stages of regional integration pdf

[/ICCBased 3 0 R] x���wTS��Ͻ7�P����khRH �H�. Regional economic integration has enabled countries to focus on issues that are relevant to their stage of development as well as encourage trade between neighbors. And a precision – %���� However, it seems fair to say that collective decision-making is an important aspect of all regional integration efforts. At the end of Lesson 1, students will arrange the integration stages on the simplified timeline. (1) Regional Integration In addition to the global economic regime based on the GATT and IMF systems, which has sustained the world economy since World War II, regionalism, through which neighbouring countries seek to strengthen their economies by entering into some form of “regional integration” has become a major trend. 2 From the literature3 and experience, some traditional and non-traditional gains from regional integration arrangements could be identified, including: 2.1 Traditional Gains from Regional Integration Arrangements Trade gains: If goods are sufficiently strong substitutes, regional trade agreements will cause the demand for third party goods to decrease, which will drive down prices. Therefore in order to fully understand and appreciate the importance of these efforts at integration, , a review at all levels is important. 3. Lesson 1: Stages in Regional Integration 1. Regional integration and Human development: a pathway for africa 5 Executive Summary increasing human development. For example, progresses have been uneven, so far, among the eight Regional Economic Communities (RECs) recognized by the African Union Commission (AUC) 3 and supposed to be the building block of regional integration … The primary objective of the Protocol establishing the Customs Union is to facilitate inter and intra regional trade in goods. In Section3, it is argued that a three dimensional approach for evaluating regional integration projects is suitable, the South American region is chosen as the case of study. A relatively loose definition may be better for comparative studies. Clearly, the process of European integration within the EC has gone further than integration in other regional settings. It implies the elimination of economic boarders between countries. It … Free trade area. stages of integration going form FTA to political integration 2. objective ... To exclude regional exploitation of zero tariffs within the FTA there is a rule of certificate of origin for the goods originating from the territory of a member state of an FTA. Working Paper 1. endobj /N 3 Levels of Economic Integration. The Economic Commission for Africa (ECA) became the champion of regional integration, already in the mid-1960s proposing the division of Africa into regions for the purposes of economic development. regional integration highlighting the need for a new approach. Regional Integration in Central Africa: Key Issues Africa Region Working Paper Series No. to take advantage of external developments. the number of countries concerned). 2 0 obj 1 0 obj Start studying • List the 5 stages of regional integration and describe how each stage further liberalized trade.. In the main, people-to-people relations should be prioritised. This is the most basic form of economic cooperation. PreserveArticles.com is an online article publishing site that helps you to submit your knowledge so that it may be preserved for eternity. The Treaty establishing the East African Community then names as subsequent stages of EAC integration the establishment of a Common Market, then a Monetary Union and ultimately a Political Federation. For example, progresses have been uneven, so far, among the eight Regional Economic Communities (RECs) recognized by the African Union Commission (AUC) 3 and supposed to be the building block of regional integration in Africa. {{{;�}�#�tp�8_\. As Laffan, O Donnell and Sm ith (2000) note, Balassa s view of a Types of Regional Integration • Regional integration is a continuum, with economic interconnectedness progressing from a low level of integration—the free trade area — through higher levels to the most advanced form of integration—the political union . The purpose of this report is to provide a brief overview of the various components of the regional 1 Article 35(2) of the Cotonou Agreement states that “Economic and trade cooperation shall build on regional integration initiatives of ACP States, bearing in mind that regional integration is a key instrument for the integration From its lowest to its higlhest formiis, initegrationi hias been said to >> endobj stream hϷ3�q]b�Jjh-��GHe����;|��f�c�B���8��(=.O��!���+��;8m*���Y��H�3:瘭��s{M��l�ڼ��]�룎�;��D��K�*M/Q�����Vt؎�������W��� ��oy��tI��^���� ��!���� Free trade area. There exists, for example, the euro area, the European Union and the European Free Trade Association/European Economic Economic integration, or regional integration, is an agreement among nations to reduce or eliminate trade barriers and agree on fiscal policies. From its lowest to its higlhest formiis, initegrationi hias been said to %PDF-1.5 The timeline below identifies the major stages in the integration movement since the 1950's. Regional integration is the process by which two or more nation-states agree to co-operate and work closely together to achieve peace, stability and wealth. stream This is the most basic form of economic cooperation. What Is Regional Economic Integration? It implies the elimination of economic boarders between countries. Figure 1: 12 Case Studies of Regional Power Integration Schemes PJM SIEPAC UCTE ... at different stages of development Power Exchange Trading Agreement Investment projects underway Consistent supply since 1997 Imposition of social and �@���R�t C���X��CP�%CBH@�R����f�[�(t� C��Qh�z#0 ��Z�l�`O8�����28.