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Free Trade Area of the Common Market for Eastern and Southern Africa
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This text addresses the prospects and challenges of the free trade area of the Common Market for Eastern and Southern Africa. In a broad context, therefore, it focuses on one of the most important challenges to world trade in the 21st century, especially for Africa and the developing world, namely the question of regional trade integration. The most extant theoretical and empirical aspects of the question are integrated with institutional and policy issues. The analysis is illustrated through examples from a sample of African economies. The book concludes by proposing the vision and appropriate strategies for advancing the regional trading arrangements by COMESA. It is hoped that the work will make a timely contribution not only to our understanding of the prospects and challenges of regional trading arrangements in Africa but also to the paradigm of regional trade integration in developing countries. The book is comprehensive in coverage and attempts to strike a balance between the theory, evidence and policy issues.
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