Full Description
The book examines various aspects of Africa's external economy by focusing on regional monetary arrangements and how they are affected by devaluation episodes. It investigates the relationship between current account balances, trade balances and trade openness with respect to regional integration and regional growth patterns, discusses obstacles to a successful regional integration and paths to structural transformation, and studies the impact of economic partnership on inclusive development. The book addresses researchers and policymakers interested in development economies and African economic development.
Contents
Part 1: Introducing Regional Integration.-The Economic Value of Regional Integration in Africa.- Current Account Im(balances) and Adjustments to Targets for Regional Integration in West Africa: One Step Forward, Two Steps Backwards.- Obstacles to Strengthening Economic Integration in the West African Economic and Monetary Union.- Part 2: External Trade.- Growing External Trade, Development and Structural Heterogeneity in West Africa: Examining the Evidence.- Driving Factors of Intra-regional Trade in Agricultural Goods: The Case of West African Economic and Monetary Union.- Trade Openness and Food Security in Africa: A Comparative Study of CEMAC and WAEMU Countries.- Trade in Services for Growth and Structural Transformation in West Africa.- Part 3: Macroeconomics and Political Economy.- Macroeconomic Effects of Commodity Price Shocks on ECOWAS Members.- Is Currency Devaluation Appropriate for Improving Trade Balance in the WAMZ Countries?.- The ECOWAS-EU Economic Partnership Agreement: Towards Inclusive Development?
