The Merits And Demerits Of The Eu Policies Towards Associated Developing Countries: An Empirical Analysis Of Eu-sadc Trade And Overall Economic Relations Within The Framework Of The Lome Countries

, by Matambalya, Francis A. S. T.

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ISBN: 9783631348734 | 3631348738
Cover: Paperback
Copyright: 5/1/1999

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Supplemental Materials

Foreword to first edition

(1)

Foreword to second edition

(1)

Abstract

(2)

Acknowledgement

(3)

Acronyms

(2)

List of Figures, Graphs and Tables

(3)

I CONTEXT AND FRAMEWORK OF THE STUDY

(1)

Chapter 1: CONTEXT OF THE STUDY

(1)

1. Context of the study

(10)

1.1. Introduction

(2)

1.1.1. On the genesis and evolution of the relations between the EU and the SADC economies

(1)

1.1.2. On the current status of the EU-ACP links

(1)

1.2. Problem definition

(1)

1.3. Specification of purpose and significance of the study

(4)

1.3.1. Purpose of the study

(1)

1.3.2. Significance of the study

(3)

1.3.2.1. Gravity of the trade and overall economic links between the EU and the SADC States

(2)

1.3.2.2. Response to the ongoing debate on the future of the Lomé Convention in light of the changing perception of the North-South relationship

(1)

1.3.2.3. Essence for informed debate

(1)

1.3.2.4. Essence for profound research-based evidence as relates to policy input

(1)

1.4. Organisation of the study

(2)

1.4.1. Scope

(1)

1.4.2. Content and Plan

(1)

Selected references to chapter 1

(1)

Chapter 2: CONCEPTUAL FRAMEWORK OF THE STUDY

(3)

2. Conceptual framework of the study: reflection of the basis of EU-SADC links from the perspective of the evolution of the international economic system

(59)

2.1. Theoretical issues in the links among international economic relations, international trade and economic growth: phenomena rationale and interactions

(28)

2.1.1. Catalysing forces of international economic relations

(1)

2.1.2. Propelling forces of international trade

(8)

2.1.2.1. Propelling forces of international trade from the perspective of the classical theory

(1)

2.1.2.2. Propelling forces of international trade from the perspective of the neo-classical theory

(1)

2.1.2.3. Propelling forces of international trade from the perspective of the modern international trade theories

(5)

A. Technology theories of international trade: the consequences of comparative development in technology on international trade patterns

(1)

a. Links between disparities in technology and differentials in economic dynamism

(1)

b. Phase in product life cycle: international product life cycle differentials

(1)

B. Product differentiation theory of international trade: differentiated visa vis homogeneous goods and international trade

(1)

a. Intra-industry trade theory and differentiated goods

(1)

b. Intra-industry trade theory and perfectly homogeneous goods

(1)

C. Scale economies theory of international trade: perfect vis à vis imperfect competition and external economies

(1)

a. External economies and perfect competition

(1)

b. External economies and imperfect competition

(1)

2.1.3. International trade and growth: general review of the causal links between exports and economic growth

(19)

2.1.3.1. Export performance

(1)

2.1.3.2. Economic development or economic growth

(1)

2.1.3.3. Theoretical issues in the ex-ante visualisation of the relationship between export performance and economic growth: a review of selected theoretical explanations

(11)

A. Associations between exports and economic growth from the perspective of the monetary theory of inter-national trade: the keynesian trade multiplier

(2)

B. Associations between exports and economic growth from the perspective of the pure theory of international trade

(1)

a. Mainstream economics and the links between exports and economic growth

(1)

b. Alternative explanations of the links between exports and economic growth

(1)

c. Excursus: immiserising economic growth

(1)

d. Summary and general policy implications

(1)

e. Implications for the study of the EU-SADC trade and overall economic relations

(1)

2.1.3.4. Growth impulse of exports: outline of evidences of the links between exports and overall economic performance from selected studies

(6)

2.1.4. Implications of the current wave of globalisation on the pattern of gains from international trade and international economic interactions

(1)

2.2. On the static and dynamic impulse of the Lomé Convention on the export performance of the preference-receiving economies

(14)

