SADC: Post-Covid recovery in the South Africa Development Community

Trade integration is a prerequisite for the success of any economic integration project. The factors hindering trade integration therefore constitute a bottleneck to the economic integration project of the countries of the Economic Community of West African States (ECOWAS), which is an effective means of coping with the substantial expansion of sub-regional food demand. The aim of this paper is to highlight the factors that constrain trade flows and increase the cost of trade in the ...

Partout dans le monde, l'intégration économique régionale permet d'accélérer la croissance et le développement en apportant une panoplie d'avantages liés à une meilleure coopération politique, à un commerce intra-régional accru et à la création d'emplois. Les régions qui sont plus intégrées se sont révélées capables de connaître une croissance plus rapide et ont fait preuve d'une plus grande capacité d'adaptation en période de ralentissement de l'économie mondiale. Alors que l'écono ...

The government of Argentina’s new president, Mauricio Macri, has many challenges ahead. In the initial 10 months of his government, he has devalued the currency, lifted significant trade and capital barriers, and launched conversations with international investors and creditors, and has changed international perceptions toward Argentina. Macri’s election immediately generated a positive reaction from the private sector toward the new government. However, indicators for 2016 show a w ...

Le présent ouvrage se propose d’apporter quelques éléments d’appui supplémentaires aux policy-makers pour une meilleure identification des défaillances des marchés au Maroc et une mise en place d’une stratégie de diversification et une politique industrielle efficientes, sans toutefois tomber dans la situation inverse où une stratégie mal définie et des outils mal choisis peuvent se traduire par une défaillance des politiques publiques. L’appréhension des difficultés qu’éprouve l’é ...

We develop an interregional computable general equilibrium model to help assess the ex ante impact of transportation infrastructure policies in Egypt. The model is integrated with a GIS network. We illustrate the analytical capabilities of the model by looking at the domestic integration of the country. Improvements of transportation costs among Egyptian governorates and of their links to the broader world economy are considered in stylized simulations. The results provide quantitat ...

Morocco is now more than ever threatened by the trap of middle-income economies. On one hand, it is caught between increased competition from low-income countries in low productivity and labor-intensive sectors and, on the other hand, the difficulty of accelerating its pace of structural transformation towards activities with higher value added and higher technological content. International experience shows that few countries have managed to climb to the status of an advanced econo ...

Emerging market economies (EM) as a special class of financial assets have recently been subject to two competing tales. On the one hand, there is evidence of continued financial deepening and further integration within the global financial system, while the offer of higher yields remains hard to find elsewhere. On the other hand, there are frequent bouts of fear of systemic unwinding of positions triggered by investors “exiting” EM that exhibit signs of weak or unclear macroeconomi ...

Housing is part of the United Nations 11th Sustainable Development Goal, which is to “make cities inclusive, safe, resilient and sustainable”. One of the most important targets of such a goal is to “ensure access for all to adequate, safe and affordable housing1 and basic services and upgrade slums”. Since 2007, the world has faced rising inequality, insecurity and climate change impact. According to UN Habitat, 54% of the world´s population currently live in cities. By 2050, this n ...

Guinea’s bauxite, Moroccan phosphates, Nigerian Bonny Light, Zambian copper, Côte d'Ivoire’s cocoa, Ethiopian coffee or Madagascar’s vanilla: all are examples demonstrating that raw materials have a dimension that is as global as it is local. Global by the markets on which they are traded, local by their quality, a key element of their price, and their macroeconomic impact, particularly for Africa. In line with the 2016 CyclOpe report, which celebrates three decades of existence thi ...

Le bassin Atlantique occupe une place stratégique dans l’économie mondiale vu le poids systémique que représente la partie Nord de la région. Néanmoins, cet espace demeure très hétérogène avec des écarts importants entre les économies qu’il englobe. Les analyses menées dans ce Brief montrent également le manque de synchronisation du cycle économique entre les pays de la région mais surtout le faible degré d’intégration commerciale et financière de la partie africaine du bassin. En o ...