����p|�O×�X 1. The pan-African developmental regional integration agenda has to do with regional integration for the political unification of Africa. Box MP167 Mount Pleasant Harare, Zimbabwe. Regional integration context The blueprint for regional integration is commonly taken from Balassa’s seminal book of … Usually integration involves one or more written agreements that describe the areas of cooperation in detail, as well as some coordinating bodies representing the countries involved. It lasted untilMay 31, 1962. Among the most outstanding features of the current processes of regional economic integration are: 1. The Theory and Nature of Regional Integration Balassa s five stages of economic integr ation (Balassa (1961)) constituted a free trade area, customs union, common market, economic union and total economic integration. As you research, be sure to … Africa’s regional integration in historical perspective After independence regional integration became a pillar of Africa’s developmental strategy. The WIF was established in 1956 by the British Federation Act and came into effect on January 3, 1958. Regional integration is a process in which neighboring states enter into an agreement in order to upgrade … 4 0 obj Generate global competition 5. Its first <>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> There are four main types of regional economic integration. And, Section4summarize the arguments and concludes. In the main, people-to-people relations should be prioritised. << Economic integration can be classified into five additive levels, each present in the global landscape:. Definition of economic integration The combination of several national economies into a larger territorial unit. opportunities for more inclusive regional integration dynamics in areas such as infrastructure investments and cross-border movements of goods, people and finance. What are the Advantages of Regional Economic Integration? As Laffan, O Donnell and Sm ith (2000) note, Balassa s view of a Today, regional �|�A��b��g�D�����Q>���!�;���U�u�����b�d +��p����ߎd�2�&��r��G=H��`�Ew� ����{�Ar\�%��c���|Q��ąc�mj�aF�5ƦI-&¾|* B�W���YS'�wi}M��G�M]x/>l��ֽ���D�!�_ ���eT�k&�gڑ � Emphasis is placed on opening markets, eliminating trade barriers a… stages of integration going form FTA to political integration 2. objective An increase of welfare has been recognized as a main objective of economic integration. Balassa’s five stages of regional integration 2) and breadth (i.e. The West Indies Federation (WIF) was the first major effort at regional integration. 52 June 2003 Abstract he CEMAC,(Communauté Economique et Monétaire de l’Afrique Centrale), is one of the oldest regional arrangements in Africa, consisting of Cameroon, Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, and Gabon. It lasted untilMay 31, 1962. �������� The pan-African developmental regional integration agenda has to do with regional integration for the political unification of Africa. Each of the eight (8) RECs recognized by the African Union has both legal and institutional frameworks for attaining its regional integration objectives, on behalf of its Member States. Deepening of democratic government systems. The stages of economic integration • The process of integration does not necessarily have to be gradual from one type to another this would benefit the growing number of agricultural and endobj ?���:��0�FB�x$ !���i@ڐ���H���[EE1PL���⢖�V�6��QP��>�U�(j Accepted 12 September, 2008 Regional integration is increasingly being accepted as essential in facilitating economic and political development. \�F�4���C}�[�C!�'�>d�C7�3x��u�0d�9�"��5�vCѰs�%����i��L��l���J@�uq����M��B���bƺe� Regional economic integration has enabled countries to focus on issues that are relevant to their stage of development as well as encourage trade between neighbors. В��i��#�(��᭍}e�mZXɥ?�}�5ܡ�(�!N�@*�4T(O�Y�E�ʢG�Ѐ�N��s���k��@D� 2. 17 Another possibility which arises from the use of this measure is that it can be used in relation to a regression chart constructed by K. Deutsch, L. Bliss, and A. Eckstein to provide an estimate of the distance to be traveled before reaching the ceiling of intraregional trade if a group were in fact a single state of comparable size. The rest of the world is not discriminated 6. However, the regional integration process is not necessarily smooth and linear. Accepted 12 September, 2008 Regional integration is increasingly being accepted as essential in facilitating economic and political development. 2… Free trade area.This is the most basic form of economic cooperation. The main theme running through the idea of regional integration is co-operation. Economic borders : any obstacle which limits the mobility of goods services and factors of production between countries. 3 0 obj /Length 2596 There are four main types of regional economic integration. The increase of trade between member states of economic unions is meant to lead to the increase of the GDP of its members, and hence, to better welfare. endobj An example is the North American Free Trade Agreement (NAFTA). Member countries remove all barriers to trade between themselves but are free to independently determine trade policies with nonmember nations. Preferential Trade Area. ��e~����U� qC�,��M��gN��Ɲ�l8��>ꝥ�gNmo�F��3���XQ�Lq���lj5 �����)Y�L�S�AyW�H The challenges of regional integration in Southern Africa Mark Chingono* and Steve Nakana University of Zimbabwe, P. O. �i��,iiQb,�ix Write a short answer response on the difference between Federation and the successive Regional integration is a multidimensional process which may take the form of coordination, cooperation, convergence and deep integration initiatives and whose scope extends not only to economic and trade issues but to political, social, cultural and environmental … 2 Regional integration: a still changing concept What are the Advantages of Regional Economic Integration? <>>> What Is Regional Economic Integration? /Filter /FlateDecode 1 Types of Economic Integration Bela Balassa (tUSA) L CONCEPTS AND Dk'l'I.V1ITI0\S In the WeNtern economnic liteatuwre, discussionis of the types of economic inte-gration of nationial states have cuistolalily Focused on the various stages of integratiton. Usually integration involves one or more written agreements that describe the areas of cooperation in detail, as well as some coordinating bodies representing the countries involved. They will also arrange key facts next to the appropriate stage (e.g. Review the timeline carefully, noting the years for each stage. It was not until much later that the complementarity of regional economic integration Box MP167 Mount Pleasant Harare, Zimbabwe. Economic Development and Regional Integration Details Hits: 24507 OUR VISION: This involves the transformation of the Region into an area of shared growth and development, an area of cooperation based on convergence of strategies and policies. 1.2. Stages of economic integration cyC This paper represents the opinions of the author, and is the product of professional research. 2. Regional economic integration has enabled countries to focus on issues that are relevant to their stage of development as well as encourage trade between neighbors. And Sm ith ( 2000 ) stages on the ( economic and political development tariffs! 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