For several years, the Zambian economy relied on the mining sector, which has been affected by fluctuations in commodity prices. The new century enhanced the calls for economic diversification, with the agricultural, manufacturing, and services…
Globalisation has become an unavoidable incidence with almost every country involved in some new form of economic integration arrangement. In Africa, the largest trade agreement, the African Continental Free Trade Agreement (AfCFTA) was recently…
Namibia is an open economy where international trade accounts for a greater proportion of gross domestic product (GDP). Openness of the Namibian economy for the period 2010 to 2018 has been on average 111% of GDP. The high level of openness of the…
A great deal of information is available on international trade flows and potential markets. Yet many exporters do not know how to identify, with adequate precision, those markets that hold the greatest potential. Even if they have access to…
The paper employed the augmented gravity model to determine the trade creation and trade diversion effects of economic integration. Results indicate that the income importing country was significant at the 1% level, while the exporting one was…