This study is guided by the guiding statement: Globalization and Regionalism: How are these two salient theories in International Relations mutating within the East African Community member nations?
Originally, the EAC had only three member nations, and they encountered political turbulence which disrupted its cohesion in the 1960s and 1970s. The Mediation Agreement gave it a lifeline. Upon its revival, globalization and regionalism implicitly and explicitly became the guiding factors that guided and still guide the ‘new’ EAC, which now has an expanded membership of seven neighboring nations. EAC is one of the fastest-growing sub-regional economic integration unit in Africa and in the world.
The study extrapolates how globalization and regionalism have impacted on the globe and corroborates these factors with what is happening in the EAC sub-region.
Table of Contents
Study Introduction
1.0 CHAPTER 1
1.1 Chapter introduction
1.1.1 The adverse effects of colonialism
1.1.2 Globalization and interconnection
1.1.3 The myriad interpretation of globalization
1.1.4 The grim African reality
1.1.5 The East African Community
1.1.6 Some four tenets of globalization
1.1.7 Globalization and unique reasoning-cum-thinking
1.1.8 Global oligarchies for the extremely few in the EAC region
1.1.9 Globalization as a global village which encompasses EAC sub-region
1.2 Chapter conclusion
2.0 CHAPTER 2
2.1 Chapter introduction
2.2 Some definitions of ‘old’ and ‘new’ regionalisms
2.2.1 The paradox of ‘old’ and ‘new’ regionalisms
2.3 Brief history of regionalism
2.4 Some aspects of regionalism in Africa: Introduction
2.4.1. The South African ‘archaic’ regionalism
2.4.2 The first phase of African regionalism
2.4.3 The challenges with the original scramble for Africa
2.4.4 The creation of the organization of African Unity
2.4.5 The Lagos Plan of Action, The Abuja treaty and The African Union
2.4.6 African Union Vision 2063
2.5 Current regional organizations in Africa
2.5.1 Community of Sahel- Saharan States
2.5.2 Economic Community of Western Africa States
2.5.3 Economic Community of Central African States
2.5.4 South African Development Community
2.5.5 Common Market of Eastern and Southern Africa (COMESA)
2.6 Chapter conclusion
3.0 CHAPTER 3
3.1 Chapter introduction
3.2 The inception of the EAC
3.2.1 The pioneer EAC
3.2.2 Lack of political goodwill from the EAC leaders
3.2.3 Dwindling funds in the East African Development Bank
3.2.4 The imminent collapse despite a robust vision and mission for EAC
3.2.5 A ray of hope to revive EAC via a Mediation Agreement
3.2.6 The revival of EAC
3.2.7 The impact of globalization and EAC protocols
3.2.8 Formulation of the EAC protocols
3.2.9 Globalization and the formulation of protocols
3.2.10 Some advantages of Regional Integration Agreements (RIA)
3.2.11 The new member nations in the EAC sub-region
3.2.12 EAC and tripartite Trade Agreement with COMESA and SADC
3.2.13 African Multidimensional Regional Integration Index (AMRII)
3.2.14 African Continental Free Trade Area (AfCFTA)
3.2.15 African Continental Free Trade Area (AfCFTA) survey-cum-report
3.2.16 EAC /EU Economic Partnership Agreement
3.2.17 An illustration of the importance of treaties: The EU experience-cum- example
3.2.18 How globalization has facilitated the EAC/EU Economic Partnership Agreement
3.2.19 EAC trade with China and India
3.2.20 International E- Commerce in the EAC region
3.2.21 EAC Vision 2050 (an overview)
3.2.22. EAC ‘borderless region’
3.2.23 The goals of EAC Vision 2050
3.4 Chapter conclusion
4.0 CHAPTER 4
4.1 Chapter introduction
4.2 The FDI status per country in the EAC sub region:
4.2.1 Burundi
4.2.2. The Democratic Republic of Congo
4.2.3. Rwanda
4.2.4 Kenya
4.2.5 Uganda
4.2.6 South Sudan
4.2.7 Tanzania
4.3 Chapter conclusion
5.0 CHAPTER 5
5.1 Chapter introduction
5.2 Analysis of the relationship between the study findings and the theory
5.3 Study limitations
5.4 Recommendations for Further research
5.5 concluding statement
Objectives and Research Themes
The primary aim of this dissertation is to investigate how the dual theories of globalization and regionalism manifest, mutate, and influence the political and economic landscape of the East African Community (EAC) member states, analyzing the transition from historical regional integration efforts to contemporary multilateral frameworks.
- The evolution and impact of globalization and regionalism on African nation-states.
- Historical context and cyclical challenges of the East African Community, including its collapse and subsequent revival.
