The Priorities And Objectives Of COMESA

WORLD BANK: governments play an important role in development, but there is no simple set of rules telling them what to do.

strengthening of the global partnership for development. Buffeted by economic forces outside their control, smaller economies

Reduced trading costs with cooperation countries, better communication through trade, larger competition for similar companies, more choices for consumers, and a greater sense of global community.

 Economic interdependence means lesser escalation of political conflicts.     Impediments to Integration   Inefficient industries lose out (e..g US steels, and textiles) however, if a country  protects these inefficient industries, this in turn will make other industries become less  internationally competitive, due to the high cost of imports.    Governments are forced to compromise some degree of national sovereignty.    National interests may not equal regional instruments    Political/industrial interest groups (need to be overcome).    Third largest population of 500 million (after China and India), 340 million high income  consumers.    World largest economy in terms of GDP    Reasons for formation of this union:   o Avoid future political conflict   o Gain size, scope and efficiency advantages that allow European nation state to  compete with the US and Japan.

In helping them create a strong economic basis, alliances and treaties are made. These countries will begin to start buying and trading with us. As a direct

-further progress on the economic integration in the region by supporting transport infrastucture -strengthening human resources -improving its environmental sustainability

The main interest of this work is to analyse this trade alliance from three different points of view to outline the similarities and differences in contrast to the European Union. To figure out about the initially mentioned question it is planned to start with the economic point of view in the first part. The second part will deal with the political aspects whilst

For an economy to thrive it must spend money. The amount of money that is spent can vary greatly from one year to the next. When interest rates are low and reasonable, more loans may be taken and this money is put back into the economy. This influx of monies into the economy can create jobs which lower the unemployment rate. A nation must be able to engage in free trade to help import goods and services that it may be lacking in. When a nation has goods and services that it excels with it can export them to other nations that are in need of them. This import and export cycle determines a nation’s trade balance.

The developmental state gives priority to economic growth rather than political reform. It is of strong ambition to develop economy;

The current international system is characterized by growth in globalization hence regional integration is becoming a common phenomenon in most parts of the world. As a result of states becoming more interconnected, most of them have opted for regional integration so as to enhance trade between states thus boosting economies of the states as well as the regions as a whole. Besides free trade, regional integration has seen to it the elimination of trade barriers, free movement of goods and people across borders, regional co-operation in issues to do with peace and security within the regions among various other benefits of regional integration. One of the regions that has grown as a result of regional integration is the European Union (EU), which is an economic and political partnership composed of 28 European countries. This paper will focus on the EU and give a theoretical analysis of the Brexit while giving lessons of integration and liberalization based on the Brexit.

contribute to improved adherence by all Members to rules, disciplines and commitments made under the Multilateral Trade Agreements and, where applicable, the Plurilateral Trade Agreements, and hence to the smoother functioning of the multilateral trading system, by achieving greater transparency in, and understanding of, the trade policies and practices of Members.

According to Khadiagala and Lyons (2001:83) some of the objectives which guide the operations of SADC are mentioned as follows: to promote regional peace and security; to stimulate development and economic progression, through regional incorporation; to reinforce relations among the populaces of the region; and to develop common political beliefs and organisations. In addition, the current SADC is an important organisation which is considered to bring about the co-ordination and validation of policies and strategies for sustainable development in all areas, as well as the effective implementation of the SADC Trade Protocol (Halisi, 1999:54). It also characterised a desire to achieve a deeper and a broader form of economic integration among member states (Nathan, 2013:125). One of the SADC’s predicted outcomes were to bring about the construction of stronger cooperation and closer intra-regional bonds (Nathan, 2013:126).

The EU recognizes that developmental efforts applied to individual cultural entities induce stability and a pro-western belief system (CS L2, 2013, 17). This framework serves to foster the integration of international partnerships with neighboring states and global partnerships with international powers such as the United States, Russia, the African Union, and the United Nations to pursue global stability through political, financial, and military efforts. The EU has also developed plans to invest and integrate with international organizations such as the World Trade Organization (WTO), Organization for Security and Cooperation in Europe (OSCE), Association of Southeast Asian Nations (ASEAN), (MERCOSER) and, Interpol to provide assistance in the foundation and continuance of an effective law and order structure, as well as fair trade principles within emerging democracies, and to assist recovering states with re-establishing financial and governmental integrity. These results will lead to an enhanced strategic position and level of security for the EU and its allies

o An increase in the country’s economy with a shift from secondary to tertiary industry which becomes less dependent on FDI.

Financial constraints of the states have led to the proliferation of central schemes and national missions. The all encompassing ambit of entry 20 in List III, social and economic planning provided the constitutional basis for the planned development model of the first phase.