Regional preference within Africa?

1
Regional preference within Africa?

• Africa's non-oil exports are concentrated in a
  few products, none of them important regional
  imports.
• There is relatively little intra-African trade
  and the mismatch between African exports and
  imports cannot quickly change.
• Moreover, intra-African trade is highly
  concentrated, geographically, with almost no
  trade between East and West Africa.
• This finding makes less compelling the arguments
  that regional trade can help overcome problems of
  small domestic markets.
• Giving preference to imports from other African
  countries risks making your own exports
  uncompetitive in the world market
• In short, regional trade agreements seem to
  present Africa with a "lose-lose" situation.

Yeats, 1998
2
Fig. 19.5
3
Exchange rate regimes the shift from the centre
Fischer 2001
4
(No Transcript)
5
(No Transcript)
6
Fischer, 2007
7
(No Transcript)
8
(No Transcript)
9
(No Transcript)