- The influence of international agreements, protocols, and trade entities on regional market integration.
- Foreign Direct Investment (FDI) status, economic challenges, and growth strategies across the seven EAC member states.
Excerpt from the Book
1.1.6 Some four tenets of globalization
The EAC adheres to the six tenets of globalization. The first tenet is the financial structure (Harvey, 1989). EAC as a community of states has the ambition of developing a robust financial system because the idea of one monetary system for the seven states which now form the EAC is still in the offing and is being discussed by all the seven stakeholder nations. Ideally, the major aspects of the monetary protocol were to be implemented by 2023 in Kenya, Uganda, Burundi, Rwanda and Tanzania.
The inclusion of South Sudan and recently the Democratic Republic of Congo (DRC) has complicated this particular agreement. The objectives of the monetary union is to promote financial stability and facilitate sustainable growth and development of the sub-region. The treaty has 31 articles. The salient and crucial articles are : Articles 7 and 8 which deals with fiscal policies which are geared to harmonize and coordinate budget frameworks which ensures that there is efficient mobilization and allocation of resources, Article 11 which deals with monetary policy which delegates to the East African Central Bank to formulate structures for a single monetary policy to be used in the sub-region by the partner countries, Article 12 deals with exchange rate policy which make the single currency to be free floating within the sub-region, Article 14 deals with the financial system which takes cognizance that partner states to develop and operate an efficient, stable and integrated financial system. Among the ambitious aspects of the financial system are: promote a comprehensive, accurate and systematic assessment of financial stability, ensure market efficiency and stability and facilitate the orderly, fair and transparent market conduct of the financial sector.
Summary of Chapters
1.0 CHAPTER 1: This chapter introduces the foundational concepts of globalization and colonialism, examining how these external and internal forces have shaped the socio-economic reality of African nation-states and the Eastern African region.
2.0 CHAPTER 2: An historical overview of regionalism is provided, focusing on the shifting dynamics between 'old' and 'new' regionalism and how diverse regional organizations in Africa have been influenced by global economic and political shifts.
3.0 CHAPTER 3: This chapter analyzes the history of the East African Community, detailing its initial collapse due to political instability and its successful revival through strategic mediation and new regional protocols supported by globalization.
4.0 CHAPTER 4: The author evaluates the investment profiles and Foreign Direct Investment landscape for each of the seven EAC member countries, highlighting the disparities in development and the varying ease of doing business across the region.
5.0 CHAPTER 5: The final chapter synthesizes the research findings, linking the theoretical framework of globalization and regionalism to the practical evolution and developmental trajectory of the East African Community.
Keywords
Globalization, regionalism, cold war, integration, colonialism, Foreign Direct Investment, protocols, economic partnerships, trade, East African Community, economic growth, sustainability, FDI, regional development, EAC Vision 2050.
Frequently Asked Questions
What is the core focus of this dissertation?
The paper examines how the two theoretical lenses of globalization and regionalism evolve and impact the dynamics within the member states of the East African Community.
What are the central themes discussed in the work?
The work explores themes such as socio-economic development, the history of regional integration, the influence of international treaties, and the role of Foreign Direct Investment in sub-regional economic blocs.
What is the primary research question?
The study seeks to answer: "Globalization and Regionalism: How are these two salient theories in International Relations (IR) mutating within the East African Community member nations?"
Which scientific methodology is applied?
The research utilizes a descriptive-analytical and qualitative approach, relying heavily on content analysis of existing literature and documentation regarding regional integration and the East African Community.
What topics are covered in the main section?
The main sections cover the intersection of globalization and African development, the history of African regionalism, the detailed history and revival of the EAC, and an analysis of investment profiles and trade trends per member country.
Which keywords define this research?
The key terms include Globalization, Regionalism, East African Community, Foreign Direct Investment (FDI), economic integration, and regional trade protocols.
Why did the original East African Community collapse?
The collapse was primarily driven by a lack of political goodwill, inter-state mistrust, ideological clashes between leaders, and financial constraints during an era of global economic recession.
How is the EAC Vision 2050 conceptualized?
It is presented as a strategic blueprint aiming to transform the EAC into an upper-middle-income region by 2050, focusing on integrated infrastructure, diversified economies, and enhanced competitiveness.
What role does Foreign Direct Investment play in the findings?
FDI is identified as a critical tool for development, though its flow is hindered by varying levels of political stability, corruption, and the ease of doing business across the individual member nations.
- Arbeit zitieren
- Odhiambo Oduke (Autor:in), 2022, Globalization and Regionalism. How are these two salient theories in international relations mutating within the East African Community?, München, GRIN Verlag, https://www.grin.com/document/1291807
