Economics Integration and Regional Trading System

Objective: To equip students with a thorough, unbiased and critical understanding of the main economic issues that arise in the context of economic integration.
Pre-requisites: A solid background in XEA 309: International economic theory and Policy
Content: Integration and Regionalism definition; Stages of economic integration; Preferential Trade Agreements and the Multilateral Trade System; Regional Trade Agreements and The Traditional Welfare Analysis. Product-market integration in a neoclassical world and further extensions of theory; The Revenue-Transfer Effect in a Customs Union; Extension to Free Trade Areas; Dynamic effects; Economies of scale in customs union; De-fragmentation and industrial restructuring; Market Size and Scale Effects; Mergers and Acquisitions; Labor and capital mobility; Monetary Integration and financial cooperation; Transport Integration; Economic Integration; social Integration; Macroeconomic issues; Growth Effects and Economic Integration; Intra-Africa Trade; Typical African Economy (commodity boom; jobless growth); Challenges and opportunities of Africa Integration Process; Regional value chains and production networks; Washington Consensus; South- South cooperation and regional integration; Kenya`s regional integration trade policy; Regional Integration in Latin America, North America, European Union, Asia compared to Africa`s attempt to regional integration.