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020 _a9783031591815
_9978-3-031-59181-5
024 7 _a10.1007/978-3-031-59181-5
_2doi
050 4 _aHF1021-1027
072 7 _aRGCM
_2bicssc
072 7 _aSOC015000
_2bisacsh
072 7 _aRGCM
_2thema
100 1 _aOfori-Amoah, Benjamin.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_978703
245 1 4 _aThe African Continental Free Trade Area
_h[electronic resource] :
_bProspects, Problems and Challenges /
_cby Benjamin Ofori-Amoah.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2024.
300 _aX, 217 p. 26 illus., 8 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aChapter 1. Introduction -- Chapter 2. Perspectives on International Trade and Development -- Chapter 2. Regional Trade Agreements: Theory, Aspirations, and Realities -- Chapter 3. The Economic Community of West African States -- Chapter 4. The Economic Community of Central African States -- Chapter 6. The Southern African Development Community -- Chapter 7. The Community of Sahel-Saharan States -- Chapter 8. The East African Community -- Chapter 9. The Common Market for Eastern and Southern Africa -- Chapter 10. Other Regional Trade Agreements -- Chapter 11. Conclusion.
520 _aIn March of 2018, 44 African countries signed the African Continental Free Trade Area agreement (AfCFTA) to launch what is considered as the largest free trade area in the world. The signing of the agreement has been hailed as a major breakthrough for African development by African countries and organizations as well as external observers of African affairs. This is not the first time African countries have proposed a new organizational and institutional structure for development. African countries have signed at least 13 regional trade agreements (RTAs) for intraregional trade since 1959. However, the track record of these groups has been relatively mediocre compared to RTAs elsewhere. Thus, Africa has the lowest percentage of intracontinental trade in the world. This volume evaluates the prospects and challenges for the AfCFTA through a deep-dive assessment of previous trade blocs on the African continent and of regional free trade areas in other parts of the world. The central question of the book is this: If pre-AfCFTA trade blocs in Africa did not encourage more intracontinental trade, what guarantees that the AfCTA will? The formation of the AfCFTA will definitely remove overlapping membership that existed with previous trading blocs on the continent, but what is different about the AfCFTA that will get rid of cumbersome regulation, boost manufacturing, and create jobs? This book argues that the dreams of AfCFTA will not be realized unless African countries make efforts to address the industry mix of their economies and to enforce the rules and regulations they set down on paper.
650 0 _aEconomic geography.
650 0 _aAfrica
_xEconomic conditions.
_970538
650 0 _aEconomic policy.
_958351
650 1 4 _aEconomic Geography.
650 2 4 _aAfrican Economics.
_970540
650 2 4 _aEconomic Policy.
_958351
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031591808
776 0 8 _iPrinted edition:
_z9783031591822
776 0 8 _iPrinted edition:
_z9783031591839
856 4 0 _uhttps://doi.org/10.1007/978-3-031-59181-5
912 _aZDB-2-SLS
912 _aZDB-2-SXS
999 _c60732
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