2.2.1. Some theoretical issues in the determination of the export effects of preferences

(8)

2.2.1.1. Static export effects of EU trade preferences to the SADC economies

(6)

A. Direct or static trade effects of tariff changes on SADC exports to the EU

(1)

a. Basic reactions: price shifts

(1)

b. Derived reactions: demand- and supply-based shifts

(3)

B. Indirect or static welfare effects of tariff changes on SADC exports to the EU

(1)

C. Additional export earnings induced by the exchange of additional SADC resources for foreign currency

(1)

2.2.1.2. Export shifts attributable to the dynamic effects of trade preferences

(2)

A. Postulated dynamic effects of trade preferences on efficiency

(1)

a. X-efficiency

(1)

b. Allocative efficiency

(1)

c. Improved efficiency through better capacity utilisation

(1)

B. Postulated dynamic effects of trade preferences through scale economies

(1)

C. Postulated dynamic effects associated with the creation of factors of production

(1)

2.2.2. On the factual impact of EU preferences on the export and overall economic development of the recipient countries: a review of selected empirical studies

(6)

2.2.2.1. EU and its ACP associates: general profile

(6)

A. From the Convention of Application to Lomé IV

(4)

B. Excursus: synopsis of the new developments in Lomé II, III, and IV

(1)

2.2.2.2. Derived implications for the relations between the SADC economies and the EU

(1)

2.3. Methodology and scope of the study

(14)

2.3.1. Specification of the major hypotheses

(1)

2.3.1.1. On the relevance of policies propagated by the Lomé Convention to promote the export and overall economic performance of the SADC economies

(1)

2.3.1.2. On the influence of the internal environment on the accomplishment of the policies propagated by the Lomé Convention

(1)

2.3.1.3. On the influence of the international environment on the accomplishment of the policies propagated by the Lomé Convention

(1)

2.3.2. Specification of the major models and analytical methods: globalist vis á vis focused analysis

(13)

2.3.2.1. Globalist analysis

(10)

A. Measures of export performance

(1)

a. Measures of the stabilisation effect of the EU trade policies on SADC exports

(1)

b. Measures of the horizontal diversification of exports

(1)

B. Extended analysis of the pattern of development of the agricultural exports of the SADC economies

(1)

a. Fluctuations of the export volumes of the SADC economies associated with fluctuations in agricultural production volumes

(1)

b. Export revenues: estimation of the fluctuations of the agricultural export revenues of the SADC economies associated with exchange rate movements

(3)

2.3.2.2. Focused analysis

(2)

2.3.3. Scope of the study

(4)

2.3.3.1. Time scope of the study

(1)

2.3.3.2. Countries

(1)

2.3.3.1. Data

(1)

Selected references to chapter 2

(3)

CHAPTER 3 INSTITUTIONAL FRAMEWORK OF EU-SADC CO-OPERATION: AN EXTENDED SURVEY OF THE LOMÉ CONVENTION

(1)

3. Institutional framework of EU-SADC co-operation: an extended of survey of the Lomé Convention

(15)

3.1. Objective, conception and chronology of the Convention

(2)

3.1.1. Objective and conceptional base of the Convention

(1)

3.1.2. Chronology of the Convention

(1)

3.2. Outline of the instruments adopted by the Lomé Convention to boost trade and overall economic performance of the ACP states

(5)

3.2.1. Key trade-tied instruments of the Lomé Convention

(5)

3.2.1.1. Direct trade promotion instruments of the Lomé Convention: trade co-operation programme

(2)

A. Preferential tariff and duty-free entry to EU market

(1)

B. Non-reciprocity of the trade concessions

(1)

C. Protocols

(1)

D. Production cumulation

(1)

3.2.1.2. Indirect trade promotion instruments: commodity arrangements

(14)

A. STABEX

(2)

B. SYSMIN

(1)

3.2.2. Instruments tied to overall economic development: development finance co-operation

100

(1)

3.2.3. Summarising comments

100

(1)

3.3. Excursus: positioning the LC in the taxonomy of formal trade regimes linking the EU to the international economic system

100

(5)

3.3.1. General Agreements on Trade and Tariff/World Trade Organisation

102

(1)

