The comparative African regional economics of globalization in financial allocation efficiency: the pre-crisis era revisited

Asongu, Simplice A.; Nnanna, Joseph; Tchamyou, Vanessa S.

doi:10.1186/s40854-019-0166-9

Cited by 9 publications

(5 citation statements)

References 126 publications

(119 reference statements)

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“…Home country investors (in this case China) can understand the various factors affecting the OFDI in each industry and select the most appropriate OFDI host countries, and in the host countries, the government can work on providing the specific factors needed to attract more Chinese OFDI to particular industry. With appropriate Chinese investor decisions and a favorable business environment in the host countries, the efficiency of Chinese OFDI could be significantly improved [2]. However, as most existing studies have analyzed Chinese OFDI location choice determinants based on aggregate OFDI data [3][4][5][6][7][8][9], the specific determinants in each industry have not been distinguished.…”

Section: Introductionmentioning

confidence: 99%

Chinese Industrial Outward FDI Location Choice in ASEAN Countries

Zeng

et al. 2020

Sustainability

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This paper examined the location choices of Chinese outward FDI (OFDI) from 2005–2016 with a particular focus on the Association of Southeast Asian Nations (ASEAN) countries. It was found that Chinese OFDI in ASEAN countries was generally focused on areas that had large potential markets and low tax rates. Unlike previous studies, it was found that primary and secondary industry labor costs were the main motivators rather than resource-seeking. The business environment in the host countries was also found to have positive and significant effects on Chinese OFDI location choice for the agricultural, mining, construction, and information industries. The insights in this paper could provide useful suggestions for both governments and investors.

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Section: Introductionmentioning

confidence: 99%

Chinese Industrial Outward FDI Location Choice in ASEAN Countries

Zeng

et al. 2020

Sustainability

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“…The study improved on the models published by the African Union and other development agencies and recommended ways of improving the convergence criteria. Asongu et al (2020) for the Southern African Monetary Union (SAMU), Ndongo (2020) for CFA countries, Osabuohien et al (2019), Oyadeyi (2022b), and Oyadeyi (2023b) recommended ways of improving the solidarity of countries and how they can strengthen their economies. In essence, it is clear from the reviewed literature that the convergence criteria within the ECOWAS region have generated mixed findings.…”

Section: Empirical Issues On Monetary Integrationmentioning

confidence: 99%

Monetary Integration Across West Africa: Is the Region Ripe for a Monetary Union?

Oyadeyi

2024

Sage Open

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This study investigates the possibility of forming a monetary union across West Africa. This was achieved by employing the structural VAR framework. Data on real GDP, inflation, and exchange rate were used to represent supply, monetary, and demand shocks from the period 1986 to 2020. The impulse response and variance decomposition results showed that shocks affecting the West African region are idiosyncratic, while the residuals of the structural VAR were used to compute the correlation coefficient. The correlation coefficient revealed that the demand and monetary shocks were symmetric across WAEMU countries and asymmetric for the rest of the region. The study suggests that the West African region is not ripe for a monetary union. However, the study opined that the WAEMU countries are the closest to forming a West African monetary union and a piecemeal approach may be adopted such that the WAEMU countries are the first to form the union, while the rest may join when they meet the convergence criteria. In essence, West African countries’ central banks need to focus on harmonizing their monetary policies and remove all barriers to factor mobility for the synchronization of shocks and for all countries to meet the convergence criteria.

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“…SAPs marked significant proof of how externalities of globalisation and attendant global capitalism propelled the African regional state's shaping and indicated the need for African solutions to African problems. The multidimensional nature of contemporary regionalisation in Africa occurs in various forms, but it is mainly seen from an economic and financial perspective (Draper, 2010;Asongu et al, 2020). It also finds its interpretation in dominant regional integration theories, including neorealism, neo-functionalism structuralism, etc.…”

Section: Understanding Globalisation Gog Agenda and The Making Of Rog In Africamentioning

confidence: 99%

Exploring the Nexus and Utilities Between Regional and Global Ocean Governance Architecture

Adewumi

2021

Front. Mar. Sci.

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Regional and global ocean governance share complex, co-evolutionary histories in which both regimes – among others – interacted with and used the ocean and resources therein to consolidate, expand, and express power. Simultaneously, regional and global ocean governance relations have changed continuously, particularly when we are trying to understand their differences within the logic of regionalisation, regionalism, and globalisation. The paper is generally based on deductive reasoning and reflects scholarship in security studies, political science, international law, international relation, development studies, and African studies. It delves into the critical aspect of understanding the nexus/relationship between regional and global ocean governance in critical traditional and contemporary ocean policy domains, specifically from an African regional ocean governance standpoint. Ocean governance processes that are historically confronted by globalisation, multilateralism, and post-colonisation are confronted by the rise of regionalism, especially the need for nation-states and regions to respond to and manage traditional and emerging ocean challenges. Responses to these challenges by various actors, including states, economic blocks, private sector, financial institutions, and non-governmental organisations, development partners, etc., result in different forms of relationships that refocus regions’ activities toward globally defined ocean agendas. A review of different policy domains (including maritime security, environmental, economic, and socio-political governance) critical for regional ocean governance sets a robust background for understanding the contextual factors and concerns inherent in the regional-global ocean governance nexus. These outcomes, therefore, help us to arrive at a five-fold taxonomy of different types/degrees of linkages developed around the regional-global ocean governance relationship spectrum described as (1) discrete, (2) conflictual, (3) cooperative, (4) symmetric, and (5) ambiguous. Comparatively, experience and perspective from Africa are utilised to support raised arguments about these linkages. Furthermore, this spectrum allows for the diagnosis of the utilities and most prevalent arguments that regional governance’s effectiveness is directly related to the nature of the interaction between regional governance schemes and global governance; and vice-versa. This paper’s outcomes reveal how government, institutions, actors, and researchers address the relationship between regional and global ocean governance and generate a valuable way to think about current and future global and regional ocean governance direction while outlining some logical possibilities for an effective form of ocean governance.

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The comparative African regional economics of globalization in financial allocation efficiency: the pre-crisis era revisited

Cited by 9 publications

References 126 publications

Chinese Industrial Outward FDI Location Choice in ASEAN Countries

Chinese Industrial Outward FDI Location Choice in ASEAN Countries

Monetary Integration Across West Africa: Is the Region Ripe for a Monetary Union?

Exploring the Nexus and Utilities Between Regional and Global Ocean Governance Architecture

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