Abstract
This article discusses the implications of the introduction of the Common External Tariff on the dynamism of economic and regional integration in the WAEMU zone. The sample includes eight countries and covers the period from 1990 to 2014. The study is based on the econometric approach of panels. The results suggest that the common external tariff has significantly contributed to strengthen the dynamism of the economic and regional integration in the Economic and Monetary Union of West Africa. These results show that the WAEMU countries have an interest in developing new Community mechanisms conducive to strengthen the integration within them. > Transformational leadership does not significantly affect technology transfer effectiveness. tor in Egypt. rsonal authority of the leader; On technology transfer effectiveness.
Highlights
Regional integration remains the key strategy that will enable African governments to accelerate the transformation of their fragmented small economies, to expand their markets, to extend the continental economic space and to reap the benefits of economies of scale in benefit of the production and trade, by increasing the maximum prosperity for their nations (Krugman, 2010)
It is true that regional integration must go through the strengthening of the legal and institutional framework, but if that technical device does not coincide with real economic integration, it is obvious that regional integration structure will appear as an empty shell (Gillis, 2008)
The Treaty signed in Dakar in January 1994 and establishing WAEMU is the act of major economic policy laid down by the Conference of Heads of Member States of the WAMU in support of the change in the parity of the CFA franc
Summary
Regional integration remains the key strategy that will enable African governments to accelerate the transformation of their fragmented small economies, to expand their markets, to extend the continental economic space and to reap the benefits of economies of scale in benefit of the production and trade, by increasing the maximum prosperity for their nations (Krugman, 2010). The Treaty signed in Dakar in January 1994 and establishing WAEMU is the act of major economic policy laid down by the Conference of Heads of Member States of the WAMU in support of the change in the parity of the CFA franc. It was created between the Member States (Article 4 of the Treaty), a common market, based on the free movement of persons, goods, services, capital and the right of establishment for self-employed persons or employee. The term common external tariff refers to the implementation in the Member States of a customs union of the same tariff to goods from third countries
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