Besides this ‘political support’ and experience sharing, the EU has also committed a We use cookies to improve your website experience. 3099067 However, these oligarchies’ common denominator is the possibility that, although they have benefitted tremendously from their countries joining the EU in a variety of ways, thanks to their misfortunate capacity as de facto ruling elites they could be tempted to snatch their countries away from the European Union and the West – depending on the circumstances. Or “new” or “newly (self-)discovered” Europeans, if you wish. Not just for the public but even for the political leaders. Downloadable! This fact that the continuing integration, and mutual integration of the Western and Eastern EU remains the most important thing for the European Union has got to be reminded constantly. Eastern Europe is so important because it contains a huge number of Europeans. This is the most basic form of economic cooperation. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. The challenges of regional integration in Southern Africa Mark Chingono* and Steve Nakana University of Zimbabwe, P. O. The significance of managing to integrate all EU member states into a single geopolitical being combining its globalized West with the former communist East into a single supranational entity dwarfs every other challenge before the EU that one could think of. After the end of the Cold War, the fall of the Berlin Wall, and the lifting of the Iron Curtain, the EU15 thus correctly and rightfully chose to integrate with the other European countries: A total of 13 so far – six former Warsaw Pact and Soviet Bloc states (Poland, Czechia, Slovakia, Hungary, Romania, Bulgaria), three former Soviet states (Estonia, Latvia, Lithuania), two former Yugoslav states (Slovenia and Croatia), and, to spice things up a notch, two Mediterranean island states (Cyprus and Malta). common European currency. Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine. Regional integration refers to the process of states coming together to sign agreements where they agree to cooperate in certain areas common to them. Yes, actually, you could and you should.). The bulk of these “newly European” countries have had a more turbulent fate than those in the West, and a tougher historical heritage largely thanks to their geographic location. In the WTO, regional trade agreement (RTAs) is referred to as customs unions, … And, yet, us common folk seem to think that it should. 1 Regional Integration in Africa Trudi Hartzenberg Trade Law Centre for Southern Africa (tralac) trudi@tralac.org Abstract: This paper examines the history of regional integration in Africa, what has motivated it, the different initiatives that African governments have pursued, the nature By clicking "Accept" or by continuing to use the site, you agree to this use of cookies and data. South-South trade will reduce exposure to possible prolonged slow-growth markets in Europe, Japan, and the United States. Regional integration is a process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules. [2] The initiatives towards regional cooperation in Central and South Eastern Europe arose as a reaction to two main events. And third, it reviews some structural characteristics and performance indicators, all of which point to considerable advancements made in this sector in recent years. Source: National Bank of Serbia, Annual Report, 2004, 2005; Bank Austria Creditanstalt, Banking on the SEE, September 2005; EBRD, Transition Report, 2006. On the integration scale, the EU would today be anywhere from 6 to 8; economic integration is much more complete than political integration. So figure it out soon. The classification 3 means ‘there has been progress in establishment of bank solvency and of a framework for prudential supervision and regulation, while there is significant lending to private enterprises and significant presence of private banks’. [15] EBRD Transition Report, 2006, p. 203. 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