Macroeconomic policy and trade integration in Southern Africa
The aim of this paper is to determine if macroeconomic policy convergence amongst member countries of the Southern African Development Community (SADC) is required for establishing and sustaining a free trade area (FTA). The paper also investigates whether a restraining mechanism is required in order to compel member countries to have compatible macroeconomic policies. The paper finds that macroeconomic policy convergence is not necessary for establishing an FTA, but is necessary for sustaining an FTA over time. The paper also finds that a credible collective agency of restraint against macroeconomic divergence must be created by SADC governments to ensure that SADC, as a free trade area is sustained.
South Africa: free trade area, macroeconomic policy
In order to set up a list of libraries that you have access to,
you must first login
or sign up.
Then set up a personal list of libraries from your profile page by
clicking on your user name at the top right of any screen.