464 DB 2.docx - Currently Africa is involved in a mass...

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Currently Africa is involved in a mass number of Regional Trade Agreements, but this excerpt will address 5 primary RTA’s, and each challenge and benefit that the specific RTA presents. FIVE RTA’S The first RTA is the South African Development Community, or better abbreviated as SADC. According to the author, Dr. Erlank, the SADC provides a number of benefits to involved African states. The benefits of the SADC include development and economic growth, enhancement of the quality of life, evolvement of common political values, and increased employment (Erlank, 2014, p. 16). These benefits are only a few major positives that are directly associated with the SADC. On a more specific note, the SADC provides a major benefit by protecting infant economies in underdeveloped member nations, which allows for these economies to develop without a direct fear of an economic crash (Erlank, 2014, p. 16). On the opposing side, SADC also creates a number of challenges, outside of the positive results. A main challenge of the SADC is the adherence to protocol, but lack of formal enforcement. Erlank (2014, p.16) states that, “the SADC works by way of protocol and it is stated that countries shall such protocols as may be necessary”. In essence, the SADC stand strong within their protocols, but calls on the states to implement as they see fit which leaves a wide area for interpretation. Overall, The SADC is a key African RTA because of the beneficial effects produced, but the SADC creates a challenge by lack of direct enforcement. The second RTA is the Common Market for Eastern and Southern Africa, or formally known as COMESA. COMESA is the largest RTA, compromising twenty member states and has a plethora of arising benefits. COMESA promotes a more balanced and in sync development of production
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  • Fall '11
  • CalvinSmith
  • International Trade, African Union, East African Community, African Economic Community, Economic and monetary union

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