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An economic integration zone for the East African Community : exploiting regional potential and addressing commitment challenges

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  • Dobronogov, Anton
  • Farole, Thomas

Abstract

Integration in the East African Community offers significant opportunities not only to expand trade among member states, but more importantly to scale up regional production to take advantage of much larger global market opportunities. Special economic zones are a potentially valuable instrument to facilitate the integration of regional value chains in support of this scaling up. They also have the potential to deliver powerful demonstration effects on the benefits of integration and to help entrench the integration process. This paper discusses the proposal for developing an"economic integration zone"in the East African Community. The benefits of such a zone could be substantial, as would be the practical challenges to implementation -- in particular the political economy challenges. However, a number of institutional and commercial solutions exist to address these challenges.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 5967.

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Date of creation: 01 Feb 2012
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Handle: RePEc:wbk:wbrwps:5967

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Related research

Keywords: Debt Markets; Emerging Markets; Economic Theory&Research; Banks&Banking Reform; Public Sector Economics;

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  1. Thomas Farole & Gokhan Akinci, 2011. "Special Economic Zones : Progress, Emerging Challenges, and Future Directions," World Bank Publications, The World Bank, number 2341, October.
  2. Riccardo Crescenzi & A. Rodriguez-Pose & Michael Storper, 2007. "The geographical processes behind innovation: a Europe-United States comparative analysis," Departmental Working Papers of Economics - University 'Roma Tre' 0081, Department of Economics - University Roma Tre.
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Cited by:
  1. AfDB AfDB, . "The Africa Competitiveness Report 2013," Africa Competitiveness Report, African Development Bank, number 456, 7.

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