Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges

Valery Iragi Ntwali

doi:doi:10.11648/j.ijber.20211006.19

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Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges

Valery Iragi Ntwali

Published in International Journal of Business and Economics Research (Volume 10, Issue 6)

Received: 5 July 2021 Accepted: 10 August 2021 Published: 29 December 2021

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Abstract

This article, which adopts a documentary methodological approach based on the analysis and exploitation of reports produced by various international and regional institutions such as the IMF, the World Bank, the African Development Bank, ECOWAS, etc., and the writings of a number of emergence theorists, arrives at the result that the economies of two of the monetary economic zones examined suffer from a lack of industrialization that is blocking the member countries in their emergence process. The paper finds that the Central African Economic and Monetary Community (CEMAC) and the West African Economic and Monetary Union (WAEMU) have succeeded in stabilizing their monetary systems, but this monetary stability has not been accompanied by real emergence. The economies of most of the member states of these two organizations are based on commodities and cocoa, which means that they are totally volatile and therefore lack the stability necessary for true emergence. There is therefore a need for these two organizations to support through concrete actions industrialization programs to achieve the structural transformation of their economies likely to push their member states towards real emergence. Security efforts against terrorism are worthwhile in order to fight terrorism in the Sahel with the objective of creating a favorable space for foreign direct investment and local industrial production.

Published in	International Journal of Business and Economics Research (Volume 10, Issue 6)
DOI	10.11648/j.ijber.20211006.19
Page(s)	284-289
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Emergence, Spaces, WAEMU and CEMAC

References

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[4]	Haudeville B. (2012), "Emergence: an interpretation in terms of the knowledge economy," in Developing Worlds. https://www.cairn.info/revue-mondes-en-developpement-2012-2-page-13.htm. Accessed 01/12/2020.
[5]	Chenaf D-N. (2019), "Emerging countries: performance or development?", in www.la-vie-des-idées.fr.
[6]	Article 2 Treaty creating CEMAC, March 16, 1994, revised June 25, 2008.
[7]	Article 4 of the Treaty creating WAEMU, 10 May 1996, revised in 2003.
[8]	Mama and P. Ongono T. (2018), "Does the Franc zone hinder the structural transformation of member countries' economies?" in Economic intervention Review http://journals.openedition.org/interventionseconomiques/5397.
[9]	Ngomba Bodi F-G. (2018), "Economic diversification in CEMAC ", in Bank of Central African States, in Economic and Statistical Bulletin, ESB, N0 01-March.
[10]	Waemu (2018), Semi-Annual Multilateral Surveillance Implementation Report, December. http://www.uemoa.int/sites/default/files/bibliotheque/rapport_surveillance_multilaterale_decembre_2018_final_04022019.pdf.
[11]	Bank of France (2019), "Balance Establishment and Presentation," in International Affairs Directorate. http://www.enpc.fr/ceras/martin/Balpaiements.pdf.
[12]	Bittner F., course in macroeconomics. https://www.cours-gratuit.com/cours-balance-commerciale/document-d-introduction-a-la-balance-commercial.
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[15]	Bceao (2016), Balance of payments and regional international investment position of the WAEMU for the year 2016.
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[18]	Antangana Ondoa H. (2018), "Economic situation in Francophone Africa: issues and perspective," in Francophone Economic Observatory, University of Montreal, Quebec.
[19]	Bassirou S and Ramde F. (2019), "Financial development and structural transformation of African Franc zone countries: a panel-VAR approach," Economic Interventions Review, 61 \|, accessed January 29, 2019. http://journals.openedition.org/interventionseconomiques/5390.
[20]	Duchaussoy V. (2018), "Monetary zones and development: the Franc zone, from decolonization to internalization", in World (s), vol. 1, N° 13.
[21]	Carrere C. (2013), "WAEMU, CEMAC: what performance in trade, in development economics journal, 1 Vol. 21. https://www.cairn.info/revue-d-economie-du developpement-2013-1-page-33.htm.

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Valery Iragi Ntwali. (2021). Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges. International Journal of Business and Economics Research, 10(6), 284-289. https://doi.org/10.11648/j.ijber.20211006.19

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ACS Style

Valery Iragi Ntwali. Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges. Int. J. Bus. Econ. Res. 2021, 10(6), 284-289. doi: 10.11648/j.ijber.20211006.19

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AMA Style

Valery Iragi Ntwali. Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges. Int J Bus Econ Res. 2021;10(6):284-289. doi: 10.11648/j.ijber.20211006.19

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@article{10.11648/j.ijber.20211006.19,
  author = {Valery Iragi Ntwali},
  title = {Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges},
  journal = {International Journal of Business and Economics Research},
  volume = {10},
  number = {6},
  pages = {284-289},
  doi = {10.11648/j.ijber.20211006.19},
  url = {https://doi.org/10.11648/j.ijber.20211006.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20211006.19},
  abstract = {This article, which adopts a documentary methodological approach based on the analysis and exploitation of reports produced by various international and regional institutions such as the IMF, the World Bank, the African Development Bank, ECOWAS, etc., and the writings of a number of emergence theorists, arrives at the result that the economies of two of the monetary economic zones examined suffer from a lack of industrialization that is blocking the member countries in their emergence process. The paper finds that the Central African Economic and Monetary Community (CEMAC) and the West African Economic and Monetary Union (WAEMU) have succeeded in stabilizing their monetary systems, but this monetary stability has not been accompanied by real emergence. The economies of most of the member states of these two organizations are based on commodities and cocoa, which means that they are totally volatile and therefore lack the stability necessary for true emergence. There is therefore a need for these two organizations to support through concrete actions industrialization programs to achieve the structural transformation of their economies likely to push their member states towards real emergence. Security efforts against terrorism are worthwhile in order to fight terrorism in the Sahel with the objective of creating a favorable space for foreign direct investment and local industrial production.},
 year = {2021}
}

