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Could regional integration be a first step toward joining the global market? In a context where liberalizing trade has not produced the expected gains in developing countries and growth in global trade has not led to the expected economic growth, an alternative solution has emerged. This new paradigm suggests that trade liberalization should be accompanied by public investment. However, by its very nature, trade liberalization leads to a reduction in revenues from duties and taxes, which means that the available resources for public investments will also be reduced. There are now solid arguments for encouraging the less-developed countries to first emphasize regional integration before trying to access the global market.

This book explores the issues linked to regional integration in West Africa and presents empirical data about the experiences in = West African Economic and Monetary Union (WAEMU) countries to converge their economies. It also examines how these efforts, which make a major contribution to regional integration, influence poverty reduction in the economic and monetary community. It will be of interest to researchers working in this area.

Elias T. Ayuk is Director of the United Nations University Institute for Natural Resources in Africa in Accra, Ghana, and was formerly a senior program specialist at the International Development Research Centre. Samuel T. Kaboré is a researcher/lecturer at the Faculty of Economics and Management at the University of Ouagadougou II, Burkina Faso.

Canada’s International Development Research Centre (IDRC) supports research in developing countries to promote growth and development. IDRC also encourages sharing this knowledge with policymakers, other researchers, and communities around the world. The result is innovative, lasting local solutions that aim to bring choice and change to those who need it most.

Elias T. Ayuk is Director of the United Nations University Institute for Natural Resources in Africa in Accra, Ghana, and was formerly a senior program specialist at the International Development Research Centre. Samuel T. Kaboré is a researcher/lecturer at the Faculty of Economics and Management at the University of Ouagadougou II, Burkina Faso.

Canada’s International Development Research Centre (IDRC) supports research in developing countries to promote growth and development. IDRC also encourages sharing this knowledge with policymakers, other researchers, and communities around the world. The result is innovative, lasting local solutions that aim to bring choice and change to those who need it most.

Inhaltsverzeichnis

Frontmatter

2013 | OriginalPaper | Buchkapitel

Chapter 1. Introduction: Why Integrate?

Elias T. Ayuk, Samuel T. Kaboré

Economic convergence and fighting poverty

2013 | OriginalPaper | Buchkapitel

Chapter 2. Fifteen Years of WAEMU: Results and Strategies for the Future

Diery Seck

2013 | OriginalPaper | Buchkapitel

Chapter 3. Growth and Convergence in Africa: A Dynamic Panel Approach

Pierre Joubert Nguetse Tegoum, Pascal Nakelse, Roland Ngwesse

2013 | OriginalPaper | Buchkapitel

Chapter 4. Has There Been Real and Structural Convergence in WAEMU Countries?

Nacisse Palissy Chassem

2013 | OriginalPaper | Buchkapitel

Chapter 5. The Impact of the Convergence, Stability and Growth Pact in the WAEMU

Adama Combey, Komla Mally

2013 | OriginalPaper | Buchkapitel

Chapter 6. Real Convergence in the WAEMU Area: A Bayesian Analysis

Claude Wetta, Antoine Yerbanga

2013 | OriginalPaper | Buchkapitel

Chapter 7. The Effects of Credit Constraints on Economic Convergence: The Case of the WAEMU Countries

Abdoulaye Diagne, Abdou-Aziz Niang

2013 | OriginalPaper | Buchkapitel

Chapter 8. Free Movement of Goods in WAEMU and the European Union: Community Law a Comparative Study from the Perspective of Trade

Ousmane Bougouma

Regional financing instruments and fighting poverty

2013 | OriginalPaper | Buchkapitel

Chapter 9. The Role of Cash Transfers from Migrants in Promoting the Financing of Economic Development in WAEMU Countries

Ameth Saloum Ndiaye

2013 | OriginalPaper | Buchkapitel

Chapter 10. Efficiency of Credit That Targets the Poor: Measures and Application of Agricultural Credit in Burkina Faso

Samuel Tambi Kaboré

2013 | OriginalPaper | Buchkapitel

Chapter 11. Performance and Effectiveness of the Decentralised Financial System and Poverty Reduction in Niger

Insa Abary Noufou

2013 | OriginalPaper | Buchkapitel

Chapter 12. Financing Agriculture and the Food Crisis in Africa: What Role Can Microfinance Play?

Sandra Kendo

2013 | OriginalPaper | Buchkapitel

Chapter 13. Common External Tariff (CET) and Targeting the Poor in Mali

Massa Coulibaly, Balla Keita

2013 | OriginalPaper | Buchkapitel

Chapter 14. How Does Communication Enrich Integration Policies

Ahmed Barry, Augustin Niango, Kathryn Touré

2013 | OriginalPaper | Buchkapitel

Chapter 15. Conclusions and Prospects: Creating Wealth through Integration

Elias T. Ayuk, Samuel T. Kaboré

Backmatter

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