History of Sub-Saharan Africa's Long Journey towards Economic Emancipation: The African Growth and Oppportunity Act (AGOA) and its Challenges

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18460%2F23%3A50020474" target="_blank" >RIV/62690094:18460/23:50020474 - isvavai.cz</a>

Výsledek na webu

<a href="https://brill.com/view/journals/bafr/aop/article-10.1163-09744061-bja10081/article-10.1163-09744061-bja10081.xml" target="_blank" >https://brill.com/view/journals/bafr/aop/article-10.1163-09744061-bja10081/article-10.1163-09744061-bja10081.xml</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1163/09744061-bja10081" target="_blank" >10.1163/09744061-bja10081</a>

Jazyk výsledku

angličtina

Název v původním jazyce

History of Sub-Saharan Africa's Long Journey towards Economic Emancipation: The African Growth and Oppportunity Act (AGOA) and its Challenges

Popis výsledku v původním jazyce

The history of the African Growth and Opportunity Act (AGOA) i.e., the trade partnership between the US and sub-Saharan African states indicates that the initial Clinton Administration blueprint for this venture was to operate for eight years, from 2000 to 2008. However, in 2004 George Bush, the incoming US president, pushed the AGOA mandate to 2015. Before the AGOA order could expire, its mandate was again extended to 2025 by then US president Barack Obama. This study argues that the lofty ambitions inscribed in the design of AGOA seem not to have lived up to their billing. The study finds that the theoretical win-win proposition that was envisioned does not appear to have yielded the desired economic results for sub-Saharan states mainly because the enterprise is likely a one-sided trade deal in favour of the US. Data for this study was gathered from qualitative and quantitative sources. The study concludes that given the pattern of the US engagements with sub-Saharan Africa, which seems only focused on advancing US national interests, the sub-Saharan region needs to devise alternative trade partnerships if its economy is to grow. The study recommends that sub-Saharan Africa focuses on intra-Africa trade. Alternatively, it should strengthen development cooperation with emerging markets such as the BRICS (Brazil, Russia, India, China, and South Africa).

Název v anglickém jazyce

History of Sub-Saharan Africa's Long Journey towards Economic Emancipation: The African Growth and Oppportunity Act (AGOA) and its Challenges

Popis výsledku anglicky

The history of the African Growth and Opportunity Act (AGOA) i.e., the trade partnership between the US and sub-Saharan African states indicates that the initial Clinton Administration blueprint for this venture was to operate for eight years, from 2000 to 2008. However, in 2004 George Bush, the incoming US president, pushed the AGOA mandate to 2015. Before the AGOA order could expire, its mandate was again extended to 2025 by then US president Barack Obama. This study argues that the lofty ambitions inscribed in the design of AGOA seem not to have lived up to their billing. The study finds that the theoretical win-win proposition that was envisioned does not appear to have yielded the desired economic results for sub-Saharan states mainly because the enterprise is likely a one-sided trade deal in favour of the US. Data for this study was gathered from qualitative and quantitative sources. The study concludes that given the pattern of the US engagements with sub-Saharan Africa, which seems only focused on advancing US national interests, the sub-Saharan region needs to devise alternative trade partnerships if its economy is to grow. The study recommends that sub-Saharan Africa focuses on intra-Africa trade. Alternatively, it should strengthen development cooperation with emerging markets such as the BRICS (Brazil, Russia, India, China, and South Africa).

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50601 - Political science

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Africa Review

ISSN

0974-4053

e-ISSN

0974-4061

Svazek periodika

15

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

37

Strana od-do

377-413

Kód UT WoS článku

001113097800005

EID výsledku v databázi Scopus

2-s2.0-85163650511