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Trade and Investment in East AfricaEAC Integration: Evidence-Based Policy in Difficult Times

Trade and Investment in East Africa: EAC Integration: Evidence-Based Policy in Difficult Times [This chapter addresses challenges in the legal, political, institutional, and cultural domains offering suggestions and policy proposals based on a discussion of the history of the EACEast African Community (EAC), its ups and downs, and its current outlook. We provide an overview of protocols for the different stages of economic integrationEconomic integration from a customs unionCustoms Union via a common market, and a monetary unionMonetary Union to the ultimate goal of a political federationPolitical federation. Progress has been slower than originally planned and asymmetries threaten to undercut support towards integration, among the citizens of some partner states and sometimes to local apathy towards the EACEast African Community (EAC) and a lack of policy coherence. A shared history, customs, geography, the need to re-evaluate and balance sovereignty in a federation, as well as the need to invest in transboundary resources and infrastructure incentivize greater integration by enabling the building of an economic and political rationale for improved regional prosperity, employment, trade, security, and stability. The EAC’sEast African Community (EAC) willingness to take up new challenges is a reason for cautious optimism.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Trade and Investment in East AfricaEAC Integration: Evidence-Based Policy in Difficult Times

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Publisher
Springer Nature Singapore
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2022
ISBN
978-981-19-4210-5
Pages
21 –39
DOI
10.1007/978-981-19-4211-2_2
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter addresses challenges in the legal, political, institutional, and cultural domains offering suggestions and policy proposals based on a discussion of the history of the EACEast African Community (EAC), its ups and downs, and its current outlook. We provide an overview of protocols for the different stages of economic integrationEconomic integration from a customs unionCustoms Union via a common market, and a monetary unionMonetary Union to the ultimate goal of a political federationPolitical federation. Progress has been slower than originally planned and asymmetries threaten to undercut support towards integration, among the citizens of some partner states and sometimes to local apathy towards the EACEast African Community (EAC) and a lack of policy coherence. A shared history, customs, geography, the need to re-evaluate and balance sovereignty in a federation, as well as the need to invest in transboundary resources and infrastructure incentivize greater integration by enabling the building of an economic and political rationale for improved regional prosperity, employment, trade, security, and stability. The EAC’sEast African Community (EAC) willingness to take up new challenges is a reason for cautious optimism.]

Published: Nov 2, 2022

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