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TY  - JOUR
T1  - Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges
AU  - Valery Iragi Ntwali
Y1  - 2021/12/29
PY  - 2021
N1  - https://doi.org/10.11648/j.ijber.20211006.19
DO  - 10.11648/j.ijber.20211006.19
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 284
EP  - 289
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20211006.19
AB  - This article, which adopts a documentary methodological approach based on the analysis and exploitation of reports produced by various international and regional institutions such as the IMF, the World Bank, the African Development Bank, ECOWAS, etc., and the writings of a number of emergence theorists, arrives at the result that the economies of two of the monetary economic zones examined suffer from a lack of industrialization that is blocking the member countries in their emergence process. The paper finds that the Central African Economic and Monetary Community (CEMAC) and the West African Economic and Monetary Union (WAEMU) have succeeded in stabilizing their monetary systems, but this monetary stability has not been accompanied by real emergence. The economies of most of the member states of these two organizations are based on commodities and cocoa, which means that they are totally volatile and therefore lack the stability necessary for true emergence. There is therefore a need for these two organizations to support through concrete actions industrialization programs to achieve the structural transformation of their economies likely to push their member states towards real emergence. Security efforts against terrorism are worthwhile in order to fight terrorism in the Sahel with the objective of creating a favorable space for foreign direct investment and local industrial production.
VL  - 10
IS  - 6
ER  -

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Author Information

Valery Iragi Ntwali

Political Science, Paris-Est Creteil University, Paris, France

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APA Style

Valery Iragi Ntwali. (2021). Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges. International Journal of Business and Economics Research, 10(6), 284-289. https://doi.org/10.11648/j.ijber.20211006.19

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ACS Style

Valery Iragi Ntwali. Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges. Int. J. Bus. Econ. Res. 2021, 10(6), 284-289. doi: 10.11648/j.ijber.20211006.19

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AMA Style

Valery Iragi Ntwali. Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges. Int J Bus Econ Res. 2021;10(6):284-289. doi: 10.11648/j.ijber.20211006.19

Copy | Download

@article{10.11648/j.ijber.20211006.19,
  author = {Valery Iragi Ntwali},
  title = {Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges},
  journal = {International Journal of Business and Economics Research},
  volume = {10},
  number = {6},
  pages = {284-289},
  doi = {10.11648/j.ijber.20211006.19},
  url = {https://doi.org/10.11648/j.ijber.20211006.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20211006.19},
  abstract = {This article, which adopts a documentary methodological approach based on the analysis and exploitation of reports produced by various international and regional institutions such as the IMF, the World Bank, the African Development Bank, ECOWAS, etc., and the writings of a number of emergence theorists, arrives at the result that the economies of two of the monetary economic zones examined suffer from a lack of industrialization that is blocking the member countries in their emergence process. The paper finds that the Central African Economic and Monetary Community (CEMAC) and the West African Economic and Monetary Union (WAEMU) have succeeded in stabilizing their monetary systems, but this monetary stability has not been accompanied by real emergence. The economies of most of the member states of these two organizations are based on commodities and cocoa, which means that they are totally volatile and therefore lack the stability necessary for true emergence. There is therefore a need for these two organizations to support through concrete actions industrialization programs to achieve the structural transformation of their economies likely to push their member states towards real emergence. Security efforts against terrorism are worthwhile in order to fight terrorism in the Sahel with the objective of creating a favorable space for foreign direct investment and local industrial production.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Emergence in the UEMOA and EMCCA Areas Facing Industrialization Challenges
AU  - Valery Iragi Ntwali
Y1  - 2021/12/29
PY  - 2021
N1  - https://doi.org/10.11648/j.ijber.20211006.19
DO  - 10.11648/j.ijber.20211006.19
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 284
EP  - 289
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20211006.19
AB  - This article, which adopts a documentary methodological approach based on the analysis and exploitation of reports produced by various international and regional institutions such as the IMF, the World Bank, the African Development Bank, ECOWAS, etc., and the writings of a number of emergence theorists, arrives at the result that the economies of two of the monetary economic zones examined suffer from a lack of industrialization that is blocking the member countries in their emergence process. The paper finds that the Central African Economic and Monetary Community (CEMAC) and the West African Economic and Monetary Union (WAEMU) have succeeded in stabilizing their monetary systems, but this monetary stability has not been accompanied by real emergence. The economies of most of the member states of these two organizations are based on commodities and cocoa, which means that they are totally volatile and therefore lack the stability necessary for true emergence. There is therefore a need for these two organizations to support through concrete actions industrialization programs to achieve the structural transformation of their economies likely to push their member states towards real emergence. Security efforts against terrorism are worthwhile in order to fight terrorism in the Sahel with the objective of creating a favorable space for foreign direct investment and local industrial production.
VL  - 10
IS  - 6
ER  -

Copy | Download