3.3.2. Free Trade Agreements

102

(1)

3.3.3. Generalised System of Preferences

103

(1)

3.3.4. Association Agreements

104

(1)

3.3.5. Preferential Trade and Co-operation Agreements

104

(1)

3.3.6. Super Generalised System of Preferences

104

(1)

3.3.7. Lomé Convention

105

(1)

3.3.8. Any EU-SADC arrangement?

105

(1)

3.4. Summary and implications

105

(1)

Selected references to chapter 3

106

(2)

II GLOBALIST EMPIRICAL REVIEW OF THE EXPORT AND OVERALL ECONOMIC PERFORMANCE OF THE SADC ECONOMIES IN THE AFTERMATH OF THE LOMÉ CONVENTION

108

(1)

CHAPTER 4 GLOBALIST ESTIMATION OF THE TRADE EFFECTS OF THE LOMÉ CONVENTION THROUGH THE GLOBAL EXPORT PERFORMANCE OF THE SADC ECONOMIES

109

(2)

4. Globalist estimation of the trade effects of the Lomé Convention through the global export performance the SADC economies

111

(34)

4.1. Estimation of the stability of the global SADC exports in the aftermath of the Lomé Convention

111

(14)

4.1.1. Estimation of the variation and dispersion of exports over time

111

(5)

4.1.1.1. Agricultural exports: volumes and revenues

112

(2)

4.1.1.2. Aggregate export revenues

114

(2)

4.1.2. Alternative export instability measures: export-relevant measures of horizontal diversification of production

116

(3)

4.1.3. Tracing the sources of instability

119

(6)

4.1.3.1. Variances and covariances of aggregate agricultural exports for selected SADC economies to the World

120

(3)

4.1.3.2. Variances and covariances of selected agricultural exports for selected SADC economies to the World

123

(1)

4.1.3.3. General implications

124

(1)

4.2. Extended analysis of the pattern of the agricultural export performance of the SADC economies: an overview of the influence of shifts in agricultural production and movements in exchange rates on export fluctuations

125

(4)

4.2.1. Fluctuations of export volumes stemming from shifts in production volumes

125

(3)

4.2.2. Fluctuations of export revenues stemming from movements in exchange rates

128

(1)

4.3. General observations of the time series properties of the SADC exports

129

(1)

4.3.1. On the caveats and the plausibility of the tests

129

(1)

4.3.2. Some policy implications

130

(1)

4.4. Investigation of the overall trends of export performances of the SADC economies in relation to their exports to the World

130

(6)

4.4.1. Estimation of export performance ratios

130

(4)

4.4.1.1. Export performance ratios based on main categories of commodity groups

131

(1)

4.4.1.2. Export performance ratios based on selected agricultural and mineral products

132

(2)

4.4.2. Summary of implications and comments

134

(2)

Statistical appendixes to chapter 4

136

(7)

1. Appendix 4.1: Regressions of volumes of agricultural exports of selected SADC economies to the World (1980 = 100)

136

(4)

2. Appendix 4.2: Regressions of agricultural exports of revenues of selected SADC economies to the World (1980 = 100)

140

(2)

3. Appendix 4.3: Production and export dependencies of selected primary exports of selected SADC economies (1975, 1980, 1985, 1988)

142

(1)

4. Appendix 4.4: Durbin-Watson Test at 5 percent significance points

142

(1)

Selected references to chapter 4

143

(2)

CHAPTER 5 GLOBALIST OVERVIEW OF THE PATTERN OF ECONOMIC PRODUCTION ACTIVITIES OF THE SADC STATES IN THE AFTERMATH OF THE LOMÉ CONVENTION

145

(1)

5. Globalist overview of the pattern of economic production activities of the SADC States in the aftermath of the Lomé Convention

146

(14)

5.1. Overview of the aggregate magnitudes of production

146

(3)

5.1.1. GDP trends

146

(2)

5.1.2. GWP trends

148

(1)

5.2. Transformation of the structure of production

149

(9)

5.2.1. Vertical diversification of production

150

(6)

5.2.1.1. Pattern of value added by broad category of economic activities

150

(4)

