A common currency for countries within the economic community of West African states
- Authors: Djessou, Oze Marie Pascale
- Date: 2018
- Subjects: Economic Community of West African States , Africa, West -- Economic integration , Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/22027 , vital:29814
- Description: While the West African sub-region has progressed in its efforts to achieve sustainable development, more intensive efforts are needed to address its developmental constraints. Among these constraints, the fragmentation of the sub-continent into small and landlocked countries remain one of the structural challenges to be faced. For this reason, strengthening regional co-operation and economic integration is a significant part in the improvement of the region’s economic performance. Monetary integration, which involves the use of a common currency within the area, is part of the process of economic integration. This study reflects upon the difficulties experienced by countries within the Economic Community of West African States (ECOWAS) without a common currency to facilitate economic growth and development. The study adopted a descriptive methodology and embarked on a thorough analysis of recent and relevant secondary sources. This was done in order to determine the expected effects of a common currency in the community, as well as to evaluate the viability of a single currency in the area. The findings indicate that there are potential gains expected from the establishment of a common currency in the relevant community of countries. These gains are contingent upon the meeting of a number of preconditions. These conditions include, inter alia, the need for a multidimensional approach to regionalism, the sustainability of the fiscal policy framework in the region and a greater convergence of the ECOWAS economies.
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- Date Issued: 2018
The politics in and around governance in the New Partnership for Africa's Development
- Authors: Roussel, Jean Thierry Kevin
- Date: 2006
- Subjects: New Partnership for Africa's Development , Sustainable development -- Africa , Economic development -- Africa , Africa -- Foreign economic relations , Africa -- Economic conditions , Africa -- Politics and government
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:2827 , http://hdl.handle.net/10962/d1003037 , New Partnership for Africa's Development , Sustainable development -- Africa , Economic development -- Africa , Africa -- Foreign economic relations , Africa -- Economic conditions , Africa -- Politics and government
- Description: This study examines the prominence of the term governance and its use in multilateral organisations, in particular the New Partnership for African Development. It argues that the term governance is contentious and needs to be reviewed. This is in light of the elevation of governance as a requisite for development, which has come about through the development of NEPAD. This is primarily a study on the position of the state in multilateral regimes and how governance will affect the state and non-state actors. The politics in and around governance are therefore important in any assessment of African development as governance becomes a developmental necessity. The African Rennaisance and African Union have become ‘beacons of hope’ for Africa and these have been discussed here. We can see NEPAD as a historical development that fits into the African Renaissance. This has been a mechanism to ensure state survival and the states that drive NEPAD have played a significant role in providing legitimacy to Africa’s calls for development. This thesis attempts to explain the shift in developmental policy in that NEPAD has seemingly become the first African development strategy that has the support of the West. Through this thesis, we will examine the role that the Post Washington consensus has played in getting this phase of African development started. What becomes significant here is the way in which governance has been accepted as the gauge for support in development. This study therefore aims to offer a means by which to analyse governance in multilateral organisations. As the term is contentious, three paradigms on governance will be provided in order to refine governance in such a way that it can be applied in analysis. This thesis shows that governance can be refined into corporatist, prebendal and conciliar forms. The form of governance that NEPAD will take has implications for the type of reconfiguration of the state brought about by governance.
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- Date Issued: 2006