Wealth through Integration : Regional Integration and Poverty-Reduction Strategies in West Africa

edited by Elias T. Ayuk, Samuel T. Kaboré

Could regional integration be a first step toward joining the global market? In a context where liberalizing trade has not produced the expected gains in developing countries and growth in global trade has not led to the expected economic growth, an alternative solution has emerged. This new paradigm suggests that trade liberalization should be accompanied by public investment. However, by its very nature, trade liberalization leads to a reduction in revenues from duties and taxes, which means that the available resources for public investments will also be reduced. There are now solid arguments for encouraging the less-developed countries to first emphasize regional integration before trying to access the global market.This book explores the issues linked to regional integration in West Africa and presents empirical data about the experiences in = West African Economic and Monetary Union (WAEMU) countries to converge their economies. It also examines how these efforts, which make a major contribution to regional integration, influence poverty reduction in the economic and monetary community. It will be of interest to researchers working in this area.

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Year of publication:	2013
Authors:	Ayuk, Elias T.
Other Persons:	Kaboré, Samuel T. (contributor)
Publisher:	New York, NY : Springer
Subject:	Regionale Wirtschaftsintegration \| Regional economic integration \| Wirtschaftliche Konvergenz \| Economic convergence \| Armutsbekämpfung \| Poverty reduction \| CFA-Franc-Zone \| CFA franc zone \| Westafrika \| West Africa
Description of contents:	Description [swbplus.bsz-bw.de]

Extent:	Online-Ressource (XXIV, 297 p. 37 illus., 32 illus. in color, digital)
Series:	Insight and Innovation in International Development ; 4 SpringerLink / Bücher
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Introduction: Why Integrate? / Elias T. Ayuk and Samuel T. Kabore. - Part I: Economic convergence and fighting poverty . - Fifteen Years of WAEMU: Results and Strategies for the Future / Diery Seck . - Growth and Convergence in Africa: A Dynamic Panel Approach / Pierre Joubert Nguetse Tegoum, Pascal Nakelse, Roland Ngwesse . - Has There Been Real and Structural Convergence in WAEMU Countries? / Nacisse Palissy Chassem . - The Impact of the Convergence, Stability and Growth Pact in the WAEMU / Adama Combey, Komla Mally . - Real Convergence in the WAEMU Area: A Bayesian Analysis / Claude Wetta, Antoine Yerbanga . - The Effects of Credit Constraints on Economic Convergence: The Case of the WAEMU Countries / Abdoulaye Diagne, Abdou-Aziz Niang . - Free Movement of Goods in WAEMU and the European Union: Community Law a Comparative Study from the Perspective of Trade / Ousmane Bougouma . - Part II: Regional financing instruments and fighting poverty . - The Role of Cash Transfers from Migrants in Promoting Wealth Through Integration; Contents; Acknowledgements; About the Authors; List of Tables; List of Figures; Acronyms and Abbreviations; Preface; Chapter 1: Introduction: Why Integrate?; I Introduction; II The Concept of Regional Integration; III Theoretical Considerations; Regional Integration and Poverty; IV Chapter Overview; Part I: Economic Convergence and Fighting Poverty; Part II: Regional Financial Instruments and Fighting Poverty; References; Part I: Economic Convergence and Fighting Poverty; Chapter 2: Fifteen Years of WAEMU: Results and Strategies for the Future; I Introduction Requirements for WAEMU´s SuccessNecessary Monetary and Economic Arrangements; Increased Intra-zone Trade; Weak Correlation of the Effects of Crises on Member Economies; Labour Mobility Within the Union; Union Competence in Budgetary Matters and Member Solidarity; Unilateral Irreversibility of Community Arrangements; Member Adhesion to Nominal Convergence Criteria; WAEMU´s Institutional Framework and its Functioning; WAEMU´s Institutional Framework; Convergence Criteria; Additional Union Measures; Analysis of the WAEMU Institutional Set-Up; II Review of WAEMU Results Social and Economic ReviewMonetary and Financial Review; Real Community Convergence; III Recommended Strategies for the Future; Strengthening Union's Policy Competences; Policies to Strengthen the Weaker Countries; Creating a Social Pact; Increasing Mobility; IV Conclusion; References; Chapter 3: Growth and Convergence in Africa: A Dynamic Panel Approach; I Introduction; II Growth and Convergence: A Review of the Theoretical and Empirical Literature; The Theoretical Basis of Income Growth; Framework: The Neoclassical Solow Model; Convergence: Concept and Measurement; beta-Convergence Club Convergencesigma-Convergence; Empirical Studies of Income Convergence; III Methodology; Econometric Specifications; Estimation Method; The Data and Its Sources; IV Evaluation of the Convergence of African Economies; Analysis of sigma-Convergence; Evaluation of sigma-Convergence Within the RECs; ECOWAS Economies; WAEMU Economies; CEMAC Economies; SADC Economies; COMESA Economies; Analysis of beta-Convergence; beta-Convergence Test; REC Evaluations; Characterising the beta-Convergence; Fixed-Effects Analysis; The Case of West African Economies; The Case of SADC Economies The Case of CEMAC EconomiesV Policy Implications and Recommendations; VI Conclusion; Appendices; Appendix 1: Regional Economic Community (REC) Member Countries; LSDVC Estimators: The Principle; References; Chapter 4: Has There Been Real and Structural Convergence in WAEMU Countries?; I Introduction; II Problem Statement and Objectives; Review of the Literature; From Economic Integration to Economic Convergence; Real and Structural Convergence in the WAEMU; The Link Between Real and Structural Convergence; Research Questions, Hypotheses and Study Objectives; Research Questions Research Hypotheses
ISBN:	978-1-4614-4415-2 ; 978-1-4614-4414-5
Other identifiers:	10.1007/978-1-4614-4415-2 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013522985