A. Profile of the test results

151

(2)

B. Caveats of the test

153

(1)

5.2.1.2. Investigating the pattern of value added in agriculture, industry and services based on the averages of compounded data for the period 1980-1990

154

(1)

5.2.1.3. Real economic implications of the observed pattern of value-adding activities

155

(1)

5.2.1.4. Implications on the EU-SADC co-operation

156

(1)

5.2.2. Horizontal diversification of the SADC economies: overview of the manufactured-export ratio

156

(1)

5.2.3. Extended diversification analysis: assessment of the index of industrial production as a measure of both vertical and horizontal diversification

157

(1)

5.3. Summary and policy implications

158

(1)

Selected references to chapter 5

159

(1)

III FOCUSED EMPIRICAL ANALYSIS OF EU-SADC ECONOMIC RELATIONS

160

(1)

CHAPTER 6 CONTRASTING THE TRENDS OF THE STABILITY ATTRIBUTES OF SADC EXPORTS TO THE EU AND THE ROW

161

(1)

6. Contrasting the trends of the stability attributes of the SADC exports to the EU with exports to the ROW

162

(15)

6.1. Instabilities of export revenues of the SADC economies: EU vis á vis ROW exports

162

(11)

6.1.1. Dispersion of the SADC export revenues

162

(5)

6.1.1.1. Dollar value of the aggregate exports for selected SADC economies to the EU

163

(2)

6.1.1.2. Dollar value of the aggregate exports for selected SADC economies to the ROW

165

(2)

6.1.2. Product concentration of exports to the EU by main export products for selected SADC economies

167

(5)

6.1.3. Sources of export instability for the export revenues of the SADC economies

172

(1)

6.2. General observations on the stability attributes of the revenues for SADC exports to the EU and ROW

173

(3)

6.2.1. On the dispersion of SADC exports

173

(1)

6.2.1.1. Caveats vis à vis plausibility of the evaluation

173

(1)

6.2.1.2. Some policy implications

173

(1)

6.2.2. On the concentration of exports

174

(4)

6.2.2.1. Caveats vis á vis plausibility of the test

174

(1)

6.2.2.2. Some policy implications

175

(1)

Selected references to chapter 6

176

(1)

CHAPTER 7 AUGMENTED EXPLORATION OF THE DYNAMIC GAINS OF THE SADC ECONOMIES IN THE AFTERMATH OF THE LOMÉ CONVENTION: A FOCUSED APPRAISAL OF THE PRODUCTION EFFORTS OF THE SADC ECONOMIES

177

(1)

7. Augmented exploration of the dynamic gains of the SADC economies in the aftermath of the Lomé Convention: a focused appraisal of the production efforts of the SADC economies

178

(10)

7.1. Incidence of consumption in the SADC economies

178

(4)

7.1.1. Global consumption dependency of the SADC economies

178

(3)

7.1.2. EU vis á vis ROW consumption dependency of the SADC economies

181

(1)

7.2. Incidence of production in the manufacturing sectors of the SADC economies

182

(4)

7.2.1. Orientation of production in the manufacturing sectors

183

(2)

7.2.1.1. Aggregate orientation of production in the manufacturing sectors

183

(1)

7.2.1.2. EU contra ROW: some traits of the regional orientation of production in the manufacturing sectors of the SADC economies

184

(1)

7.2.2. Policy implications

185

(1)

7.3. Summarising comments

186

(1)

Selected references to chapter 7

187

(1)

IV DIGEST OF THE MERITS AND DEMERITS OF THE LC-TYPE PREFERENTIAL MEASURES TOWARDS FOSTERING THE EXPORT AND OVER-ALL ECONOMIC PERFORMANCE OF THE BENEFICIARY ECONOMY

188

(1)

CHAPTER 8 MERITS OF THE LC-TYPE PREFERENTIAL MEASURES TOWARDS FOSTERING THE EXPORT AND OVERALL ECONOMIC PERFORMANCE OF THE RECIPIENT ECONOMIES: AN OVERVIEW OF THE EXPERIENCES OF THE SADC ECONOMIES

189

(1)

