel causality test (2012) have been employed to estimate long-run coefficients and determine the direction of relationship among the variables, respectively. The findings suggest that economic integration increases economic growth significantly in this region. However, contrary to popular belief, both democracy and human capital are negatively related to economic growth. Bidirectional causality is found between economic integration and democracy, regional integration and human capital, democracy and human capital and, democracy and labor. This study also presents several policy implications for South Asian countries.


Author(s):  
Mariia LYZUN

The article investigates the transformation of approaches to understanding the processes of regional economic integration. The macro-region as a structural element of regionalism is explored. Criteria for typology of regional economic integration are systematized and divided into dichotomous and trichotomous. Factors influencing regional integration and current tendencies of its development are determined. A modern group of regional integration associations is identified, thus improving the existent typology. It includes regional and multilateral associations, hub and spoke regionalism, gravity agreements, plurilateral, bilateral, minilateral regionalism. JEL: F15, F13, F60, R10.


2019 ◽  
Vol 65 (3) ◽  
pp. 265-281
Author(s):  
Diamond Ashiagbor

Underpinning this article is the proposition that regional integration with a social dimension has the potential to engender a more equitable pattern of globalisation. The empirical focus of the article is on the extent to which the insights of ‘embedded liberalism’ associated with regional economic integration between the industrialised nations of the European Union (EU) can be applied to regional economic integration within sub-Saharan Africa. The article contends that EU market liberalisation has been embedded within labour market institutions and institutions of social citizenship at the domestic level. These have served as social stabilisers to counter the far-reaching effects of the internal market and global trade. Less industrialised nations have never enjoyed adjustment mechanisms of this sort, raising the question for this article, and for further research: in which legal and institutional structures can these nascent forms of market integration at regional and sub-regional level be embedded?


2018 ◽  
Vol 9 (4) ◽  
pp. 1402
Author(s):  
Assem OINAROVA ◽  
Ramazan ALIMKULOV ◽  
Sholpan TLEPINA

In the present settings, the development of the world economy follows a key trend that consists in regional economic integration. It is quite predictable that the member states of the Eurasian Economic Union (EAEU) are promoting the project of economic integration aiming to secure certain positions in the developing new structure of the global economic system. This study aims to establish whether EAEU meets the criteria for an international organization of regional integration, as well as to consider whether the EAEU countries can successfully combine their membership with the membership in the World Trade Organization (WTO). The study was based on specific techniques and methods for the research of phenomena and processes. In a bid to reach the objectives of the study, the authors considered the scientific opinions, online data sources, as well as the analytical data available on the official websites of EAEU, WTO and the Eurasian Economic Commission. The importance of the study lies in the actionable advice on the improvement of integration that was provided based on the analysis of the regional economic integration processes within EAEU. The study concludes that the EAEU was established in accordance with the norms of international law and that the Union possesses every attribute of an international organization. In addition to that, as a result of examining EAEU’s ‘outer borders,’ the study revealed certain problems for the member states in trying to maintain their EAEU membership alongside with the membership in WTO.


2012 ◽  
Vol 37 (4) ◽  
pp. 421-447 ◽  
Author(s):  
Guillaume Van der Loo ◽  
Peter Van Elsuwege

This contribution compares the different paths of regional economic integration in the post-Soviet space and analyzes their implications for Ukraine. First, it examines the legal framework of EU-Ukraine trade relations and the impact of the envisaged establishment of a Deep and Comprehensive Free Trade Area (DCFTA) in the context of the European Neighborhood Policy (ENP). Second, the various initiatives of regional trade integration with Russia and other post-Soviet republics are scrutinized in light of Ukraine’s legal commitments towards the World Trade Organization (WTO) and the EU. It is argued that the establishment of a DCFTA with the European Union precludes Ukraine’s full participation in the Eurasian Economic Community and the customs union between Russia, Belarus and Kazakhstan.


Author(s):  
Sanel Razić ◽  
Merim Kasumović

The historical context of globalization as an organized process, which influenced the majority of national economies linked via international institutional mediators, led to the so called regional economic integration phenomenon. It is interpreted as the efforts of underdeveloped and developing countries to speed up their economic growth and more significantly impact the entire macroeconomic stability by means of some form of regional integration. Nowadays, regional economic integration is one of the pillars for proper functioning of modern economic relations. Experience of developed countries serves as an example to point out that integration processes inevitably contribute to more favorable environment for developing business sector in the countries striving for integration. In the context of global integrations, more frequent forms of regional changes and the establishment of trade blocks come as the consequence as well as the overall need for obtaining trade balance among national economies. Within this context, the European Union is seen as one of the most important regional integration and an imperative in economic, political and cultural segment, as it is the territory with significant economic growth and the region with high living standards.


2020 ◽  
Vol 8 (2) ◽  
pp. 81-85
Author(s):  
Aleksandr Suglobov ◽  
Oleg Karpovich

This article discusses the main aspects and features of the modern world energy market in Latin America. Energy diplomacy is analyzed as the main instrument of regional integration. The activities Of the Commission for regional economic integration (CELAC) are studied through the prism of ensuring the interests of all the main participants in this integration Association.


2020 ◽  
Vol 218 ◽  
pp. 04017
Author(s):  
Min Chen

The Asia-pacific region is the area with vast development accompanied by subtle evolution worldwide under frequently changeable global economic circumstance. The development of regional trade agreements (RTAs) in this area is most complicated and comprehensive. The interactive influence of economic growth and trade liberalization, and of the combination and differentiation, has grandly contributed the development of RTAs in the process of regional integration in this area, which has formed the strong driving force of the regional economic integration. On the basis of characteristics of the evolution in the course of Asia-pacific regional economic integration, this paper has analyzed the driving mechanism of the integration evolution and future development direction, then put forward some corresponding countermeasures.


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