1 / 9

Regional preference within Africa?

Regional preference within Africa?. Africa's non-oil exports are concentrated in a few products, none of them important regional imports. There is relatively little intra-African trade and the mismatch between African exports and imports cannot quickly change.

anise
Download Presentation

Regional preference within Africa?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Regional preference within Africa? • Africa's non-oil exports are concentrated in a few products, none of them important regional imports. • There is relatively little intra-African trade and the mismatch between African exports and imports cannot quickly change. • Moreover, intra-African trade is highly concentrated, geographically, with almost no trade between East and West Africa. • This finding makes less compelling the arguments that regional trade can help overcome problems of small domestic markets. • Giving preference to imports from other African countries risks making your own exports uncompetitive in the world market • In short, regional trade agreements seem to present Africa with a "lose-lose" situation. Yeats, 1998

  2. Fig. 19.5

  3. Exchange rate regimes: the shift from the centre Fischer 2001

  4. Fischer, 2007

More Related