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Regional preference within Africa?

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.

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Regional preference within Africa?

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  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. Fischer, 2007

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