A common currency for countries within the economic community of West African states
- Authors: Djessou, Oze Marie Pascale
- Date: 2018
- Subjects: Economic Community of West African States , Africa, West -- Economic integration , Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/22027 , vital:29814
- Description: While the West African sub-region has progressed in its efforts to achieve sustainable development, more intensive efforts are needed to address its developmental constraints. Among these constraints, the fragmentation of the sub-continent into small and landlocked countries remain one of the structural challenges to be faced. For this reason, strengthening regional co-operation and economic integration is a significant part in the improvement of the region’s economic performance. Monetary integration, which involves the use of a common currency within the area, is part of the process of economic integration. This study reflects upon the difficulties experienced by countries within the Economic Community of West African States (ECOWAS) without a common currency to facilitate economic growth and development. The study adopted a descriptive methodology and embarked on a thorough analysis of recent and relevant secondary sources. This was done in order to determine the expected effects of a common currency in the community, as well as to evaluate the viability of a single currency in the area. The findings indicate that there are potential gains expected from the establishment of a common currency in the relevant community of countries. These gains are contingent upon the meeting of a number of preconditions. These conditions include, inter alia, the need for a multidimensional approach to regionalism, the sustainability of the fiscal policy framework in the region and a greater convergence of the ECOWAS economies.
- Full Text:
- Date Issued: 2018
- Authors: Djessou, Oze Marie Pascale
- Date: 2018
- Subjects: Economic Community of West African States , Africa, West -- Economic integration , Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/22027 , vital:29814
- Description: While the West African sub-region has progressed in its efforts to achieve sustainable development, more intensive efforts are needed to address its developmental constraints. Among these constraints, the fragmentation of the sub-continent into small and landlocked countries remain one of the structural challenges to be faced. For this reason, strengthening regional co-operation and economic integration is a significant part in the improvement of the region’s economic performance. Monetary integration, which involves the use of a common currency within the area, is part of the process of economic integration. This study reflects upon the difficulties experienced by countries within the Economic Community of West African States (ECOWAS) without a common currency to facilitate economic growth and development. The study adopted a descriptive methodology and embarked on a thorough analysis of recent and relevant secondary sources. This was done in order to determine the expected effects of a common currency in the community, as well as to evaluate the viability of a single currency in the area. The findings indicate that there are potential gains expected from the establishment of a common currency in the relevant community of countries. These gains are contingent upon the meeting of a number of preconditions. These conditions include, inter alia, the need for a multidimensional approach to regionalism, the sustainability of the fiscal policy framework in the region and a greater convergence of the ECOWAS economies.
- Full Text:
- Date Issued: 2018
The changing face of NEPAD and the challenges of facilitating sub-regional economic integration on the ECOWAS platform
- Authors: Agomuonso, Udo Robertson
- Date: 2013-03
- Subjects: New Partnership for Africa's Development , Economic Community of West African States , Sustainable development -- Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/24783 , vital:63573
- Description: This research is intended to evaluate and study the challenges confronting NEPAD’s quest for sub regional economic integration in the ECOWAS domain. Political and economic integration has been part of African strategy to overcome fragmentation, marginalization and improve the continent’s position in the global political economy. Indeed, Africa needs integration more than any other continent or region in the world and this is why, it has had a fair share of regional integration arrangements all through her history. Unfortunately, these efforts have not paid off in the dimension of desired expectations. When NEPAD was established, it was given regional integration responsibilities, even though it was not a regional organization. It was mandated to drive regional integration in Africa by supporting the regional integration efforts of the regional economic institutions in Africa. After 10 years of existence, African leaders dissolved NEPAD and in its place, instituted the NEPAD Planning and Coordinating Agency (NPCA). This move was orchestrated by the seemingly slow progress made by NEPAD in this direction. NEPAD and ECOWAS has been working together to promote regional integration, but like in most parts of Africa, the challenges has been seemingly intractable. The study is anchored around the principles of integration as presented by the neo-functionalists theorists. Hence, the research attempted to provide an explanation of the performance and non-performance of NEPAD as a regional integration tool, within the confines of the theory. The findings show that while, there has been some level of success in this venture as evidenced by the projects that are on-going in the sub region, the fact remains that NEPAD did not deliver or actually delivered below expectations. However, this situation is reversible as the study submitted that, there is a future for regional integration in West Africa, Africa and the new NPCA, if the African Union pulls the right levers. , Thesis (PhD) -- Faculty of Social Sciences and Humanities, 2013
- Full Text:
- Date Issued: 2013-03
- Authors: Agomuonso, Udo Robertson
- Date: 2013-03
- Subjects: New Partnership for Africa's Development , Economic Community of West African States , Sustainable development -- Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/24783 , vital:63573
- Description: This research is intended to evaluate and study the challenges confronting NEPAD’s quest for sub regional economic integration in the ECOWAS domain. Political and economic integration has been part of African strategy to overcome fragmentation, marginalization and improve the continent’s position in the global political economy. Indeed, Africa needs integration more than any other continent or region in the world and this is why, it has had a fair share of regional integration arrangements all through her history. Unfortunately, these efforts have not paid off in the dimension of desired expectations. When NEPAD was established, it was given regional integration responsibilities, even though it was not a regional organization. It was mandated to drive regional integration in Africa by supporting the regional integration efforts of the regional economic institutions in Africa. After 10 years of existence, African leaders dissolved NEPAD and in its place, instituted the NEPAD Planning and Coordinating Agency (NPCA). This move was orchestrated by the seemingly slow progress made by NEPAD in this direction. NEPAD and ECOWAS has been working together to promote regional integration, but like in most parts of Africa, the challenges has been seemingly intractable. The study is anchored around the principles of integration as presented by the neo-functionalists theorists. Hence, the research attempted to provide an explanation of the performance and non-performance of NEPAD as a regional integration tool, within the confines of the theory. The findings show that while, there has been some level of success in this venture as evidenced by the projects that are on-going in the sub region, the fact remains that NEPAD did not deliver or actually delivered below expectations. However, this situation is reversible as the study submitted that, there is a future for regional integration in West Africa, Africa and the new NPCA, if the African Union pulls the right levers. , Thesis (PhD) -- Faculty of Social Sciences and Humanities, 2013
- Full Text:
- Date Issued: 2013-03
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