8. Merits of the LC-type preferential measures towards fostering the export and overall economic performance of the recipient economies: an overview of the experiences of the SADC economies

190

(9)

8.1. Overall pertinence of the development policy of the Lomé Convention

190

(2)

8.1.1. Comprehensiveness of the co-operation arrangement

190

(1)

8.1.2. Significance of the European Development Fund in international development assistance

191

(1)

8.1.3. Generosity and participative attributes of the arrangement

191

(1)

8.2. Geopolitical significance of the arrangement

192

(1)

8.3. Economic performance impulse of the arrangement

193

(4)

8.3.1. Impact on international market access

193

(1)

8.3.2. Impact on export prices

194

(1)

8.3.3. Impact on fluctuations in export revenues and foreign currency earnings

195

(1)

8.3.4. Impact on investments

196

(1)

8.4. Political inspiration through the arrangement

197

(1)

Selected references to chapter 8

198

(1)

CHAPTER 9 FACTORS WHICH MISCONSTRUE THE DEVELOPMENT EFFORTS OF THE SADC ECONOMIES IN THE AFTERMATH OF THE LOMÉ CONVENTION

199

(1)

9. Factors which misconstrue the development efforts of the SADC economies in the aftermath of the Lomé Convention

200

(24)

9.1. Inherent deficits of the instruments of the Lomé Convention

200

(10)

9.1.1. Preference redundancy and erosion of preference margins

200

(1)

9.1.2. Limits characterising EU-demand for SADC goods

201

(2)

9.1.3. Limits articulating the management challenges of the Convention

203

(2)

9.1.3.1. Complexity and social diffusion problems of the Lomé Convention

203

(1)

9.1.3.2. Distribution of the preference margins

204

(1)

9.1.3.3. Uncertainties

204

(1)

9.1.4. Leverage on vested interests

205

(1)

9.1.5. Aid efficiency

206

(1)

9.1.6. Sluggish and/or inefficient response to ACP economic development needs

206

(1)

9.1.7. Limits articulating special costs of preferences

207

(3)

9.1.7.1. Adjustment and structural costs of preferences

208

(1)

9.1.7.2. Efficiency costs of preferences

209

(1)

9.1.7.3. Loss in welfare through production and trade diversion

209

(1)

9.2. Barriers attributable to the adverse environment for economic development

210

(11)

9.2.1. Internal distresses

210

(8)

9.2.2. Distresses imposed by the international environment

218

(8)

9.2.2.1. Inconsistency and incoherence of policies

218

(1)

9.2.2.2. Geopolitical significance of the region in a divided world

218

(1)

9.2.2.3. Geopolitical significance of the region in an ideologically uni-polar world

219

(1)

9.2.2.4. Pattern of aggregate resource flows

220

(1)

9.2.2.5. Vulnerability to immiserisation of growth

220

(1)

9.3. Excursus: significance of the environmental distresses and the deficits of the Lomé Convention on the overall performance of the SADC economies

221

(1)

Selected references to chapter 9

222

(2)

V DEVELOPMENT PERSPECTIVES OF THE SADC REGION AND RECOMMENDATIONS FOR THE REFORM OF THE LOMÉ CONVENTION TO ENHANCE EU-SADC CO-OPERATION EFFICIENCY

224

(1)

CHAPTER 10 DEVELOPMENT PERSPECTIVES OF THE SADC REGION

225

(1)

10. Development perspectives of the SADC region

226

(11)

10.1. Summary of the development potentials of the SADC economies

226

(4)

10.1.1. Economic potentials

226

(2)

10.1.1.1. Nominal resource endowment

226

(1)

10.1.1.2. Market considerations

227

(1)

10.1.1.3. Industrialisation potential and economic production significance of the region

228

(1)

10.1.2. Political record of the region

228

(1)

10.1.3. Economic policy stance and the globalisation impulse

229

(1)

10.1.4. Summarising comments

229

(1)

10.2. Significance of EU-SADC links in view of the changing perception of the North-South relationship

230

(5)

10.2.1. Optimistic scenario

230

(3)

10.2.1.1. Mutual economic interests

230

(1)

10.2.1.2. Mutual political interests

231

(1)

