Can Intra-Regional Trade Act as a Global Shock Absorber in Africa?

Zuzana Brixiová Schwidrowski, Qingwei Meng and Mthuli Ncube ()

World Economics, 2015, vol. 16, issue 3, 141-162

Abstract: The global financial crisis and the subsequent uneven recovery have underscored the need for Africa's resilience to output and other shocks originated in the rest of the world. A comparison of two regional economic communities – the East African Community (EAC) and the Southern Africa Customs Union (SACU) – suggests that deeper intra-regional, and in particular intra-industry, trade ties have contributed to the EAC's resilience to external output shocks. More broadly, intra-regional and intra-African trade with fast-growing economies, together with geographically diversified trade links, can strengthen the capacity of African countries to absorb global output shocks. Besides helping shield countries from external shocks, intra-regional trade also supports economic diversification and participation in regional value chains.

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.worldeconomics.com/Journal/Papers/Article.details?ID=621 (application/pdf)

Related works:
Working Paper: Can Intra-Regional Trade Act as a Global Shock Absorber in Africa? (2015)
Working Paper: Can Intra-Regional Trade Act as a Global Shock Absorber in Africa? (2015)
Working Paper: Can Intra-Regional Trade Act as a Global Shock Absorber in Africa? (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:621

Access Statistics for this article

More articles in World Economics from World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE
Bibliographic data for series maintained by Ed Jones ().