Series: IMF Special Issues
Author(s):
Sanjeev Gupta
, and
Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2005
ISBN: 9781589064393
Over the past decades, African countries have set ambitious goals for their regional trade arrangements, but the results have so far fallen short of expectations. Most African RTAs started with a low level o...
Series: IMF Special Issues
Author(s):
Sanjeev Gupta
, and
Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2005
ISBN: 9781589064393
A. Have RTAs Helped Increase Intraregional Trade?
Time-series data show that the impact of the RTAs on intra-African trade seems to have been small or insignificant. As a share of th...
Series: IMF Special Issues
Author(s):
Sanjeev Gupta
, and
Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2005
ISBN: 9781589064393
Africa is home to some 30 regional trade arrangements (RTAs), many of which are part of deeper regional integration schemes.
1
On average, each African country belongs to four RTA...
Series: IMF Special Issues
Author(s):
Sanjeev Gupta
, and
Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2005
ISBN: 9781589064393
The generally disappointing record of African RTAs warrants a reexamination of the underlying assumptions. Is the record disappointing because no preconditions were established to make the RTAs beneficial, d...
Series: IMF Special Issues
Author(s):
Sanjeev Gupta
, and
Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2005
ISBN: 9781589064393
A. Global Background
RTAs have been proliferating exponentially throughout the world. Nearly all countries now participate in at least one RTA, and approximately 300 RTAs, both bilat...
Series: IMF Special Issues
Author(s):
Sanjeev Gupta
, and
Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2005
ISBN: 9781589064393
The discussion so far highlights the need to take a broad perspective in thinking about how to make African RTAs work better. Careful design and sustained implementation are necessary to make any RTA deliver...
Series: IMF Special Issues
Author(s):
Sanjeev Gupta
, and
Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2005
DOI: http://dx.doi.org/10.5089/9781589064393.058
ISBN: 9781589064393
In recent years, African policymakers have increasingly resorted to regional trade arrangements (RTAs) as a substitute for broad-based trade liberalization. This trend has long-term implications for the effectivene...
Series: IMF Special Issues
Author(s):
Sanjeev Gupta
, and
Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2005
ISBN: 9781589064393
In recent years, African policymakers have increasingly resorted to regional trade arrangements (RTAs) as a substitute for broad-based trade liberalization. This trend has long-term implications for the effectivene...
Series: IMF Special Issues
Author(s):
Sanjeev Gupta
, and
Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2005
ISBN: 9781589064393
In recent years, African policymakers have increasingly resorted to regional trade arrangements (RTAs) as a substitute for broad-based trade liberalization. This trend has long-term implications for the effectivene...
Volume/Issue: 2005/36
Series: IMF Working Papers
Author(s):
Yongzheng Yang
, and
Sanjeev Gupta
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
February
2005
DOI: http://dx.doi.org/10.5089/9781451860559.001
ISBN: 9781451860559
Regional trade arrangements (RTAs) in Africa have been ineffective in promoting trade and foreign direct investment. Relatively high external trade barriers and low resource complementarity between member countries...
