scholarly journals Nigeria’s development process, methodology and milestones planned for VISION 20:2020 - 13 years after

2021 ◽  
Vol 9 (2) ◽  
pp. 192-196
Author(s):  
D.A. Adekomi ◽  
C.O. Alebiosu
Keyword(s):  
International Economic ◽  
International Trade ◽  
Economic Integration ◽  
Development Process ◽  
Regional Economic Integration ◽  
Regional Economic ◽  
The Past ◽  
The World ◽  
Process Methodology ◽  
Trading Blocs

Regional and international economic integration Regional economic integration has helped many countries of the world to concentrate on issues that are essential to their development as well as encourage local, national, and international trade between countries and neighbors. In the past years, there has been increase in trading blocs with numerous agreements in place and more in the pipeline(s). These agreements provide more opportunities for countries to interact and trade with one another without barriers to investment and trade. This manuscript discusses regional and international economic integrations in line with VISION-20-20 and the Nigeria economy. Keywords: Trade, investment, money, economic goals, Africa

scholarly journals The Challenge of Regional Economic Integration in Africa: Theory and Reality

2015 ◽  
Vol 3 (4) ◽  
pp. 5 ◽  
Author(s):  
Peace A. Jiboku
Keyword(s):  
Economic Integration ◽  
Developed Countries ◽  
Economic Transformation ◽  
Theory And Practice ◽  
Regional Economic Integration ◽  
Least Developed Countries ◽  
High Concentration ◽  
Regional Economic ◽  
Integration Schemes ◽  
The World

Africa has a high concentration of sub-regional economic organisations, multilateral arrangements and institutions promoting the goals of integration. Yet, the continent has remained the least integrated of the world’s major regions. Africa has remained slow in its development trajectory and harbours most of the least developed countries of the world. A large percentage of the African populace is mired in poverty while the sub-continent continues to be marginalised in global affairs. The obvious reality is that Africa is yet to benefit fully from the gains of regional economic integration and that the economic transformation of the African continent as a whole – one of the main objectives often declared in establishing regional economic integration schemes – is yet to be realised. There is, in Africa, a seemingly wide gap between the theoretical aspirations towards regional economic integration and the empirical evidence and practical reality of actual integration. Regionalism in Africa raises several issues of contradictions and debate in the world <br />of theory. This paper examines regional economic integration challenge in Africa locating key issues within theory and practice.

The Strategic Choice and Development Measures of Chinese Textiles Trade

2010 ◽  
Vol 439-440 ◽  
pp. 166-171
Author(s):  
Li Ping Wang
Keyword(s):  
International Trade ◽  
Economic Integration ◽  
World Economy ◽  
Strategic Choice ◽  
Regional Economic Integration ◽  
Export Trade ◽  
Regional Economic

After 80s of the last century, the regional economic integration is the prominent characteristics of the development of world economy and international trade, however, the integration organizations that China participated in couldn’t play the important role for China’s export trade. Based on the situation, the paper analyzed the characteristics of China’s export trade and brought forward some suggestions and measures for China’s textiles export.

Who Benefits From Regional Economic Integration?

2018 ◽  
pp. 97-115
Author(s):  
Ina Kayser
Keyword(s):  
Economic Impact ◽  
Economic Integration ◽  
Regional Security ◽  
Regional Economic Integration ◽  
Political Systems ◽  
Regional Economic ◽  
The Third ◽  
Functional Community ◽  
The World ◽  
Economic Regions

This chapter analyses ASEAN as an example of regional economic integration throughout the decades. ASEAN was founded as a means of stability in a region with great threats to regional security. Its member states could hardly vary more in terms of economic impact, political systems, and culture. Nonetheless, ASEAN became one of the most vibrant economic regions in the world following its own ASEAN Way. This chapter analyzes the shift from a security-focused functional community toward a successful economic cooperation. Since its formation, ASEAN's development was driven by its rhetorical strength rather than the actual implementation of measures. Nonetheless, as of today, ASEAN managed to partly overcome this rhetoric dilemma, becoming the third largest market worldwide.

