Tag Archives: Economic Integration

Economic and Financial Integration of Arab Countries: Presence and prospective (Review Completed - Accepted)

Under present circumstances ,there is an increasing importance of Arab countries to be economically and financially integrated as this will lead these countries to cope with the ever growing international economic and financial blocs. Among these is the giant E.U. ,NAFTA , and APEC economic blocs . Economic blocks with collective self-reliance have many positive effects in terms of decision-making in various fields on both the local and international levels . The international rapid developments and changes are bound to have a negative effect on individual Arab State economies because they are facing giant economic blocs. This is the era of international financial and economic blocs. The integration between the Arab countries will lead to reduce the gap with international economic blocs and to face the negative effects of the phenomenon of globalization and other challenges . An Arab economic bloc will have many

benefits that will be accrued by the Arab countries in the future. However, different accelerating conditions and developments may have big negative impacts on the Arab individual economies when facing and probably compete with these giant blocs. Economic integration and self dependence among Arab Countries would lessen the gap between the predetermined Arab bloc and global economic blocs and make Arabs able to face the negative influences of globalizations and other challenges. The main aim of this study is to focus on the realities of Arab economic and financial integration prospects and how to face all the challenges of the twenty-first century in order to become, economically, financial and Politically integrated and strong

 

Keywords: Economic Blocs, Economic Integration, Financial Integration, Integration Barriers

Impact of BIMSTEC trade agreement on strengthening export performance of Indian firms: An Empirical Assessment (Review Completed - Accepted)

Regional trade and economic integration has affected the firm level decision making in assessing the destination for investment. In this paper the focus is to assess the probable impacts of the BIMSTEC on the export performance of Indian firms. While doing so, it has been explored that a lot of other factors also facilitate the exports which are also being considered. The paper considers the study of those Indian firms who exports in the member economies of the BIMSTEC. The study evaluates such major macro parameters firms should consider crucial while improving their exports. The empirical study carried out for the Indian firms provide interesting insights and relates to designing successful marketing strategies for improving the export performance of the Indian firms expanding their markets in the region.

Keywords: Economic Integration, Empirical Studies of Trade, Multinational Firms

Impact of ECOWAS Protocols on Political and Economic Integration of the West African Sub-Region (Published)

This paper analysed the impact of the ECOWAS protocols and programmes on political and economic integration of West African sub-region. The desk review method was adopted in this paper, while information contained therein were obtained from relevant literatures’. The paper evaluated the implementation of the various protocols and programmes that constitute the main integrative instruments of ECOWAS from 1975 – 2007. These include protocols and programmes relating to free movement of persons, trade liberation, monetary cooperation, transport, telecommunication, conflict resolution, energy and power and ECOWAS Court of Justice. The paper observed that although the necessary structures have been put in place, ECOWAS is yet to achieve complete implementation in some of the main integrative instruments. It was also observed that some of the programmes have negative impacts on the sub-region. The partial implementation achieved in free movement of persons and goods is not yielding expected benefits due to lack of political will and administrative bottleneck in implementing the various protocols and programmes placed by member-states. In spite of these shortcomings, ECOWAS has made some remarkable progress in its drive to regional integrations. The paper recommends among others that ECOWAS should source for fund internally by ensuring that member-nations pay their dues. ECOWAS leaders should practice good and transparent governance in their countries to reduce occurrences of conflicts in the region.

Keywords: Development, ECOWAS Institutions, Economic Integration, Political Integration, Security