10.2.1.3. Moral appeal

232

(1)

10.2.1.4. Confidence in development

232

(1)

10.2.2. Pessimistic scenario

233

(1)

10.2.3. Summarising observations

234

(1)

Selected references to chapter 10

235

(2)

CHAPTER 11 TOWARDS ENHANCED EU-SADC CO-OPERATION EFFICIENCY

11. Towards enhanced EU-SADC co-operation efficiency

237

(14)

11.1. Essence of a new strategy for co-operation between the ACP and the EU States

237

(2)

11.1.1. Dynamics of global changes

237

(1)

11.1.2. Wavering confidence in Lomé Convention

238

(1)

11.2. Recommended adjustments for enhancing EU-SADC co-operation efficiency

239

(11)

11.2.1. Development policy orientation of a future EU-Southern African co-operation strategy

239

(1)

11.2.2. Contractual base

240

(1)

11.2.3. Requisite form of institutional framework

241

(2)

11.2.4. Content of the requisite economic concept

243

(11)

11.2.4.1. Regionally-differentiated programmes of action

244

(1)

11.2.4.2. Enhancement of competitiveness through the structural transformation of the economy

245

(3)

11.2.4.3. Enhancement of competitiveness through new internationalism and global partnership for development

248

(2)

Selected references to chapter 11

250

(1)

VI SUMMARY OF SOME RECENT MILEPOSTS TOWARDS POST-LOMB IV ARRANGEMENTS, AND CONCLUDING REMARKS

251

(1)

CHAPTER 12 LOMÉ PARTNERS ON THE EVE OF THE POST-LOMÉ IV ARRANGEMENTS: COMPARING THE NEGOTIATING MANDATES OF THE ACP AND THE EU STATES

252

(1)

12 Lomé partners on the eve of the post-Lomé IV arrangements: comparing the negotiating mandates of the ACP and the EU states

253

(7)

12.1. General issues related to development policy orientation

253

(1)

12.2. Specific issues of the co-operation arrangement

254

(4)

12.2.1 Key economic conceptual considerations

254

(3)

12.2.1.1. Issues focused on trade

254

(1)

12.2.1.2. Economic considerations beyond trade

255

(1)

12.2.1.3. Supranational institutional framework for co-operation

256

(1)

12.2.1.4. Financial and management issues

256

(1)

12.2.2 Political considerations

257

(1)

12.2.2.1. General political considerations

257

(1)

12.2.2.2. Political institutional framework

257

(1)

12.2.3 Broadening the base of stakeholders in the co-operation

257

(1)

12.3. Summary of implications

258

(1)

Selected references to chapter 12

259

(1)

CHAPTER 13 EU-COMMISSIONED REGIONAL ECONOMIC PARTNERSHIP AGREEMENT STUDIES

260

(1)

13. EU-commissioned regional economic partnership agreement studies

261

(7)

13.1. Idea, approach and analytical focus of the REPA studies

261

(2)

13.1.1 Idea of the studies: need to reform ACP-EU co-operation

261

(1)

13.1.2 Approach and analytical focus of the REPA studies

262

(1)

13.2 Objective of the REPA studies

263

(1)

13.3. Important findings of the study on a REPA between the EU and the SADC economies

263

(3)

13.3.1 Complexities in establishing a REPA between the EU and the SADC economies

264

(1)

13.3.2 Socio-economic impact on the SADC states of a REPA between the SADC and the EU economies

265

(1)

13.3.2.1. Potential benefits for the SADC economies

265

(1)

13.3.2.2. Costs to SADC economies

265

(1)

13.4. Critical observations of EU's REPA initiative

266

(2)

13.4.1 REPA as a model for EU-ACP co-operation

266

13.4.2 Relevance of REPA studies

264

(4)

Selected references to chapter 13

268

(1)

Chapter 14: Concluding remarks

269

(1)

14. Concluding remarks

270

(12)

REFERENCES

282

(1)

DETAILED LIST OF REFERENCES

283

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The Merits And Demerits Of The Eu Policies Towards Associated Developing Countries: An Empirical Analysis Of Eu-sadc Trade And Overall Economic Relations Within The Framework Of The Lome Countries

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