Economic development through regional trade : a role for the new east African community? /

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Bibliographic Details
Imprint:Houndmills, Basingstoke ; New York : Palgrave Macmillan, 2012.
Description:xvii, 263 p. : ill. ; 23 cm.
Language:English
Subject:
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/8773633
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Other authors / contributors:Kimbugwe, Kato.
ISBN:9780230314214
023031421X
Notes:Includes bibliographical references and index.
Summary:"Regional trade agreements proliferated in Africa in the wake of independence from colonial rule. For the most part these agreements failed to deliver the regional integration and economic benefits that were promised, and amounted to little more than a propaganda coup for the leaders that signed them. This book explores conventional explanations of the failure of these agreements, and challenges the accepted wisdom, highlighting the symbiotic relationship between "Big Man" politics and crony capitalism. The rise of second generation regional trade agreements in the first decade of the twenty-first century emphasises the pressing need for a revised assessment of the aims, consequences and scope of these agreements. This book focuses on the revitalized East African Community to examine the potential benefits of modern agreements to foster economic development and the hurdles that must be overcome to realize this potential"--
Table of Contents:
  • List of Tables
  • List of Figures
  • List of Abbreviations
  • Preface
  • 1. 'Big Men' and Little Trade
  • 1.1. Big Men and trade agreements
  • 1.2. Thwarting trade liberalization
  • 2. Regional Trade and Economic Development
  • 2.1. What is regional integration?
  • 2.2. Growth of regionalism
  • 2.3. Background to the theory of regional integration
  • 2.4. The theory of competitive advantage
  • 3. Regional Integration in Africa
  • 3.1. Introduction
  • 3.2. Historical perspective of regionalism in Africa
  • 3.3. Regional assessment of competitiveness in Africa
  • 3.4. Competitiveness in East Africa
  • 3.5. Previous studies on the EAC
  • 3.6. Regional integration in East Africa
  • 3.7. Conclusion
  • 4. Regional Integration Theory
  • 4.1. Introduction
  • 4.2. Evolution of regional integration theory
  • 4.3. Static theory of integration: Viner's contribution
  • 4.4. Theory of 'second best' and Meade's contribution
  • 4.5. Dynamic theory of integration
  • 4.6. Deep integration
  • 4.7. Developmental regionalism
  • 4.8. Extension of the theory within the NTB context
  • 4.9. Integration and barrier effects of a customs union
  • 4.10. Conclusion
  • 5. East African Firms' Perceptions of NTBs
  • 5.1. Introduction
  • 5.2. Survey sample and response rates
  • 5.3. The respondents
  • 5.4. Survey results
  • 5.5. NTB incidence, level and effects
  • 5.6. Information asymmetry as a barrier
  • 5.7. Market access and awareness
  • 5.8. The cost effects of barrier removal
  • 5.9. Revenue effect of barrier removal
  • 5.10. Level of optimism regarding the benefits of a re-invigorated EAC
  • 5.11. Firms' strategies in adapting to NTB removal
  • 5.12. Analysis of the survey results
  • 5.13. Importance of information asymmetry
  • 5.14. Cost reduction
  • 5.15. Effects on sales and revenue
  • 5.16. Opportunities and risks in the EAC
  • 5.17. Strategic direction
  • 5.18. Conclusion
  • 6. Quantifying NTBs
  • 6.1. Introduction
  • 6.2. Review of the effects of barrier removal
  • 6.3. Cost effects of barrier removal from the perceptions survey
  • 6.4. Results of cost effects from the survey
  • 6.5. Results of partial equilibrium analysis
  • 6.6. The impact of barrier removal on Uganda
  • 6.7. The impact of barrier removal at the EAC level
  • 6.8. Impact of barrier removal on external trade (RoW)
  • 6.9. Analysis of results
  • 6.10. Conclusion
  • 7. Quantifying Tariff Barriers
  • 7.1. Introduction
  • 7.2. Overview
  • 7.3. Uganda's tariff structure, 1997-2005
  • 7.4. Trade in Category B products
  • 7.5. Quantitative results
  • 7.6. Effects at sub-sector and product level
  • 7.7. Analysis of results
  • 7.8. Conclusion
  • 8. Conclusion
  • 8.1. Introduction
  • 8.2. Empirical findings
  • 8.3. Theoretical implications
  • 8.4. Policy implications and recommendations
  • 8.5. The perils of ignoring the symbiotic relationship between Big Men and their cronies
  • Appendix: The Survey Instrument
  • Notes
  • References
  • Index