Fragile States in African Economic Communities as Exemplified by the Economic and Monetary Community of Central Africa (CEMAC) – Investment Issues

Authors

  • Joanna Garlińska-Bielawska Cracow University of Economics
  • Małgorzata Janicka University of Lodz

DOI:

https://doi.org/10.12797/Politeja.15.2018.56.13

Keywords:

Regional Economic Integration, Foreign Direct Investment (FDI), Fragile States/Dysfunctional States

Abstract

The region of Central Africa is abundant in both fragile states and economic communities. According to the theory of international economic integration, in the long term such integration processes should stimulate not only short-term trade effects but also long-term investment effects. The article aims to answer the question whether and how membership of an economic community by a fragile state influences the occurrence of dynamic integration effects. The examination is based on the example of the Economic and Monetary Community of Central Africa (CEMAC). The article uses an analytical and descriptive method on the basis of domestic and foreign literature sources and UNCTAD and IMF statistics. The analysis suggests that from the point of view of member countries of African economic communities, the mere fact of membership of such a community is no vital driver of FDI within the internal market, particularly important to capital-poor fragile states.

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Author Biographies

  • Joanna Garlińska-Bielawska, Cracow University of Economics

    An Assistant Professor in the Department of International Economics at Cracow University of Economics. Her research interests are focused on the economics of international integration (especially between less-developed countries), economic problems of developing countries, regionalization in Africa. She is also a lecturer at Cracow University of Economics – courses in international economics, economics of European integration, regionalization in the world economy. Joanna Garlińska-Bielawska is a member of international research group: Le réseau universitaire des Pays du Grupe du Vysegrad (PGV) and Economic Society of Thessaloniki.

  • Małgorzata Janicka, University of Lodz

    An Associate Professor in Economics at the University of Lodz (Poland). She is the Deputy Director of the Institute of International Economics, the Head of the Department of International Finance and Investment and the Head of the Centre for Capital Investment Research at the University of Lodz, Faculty of Economics and Sociology. Her research interest covers International Economics and International Finance (especially International Capital Flows and International Monetary Systems).

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Published

25-07-2018

Issue

Vol. 15 No. 5(56) (2018): The Problem of Africa's Dysfunctional States

Section

Articles

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Copyright (c) 2022 Joanna Garlińska-Bielawska, Małgorzata Janicka

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

“Fragile States in African Economic Communities As Exemplified by the Economic and Monetary Community of Central Africa (CEMAC) – Investment Issues”. 2018. Politeja 15 (5(56): 231-46. https://doi.org/10.12797/Politeja.15.2018.56.13.