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Title: | The role of regional integration towards economic stability : a case of the Southern African Development Community (SADC) |
Authors: | Chilisa, Helen Chedza |
Keywords: | Southern African Development Community African cooperation Africa, Southern -- Economic integration Africa, Southern -- Politics and government Europe -- Economic integration |
Issue Date: | 2020 |
Citation: | Chilisa, H. C. (2020). The role of regional integration towards economic stability : a case of the Southern African Development Community (SADC) (Master’s dissertation). |
Abstract: | At his inaugural speech in April 2018, His Excellency Dr. Mokgweetse Eric Keabetswe Masisi, President of the Republic of Botswana amplified regional integration as the foundation of Botswana’s foreign policy. The unprecedented vigor of Southern African Development Community (SADC) future lies in creating opportunities for regional trade and investment. The SADC region needs to attract interest from regional blocks such as the European Union (EU) primarily in their area of technical support to enable the region to achieve the desired economic growth and stability. Cooperation and collaboration that upsurges from bilateral and multilateral agreements are able to create new opportunities for SADC members that will give access to new markets. The SADC has a membership of sixteen (16) countries being Angola, Botswana, Comoros, DRC, Eswatini (formerly known as Swaziland), Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Tanzania, Zambia and Zimbabwe. Research has shown that regional integration in developed countries has proved to be much more successful. Whereas in developing countries, such as the SADC member states face a large degree of problems both technically and politically. Despite these problems developing countries face when trying to implement or participate in regional integration initiative, the countries remain to be optimistic in attaining regional integration. Regional integration is considered a non-negotiable strategy for achieving economic stability of a country. Regional integration is a structured and formalized process in which bordering or neighboring countries undergo formalized agreements to promote cooperation through their respective institutions through a set of agreed rules. Regional integration is intended to overcome the barriers and limitations economic stability. The methodology would prescribe that the bordering countries establish a commonality in areas of interest towards sustainable economic stability. Such goals can be achieved through jointly managing shared resources and assets. To achieve such goals, the countries involved must liberalize trade within the member states, create a common market for their goods, services, capital and people. Borrowing a leaf from the EU - regional integration is an effective tool towards achieving peace, security and prosperity in the EU. “SADC's challenges have to be conquered; or else, it is going to remain a plan for tomorrow”, (van Zyl, 2016). |
Description: | M.CONTEMPORARY DIPLOMACY |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/66111 |
Appears in Collections: | Dissertations - FacArt - 2020 Dissertations - FacArtIR - 2020 |
Files in This Item:
File | Description | Size | Format | |
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20 MA DIPLO 001.pdf Restricted Access | 1.3 MB | Adobe PDF | View/Open Request a copy |
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