Specifics of Integration Processes in the Former Soviet Union: The Case of the Eurasian Economic Union

2018 ◽  
Vol 9 (4) ◽  
pp. 1402
Author(s):  
Assem OINAROVA ◽  
Ramazan ALIMKULOV ◽  
Sholpan TLEPINA
Keyword(s):  
Economic Integration ◽  
Regional Integration ◽  
Analytical Data ◽  
International Organization ◽  
Regional Economic Integration ◽  
Regional Economic ◽  
Member States ◽  
Eurasian Economic Union ◽  
The World ◽  
Economic Union

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.

scholarly journals Integration and the Diplomatic Crisis: Current Realities of the GCC

2020 ◽  
Vol 13 (2) ◽  
pp. 163-182
Author(s):  
L. V. Shkvarya
Keyword(s):  
Middle East ◽  
Economic Integration ◽  
Negative Impact ◽  
World Market ◽  
Regional Economic Integration ◽  
Mena Region ◽  
Regional Economic ◽  
Political Processes ◽  
Gcc Countries ◽  
The World

The article analyzes the integration process in the Gulf Cooperation Council group countries (GCC), which was founded in 1981. Regional economic integration in the GCC has passed through the several traditional stages: the Free trade zone, the Customs Union and the Common market. Certain exceptions remain in the GCC integration, but the countries aim to create a full economic Union by 2025. Currently, the GCC is one of the most advanced and successful integration associations in developing countries. However, the GCC is the only truly functioning integration bloc in the MENA region. The author's analysis confirms that the share of intraregional trade is growing in the GCC, but this share is less high than in other integration blocs. The author emphasizes that the GCC countries have significant success in the world market of goods and capital. The GCC trade turnover is growing steadily, although it depends on fluctuations in world oil prices. The GCC region attracts a lot of foreign investment and technology. This allows them to continue to diversify their national economies. The level and quality of life in the GCC is improving. These and other achievements are largely the result of regional economic integration and cooperation between countries in various areas on the world and regional markets. At the same time, the GCC is one of the most strategically important regions in the world economy and politics. Economic and political processes are influenced by many factors, both internal and external. Therefore, there are many contradictions in the GCC, and sometimes crisis situations are formed. One of them is the current "diplomatic crisis". It began in 2017 and has so far created numerous problems in the region and in the Arab world as a whole. It also has a negative impact on the development and deepening of integration processes. The author analyzed statistical data for 2009-2018 and justified the conclusion that the "diplomatic crisis" damages intraregional trade, reduces the dynamics of macroeconomic indicators, and worsens the position of the GCC countries in the world market of goods and capital. It also creates difficulties for citizens of GCC countries and companies that operate in the region. Now GCC countries should develop a mechanism to de-escalate the crisis, as this is in the economic and political interests of all participants and the Middle East as a whole. The relevance of the research is due to the need to analyze regional economic integration processes in the subregion in the context of growing global instability. The research makes a significant contribution to understanding the nature and features of integration processes in the Middle East.

scholarly journals Asean Is Working On The Triple-Cs Principle For Regional Economic Integration

2021 ◽  
Vol 58 (1) ◽  
pp. 5447-5457
Author(s):  
Dr. Sarfraz Batool Et al.
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Regional Integration ◽  
Regional Economic Integration ◽  
The South ◽  
Regional Economic ◽  
The Third ◽  
Asian Region ◽  
The World ◽  
Socio Economic Development

