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La problématique de l’insertion des pays de la ZFA dans le commerce mondial (The issues of the insertion of the AFZ countries in the world trade)

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  • Emmanuel MOUSSONE

    () (labrii, ULCO)

Abstract

Les problèmes d’intégration des pays de la Zone Franc Africaine dans le commerce mondial s’expliquent par une forte spécialisation dans l’exportation des matières premières et par l’importation des produits manufacturés. L’essentiel des échanges se réalise avec quelques pays de l’OCDE pour des raisons historiques, politiques et économiques. Malgré l’existence d’une monnaie unique et des vertus d’une intégration régionale, les échanges intra-régionaux sont marginaux à cause des structures de production homogènes et concurrentes. Les gains tirés du commerce extérieur de ces pays sont faibles et instables, cette évolution qui s’explique certes par la structure et la ventilation des échanges est renforcée par l’érosion de la compétitivité internationale et une détérioration des termes de l’échange. Un tel mode d’insertion s’accompagne de plusieurs conséquences indésirables sur les sphères réelle et monétaire. L’instabilité et la faiblesse des recettes extérieures compromettent la croissance économique et limitent les possibilités d’investissements public et privé. La capacité de financement limitée de l’Etat face à ses besoins incompressibles se traduit par des déficits budgétaires chroniques et l’accroissement de la dette publique. The problems of the integration of the African Franc Zone countries in the world trade are due to a strong specialization in both the export of raw materials and import of manufactured goods. The main part of exchanges is made with some OECD’s countries for historical, political and economic reasons. Despite the existence of a single currency and some virtues of regional integration, intra-regional exchanges remain marginal because production structures are homogeneous and competitive. The gains drawn from the foreign trade of these countries are low and instable. This change, which is certainly understandable by the structure and breakdown of trade, is intensified by the erosion of international competitiveness and deterioration of exchange terms. Such a method of integration comes with several unwanted consequences in the real and monetary fields. The instability and the low level of external takings jeopardize the economic growth and reduce the opportunities of public and private investments. The limited financing capacity of the state in front of its irreducible needs falls as a result of perpetual budget deficits and an increase in public debt.

Suggested Citation

  • Emmanuel MOUSSONE, 2009. "La problématique de l’insertion des pays de la ZFA dans le commerce mondial (The issues of the insertion of the AFZ countries in the world trade)," Working Papers 213, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
  • Handle: RePEc:rii:riidoc:213
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    African franc zone; world trade; specialization; competitiveness; gowth; investment public; debt; budget deficit;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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