Regional Economic Integration and Developing Countries: The Example of South African Regional Integration - SADC

Proceedings of 8th International Conference «Economic Integration, Competition and Cooperation», 6-9 April, Opatija, University of Rijeka – Faculty of Economics, CD with Full papers

14 Pages Posted: 20 Mar 2013 Last revised: 21 May 2013

See all articles by Ljubo Jurčić

Ljubo Jurčić

University of Zagreb - Faculty of Economics & Business

Vlatka Bilas

University of Zagreb - Faculty of Economics & Business

Sanja Franc

University of Zagreb - Faculty of Economics & Business

Date Written: April 6, 2011

Abstract

Economic integrations among developing countries are different from the ones among more developed countries because of its aims, namely fostering economic development, industrialization and decreasing poverty. In fact, for developing countries regional integration can represent an opportunity for integrating into the global economy by minimizing market fragmentation costs. Regionalism in Africa was led by public sector organizations and it was done without the public support and the support of private sector, thus, failing to produce positive consequences. New wave of regionalism is moving away from the described approach and accentuates political integration in which progressive level of integration is not considered until all conditions were fulfilled. The paper analyses characteristics, problems and future perspectives of regional integration process among developing countries on the example of African regional integration Southern African Development Community (SADC).

Keywords: regional economic integrations, developing countries, Africa, SADC

JEL Classification: F20

Suggested Citation

Jurčić, Ljubo and Bilas, Vlatka and Franc, Sanja, Regional Economic Integration and Developing Countries: The Example of South African Regional Integration - SADC (April 6, 2011). Proceedings of 8th International Conference «Economic Integration, Competition and Cooperation», 6-9 April, Opatija, University of Rijeka – Faculty of Economics, CD with Full papers, Available at SSRN: https://ssrn.com/abstract=2232667 or http://dx.doi.org/10.2139/ssrn.2232667

Ljubo Jurčić (Contact Author)

University of Zagreb - Faculty of Economics & Business ( email )

Trg J. F. Kennedyja 6
Zagreb, City of Zagreb 10000
Croatia

Vlatka Bilas

University of Zagreb - Faculty of Economics & Business ( email )

Trg J. F. Kennedyja 6
Zagreb, City of Zagreb 10000
Croatia

Sanja Franc

University of Zagreb - Faculty of Economics & Business ( email )

Trg J. F. Kennedyja 6
Zagreb, City of Zagreb 10000
Croatia

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