Publications /
Annual Report
Book / Report

Back
ATLANTIC CURRENTS 3rd EDITION: An Annual Report on Wider Atlantic Perspectives and Patterns
Authors
December 13, 2016

The authors of the Atlantic Currents report cross-examine the trends and challenges of the Atlantic space under different perspectives, driven by the desire to move away from the North-South divisions and influences. Among the factors that motivate the communities in the Atlantic basin to co-operate with each other, we find the succession of financial and banking crises (now economic), which have destabilized nearly if not all the countries of the globe since 2008, more specifically those of the Atlantic basin.

Among the themes and topics to be discussed, the potential elaboration of an African Atlantic community with a specific role in the continental architecture stands out. Opportunities (natural resources, mining, agriculture, etc.) as well as the obstacles (historical memory, security, institutional organization, etc.) to the creation of common African agendas are also highlighted. According to the analysis in Atlantic Currents, African economies are the least integrated with one another, while the total trade figures of the Atlantic basin economies show 58.5%. The banking sector, often dominated by foreign players, has seen the emergence and establishment on the African continent of several banks such as those of Morocco, Nigeria and South Africa in the last 10 or 15 years. It is important to note that these countries have not only acquired a sophisticated banking sector but also have diversified the industry.

In the case of Morocco, Attijariwafa Bank, BMCE Bank and Banque Populaire are among the most established banking groups in Africa. These banks are the driving force behind the growth of Moroccan investments on the continent.
The report also deals with the new EU Global Strategy (EUGS) and its implications for the African continent. The document also dives into the state of EU-Africa relations, current challenges and areas of priority collaboration. In addition to recommendations for improving EU-Africa relations other chapters will analyze the economic integration of Africa, an important and relevant solution in the face of persistent crises. China, India and the EU, for example, are opting for this type of agenda, while Morocco and South Africa have taken the lead as principal investors in their continent.

The security aspect is not to be outdone since the author draws a distinction between the North Atlantic countries (having experience in this field with actors such as Europol) and the less institutionalized countries in the South Atlantic, which makes the exercise of cooperation more difficult. Moreover, the stakes of the green energy revolution are contemplated, taking into account both the ample financial resources to be introduced, but also the necessary political frameworks that must be carefully implemented by the countries in order to achieve the set objectives. It also highlights the motivations and incentives that encourage some financial players (and sometimes their governments) to tap into specific financial spheres rather than others.

RELATED CONTENT

  • November 25, 2022
    Le présent travail s’intéresse à la question de l’accompagnement et la réintégration des travailleuses marocaines saisonnières en Espagne. Il met en avance l’existence de déficits à plusieurs niveaux. Des plus importants sont : une inclusion financière et un accompagnement en matière de renforcement de l’employabilité ; un accompagnement en matière d’alphabétisation financière ; un accompagnement en matière de création, et post-création, d'activités génératrices de revenus ; un acco ...
  • Authors
    Saloi El Yamani
    Sabrine Emran
    November 25, 2022
    In a global context shaped by a three-dimensional crisis: the Covid-19 crisis, the climate change crisis, and the Russia-Ukraine war, the issues of connectivity, value chains, and the green transition are at the heart of the current policy debates all over the globe. In this regard, the Policy Center for the New South has organized, jointly with the Istituto Affari Internazionali (IAI), a conference on November 2nd, 2022, under the theme “Connectivity, Value Chains, and the Green Tr ...
  • November 24, 2022
    This chapter was originally published in the book "Africa–Europe Cooperation and Digital Transformation", co-edited by Chux Daniels, Benedikt Erfoth, and Chloe Teevan Since the mid-2010s, North African countries have been pursuing what some observers have called a “return to Africa” (Dworkin, 2020). Egypt, Morocco, and Tunisia have attempted to position themselves as major components of Europe- Mediterranean-Africa infrastructure and supply chains corridors (Tanchum, 2020). The thr ...
  • November 22, 2022
      يعتمد مشروع قانون المالية لسنة 2023 أولويات يمكن تلخيصها في أربعة محاور تهم "ترسيخ ركائز الدولة الاجتماعية، وإنعاش الاقتصاد الوطني من خلال دعم الاستثمار، وتكريس العدالة المجالية، واستعادة الهوامش المالية من أجل ضمان استدامة الإصلاحات". ونظرا لأهمية النظام الضريبي في تحقيق الانتعاش ا...
  • Authors
    November 22, 2022
    The US dollar has risen dramatically in value against other currencies recently. Three channels through which factors affecting bilateral exchange rates operate have been pulling up the U.S. dollar: yield differentials, liquidity differentials, and growth differentials. The strong appreciation of the US dollar against other currencies recently reinforced the contractionary pressures present in the global economy. Ultimately, the “turn” or “pivot” of the dollar will most likely occur ...
  • Authors
    November 17, 2022
    This piece examines the role of labor and religious movements in the face of the “informalization” of the African economy. How does the growth of an informal sector set back class formation and labor activism? How will the rise of economic networks outside formal economic and political channels affect state capacity? Can labor unions develop organizational independence if the labor market is segmented with a growing number of informal workers? What happens when labor market “insider ...
  • Authors
    November 17, 2022
    Africa is acutely affected by the ongoing global democratic recession. In 2020, a military coup took place in Mali. In 2021, four African countries – Chad, Mali, Guinea, and Sudan - experienced military takeovers. Thus far, in 2022, two coups have occurred in Burkina Faso and an attempted one in Guinea Bissau. Yet polling data and activism on the ground shows African youth believe in and are prepared to fight for democracy. ...