Challenges For An Effective Integration Within The CEMAC Sub-Region
Challenges Facing the Central Africa Regional Economic Community
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The Central African Economic and Monetary Community, CEMAC, is yet to fully implement functional and mutually beneficial economic policies to facilitate trade and economic cooperation and progressively advance towards a common market as envisaged since 1999. With a population of about 40 million, a common currency, constituted transnational institutions, the CEMAC has intriguingly continued to lag behind its objectives. The question herein is therefore what are the challenges the sub region is encountering and what need to be done to deal with these. The method employed to gauge the above is q...
The Central African Economic and Monetary Community, CEMAC, is yet to fully implement functional and mutually beneficial economic policies to facilitate trade and economic cooperation and progressively advance towards a common market as envisaged since 1999. With a population of about 40 million, a common currency, constituted transnational institutions, the CEMAC has intriguingly continued to lag behind its objectives. The question herein is therefore what are the challenges the sub region is encountering and what need to be done to deal with these. The method employed to gauge the above is qualitative. The political rivalry, lack of economic data specifics, tardiness, and the overall poor policy implementation come into sight as core challenges. In sum, it emerges from the study that such diverse political, economic, and socio-cultural impediments would necessitate a multispectral approach to recommendations for remedial reconstruction by all stakeholders for a truly integratedCEMAC sub region. This book discusses issues around regional integration, policy formulation and implementation, trade blocs, common market and economic cooperation.
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