Southeast Asian Association for regional Co-operation was established in 1967 for the region's socio-economic development. Now it has been working as a single economic body and has become the sixth-largest economy in the world and third largest in Asia. It constitutes the third-largest population in the world that is effectively connected through physical and digital means.  This study aims to develop a theoretical understanding of the concept of regional Integration and to analyze the trends of regional integration suitable for the South East Asian region specifically. It focuses on the ASEAN's Triple-Cs Principle to deeply analyze its journey of regional economic integration. This Principle, basically, describe the existing strategic patterns of economic integration specifically used in the ASEAN countries to maintain their territorial integrity and increase socio-economic development in the world’s most diverse region. It further shows that how ASEAN remained consistently committed to regional integration since its initiation, for that purpose, how ASEAN worked on the journey of regional connectivity. And, How the advancement in the digital arena, is constantly increasing the regional connectivity (through digital means) and has become a backbone for the process of regional integration in the Asian region. Finally, how regional connectivity brings Peace, Progress, and Prosperity in the South East Asia. Further, it also helps to analyze that how much the existing patterns of Asian regionalism are conducive for socio-economic development. This study is divided into the following sections; the first section briefly describes the central theories of regionalism. In addition, it extensively describes the concept of region, regionalism, and regional integration and the importance of regional integration in the Asian region. The second section of the study explains the details of the Triple-Cs Principle of ASEAN for regional integration. The third section describes how ASEAN followed the Triple-Cs principle during its journey towards regional economic integration in different phases. Finally, it concludes with certain recommendations

DE FACTO AND DE JURE REGIONAL ECONOMIC INTEGRATION IN EAST ASIA: HOW DO THEY INTERACT

2010 ◽  
Vol 55 (01) ◽  
pp. 7-25 ◽  
Author(s):  
FRANÇOISE NICOLAS
Keyword(s):  
East Asia ◽  
Economic Integration ◽  
East Asian ◽  
Economic Cooperation ◽  
Regional Economic Integration ◽  
Regional Trade ◽  
Regional Economic ◽  
Monetary Cooperation ◽  
The World ◽  
Trade And Investment

A salient feature of the East Asian region is the persistent discrepancy between the progress in de facto and de jure economic integration. East Asia has long been said to be the champion of loose regional economic integration, with deepening intra-regional trade and investment linkages in the absence of any formal cooperative scheme. However, an oft-heard claim is that East Asia has been shifting recently towards an institution-based form of regional economic cooperation, primarily as a result of the 1997–98 financial crisis. Next to post-crisis financial cooperative schemes under the ASEAN+3, the surge of Regional Trade Agreements (RTAs) involving East Asian countries is thought by some to further substantiate this claim. The objective of the paper is twofold; first, to assess the validity of the aforementioned claim; and second, to examine the links between de facto and de jure economic integration in East Asia compared to other regions of the world. In the process, the sequencing between trade and monetary cooperation is also addressed. The paper starts by providing a candid assessment of the current state of play of economic cooperation in East Asia (de jure integration), both from the trade and the financial/monetary perspective, and highlights the limitations of the formal regional integration movement in East Asia to date. As a next step, it explores the changing nature of intra-regional trade and investment linkages, contrasts it to the situation in other parts of the world such as Europe and examines to what extent this new form of interdependence may be instrumental in making formal regional economic schemes more attractive. A major conclusion is that de facto trade integration may not automatically lead to deeper regional trade cooperation de jure and that its impact is likely to be stronger on monetary cooperation projects.

Openness of the Russian economy as a source of economic growth

2016 ◽  
pp. 26-42 ◽  
Author(s):  
P. Kadochnikov ◽  
A. Knobel ◽  
S. Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Economic Integration ◽  
Global Economy ◽  
Regional Economic Integration ◽  
Policy Recommendations ◽  
Regional Economic ◽  
Russian Economy

The paper considers measures on Russia’s integration into the global economy, aimed at the economic growth resumption. It analyzes conditions and mechanisms due to which the expanding trade and mutual investment with other countries contribute to economic growth in Russia. The paper provides policy recommendations for export support, regional economic integration agenda and the institutions reform.

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