|
Political Economy of COMESA
Member-states of COMESA claim to subscribe to the aforementioned
economic theory that regional integration can improve efficiency, stimulate
economic activity, and generate healthy competition, which in turn creates
jobs and attracts investment (Trivedi 2006, 64). However, member-states’
commitment to implementation has been limited by interventionist mea-
sures. COMESA maintains that member-states must eliminate non-tariff
barriers in order to proceed with the liberalization of trade within the re-
gion. Yet import bans, roadblocks, administrative charges and quantitative
restrictions still exist (Yang 2005, 10). These barriers to trade operate as
regional import substitution policy, reducing incentives to exporters and
local industries (Yang 2005, 17).
Dostları ilə paylaş: | 
