Publications /
Annual Report
Book / Report

Back
ATLANTIC CURRENTS: 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

  • From

    15
    6:00 pm July 2022
    L'impact du COVID-19 sur le marché du travail : Une perspective marocaine L’apparition de de la COVID-19 a engendré une crise sanitaire mondiale, qui s’est rapidement transformé à d’autres crises bouleversant le vécu des humains de par la planète. En ce qui concerne les marchés mondiaux, notamment du travail, les incertitudes ont fortement impacté les comportements des agents. Aussi, les mises sous restrictions, totales ou partielles, des facteurs de production ont eu leur incidence sur l’activité globale -via différents canaux -, y compris celle des acteurs du marché du travail. À court terme, la pandémie est synonyme de fortes perturbations pour les citoyens et les marchés du travail. Celles-là concernent les revenues et les dépenses des particuliers comme elles portent su ...
  • Authors
    June 27, 2022
    Hardly any declaration of war against Russian culture Dostojevsky, Tolstoy, Pasternak, Pushkin, Nabokov, Turgenev, icons of Russian literature, breathing the soul of mother Russia, the depth of heavy historical burdens and despair, touched by nostalgia for Holy, Imperial Russia and cruelty of dictators like Stalin, the national conscience and pride wounded by invasions of Nazi Germany and Napoleon. Rachmaninov, Prokofiev, Shostakovich, Tchaikovsky, Mussorgsky, Rachmaninoff, revelat ...
  • Authors
    June 24, 2022
    In its May 15th meeting, the Federal Open Market Committee of the U.S. Federal Reserve (Fed) lifted its benchmark policy rate by 0.75% to 1.50%–1.75%, the biggest increase since 1994. The central bank also signaled an additional increase of 0.75% ahead. FOMC members also raised the median projection for the Fed funds rate to a range between 3.25% and 3.50% next year. In addition to hikes in basic interest rates, liquidity conditions in the US economy will also be affected by the sh ...
  • Authors
    Rishita Mehra
    June 24, 2022
    For today’s middle-income countries in Africa, innovation is essential to sustain growth and promote the transition to high-income status. This paper begins by providing an in-depth review of the region’s innovation performance during the last three decades. A distinction is made between residents and non-residents, and outcomes at different income levels. Using cross-country regressions, we then study the determinants of innovation and assess the impact of innovation on growth in t ...
  • June 24, 2022
    At the 2005 World Summit, the Responsibility to Protect (R2P) doctrine emerged as a formalized and multilateral way for states to protect populations under the threat of war crimes, crime ...
  • June 21, 2022
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء" لمناقشةوضعية اللاجئين بإفريقيا خلال عام 2022 مع محمد لوليشكي، باحث بارز بمركز السياسات من أجل الجنوب الجديد يحتفي العالم كل 20 يونيو من كل عام باليوم العالمي للاجئين، بينما أفادت مفوضية الأمم المتحدة لشؤون ال...
  • Authors
    June 21, 2022
    Oil dominates Nigeria’s economy- “Africa’s Giant”. Oil revenues are both a blessing and a curse: a blessing because they are the single most important contributor to government revenues; a curse because, through the Dutch Disease, they undermine the productivity and competitiveness of other non-oil sectors, primarily agriculture and agri-processing; and manufacturing, two major sources of non-oil employment and incomes. Since Nigerian governments did not try to counter the Dutch Dis ...
  • June 20, 2022
    From socio-economic crises to the scourges of war, through natural disasters and environmental degradation, the world's history is marked by events leading to mass migration, exacerbating the phenomenon of climate refugees. Today, environmental phenomena prompt many inhabitants to choose exile in search of more stable horizons. It is essential to note that no legal text, either global or regional, considers the case of climate refugees. Given the lack of a specific legal regime for ...