The effect of integration, global value chains and international trade on economic growth and food security in ECOWAS

Tinta, Almame Abdoulganiour; Sarpong, Daniel Bruce; Ouédraogo, Idrissa; Hassan, Ramatu Al; Mensah‐Bonsu, Akwasi; Onumah, Edward Ebo

doi:10.1080/23311932.2018.1465327

Cited by 26 publications

(41 citation statements)

References 40 publications

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“…6 Alongside Fagiolo et al (2010), Ospina (2013), Kastelle and Liesch (2013), Beaton, Cebotari, Ding, and Komaromi (2017), and Soyyigit and Yavuzaslan (2018). 7 On the importance of global value chains on nowadays trade, see Baldwin (2011), Hernández et al (2014), Fernández-Stark, Bamber, and Gereffi (2014), and Tinta et al (2019).…”

Section: Introductionmentioning

confidence: 99%

Colombian liberalization and integration to world trade markets: Much ado about nothing

Cepeda-López¹,

Gamboa‐Estrada²,

León-Rincón³

et al. 2019

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The objective of this article is to study the evolution of Colombian liberalization and integration into world trade from 1996 to 2018. We achieve our objective by measuring Colombia's importance in the world trade network-by value (US dollars) and volume (tons). We employ several types of network centrality metrics to measure importance (i.e. degree, strength, hub, authority), and examine their dynamics against a set of regional peers that serve as benchmark countries. Consistent with previous literature, more than two decades of dedicated trade policies and institutional changes resulted in increased value and volume of exports and imports. However, when compared with regional peers such as Chile, Brazil, Mexico, and Peru, and China and the United States as trade leading countries, Colombia's centrality in the world trade network did not improve accordingly. Further, excluding a set of key commodities across the world trade network (i.e. minerals, fuels, and metals) resulted in a noticeable worsening in Colombia's centrality. We conclude that Colombia's centrality in the world trade network did not improve, whereas that of some of her regional peers did manifestly (i.e. Peru and Chile). Results highlight the perils of analyzing a country's trade dynamics in isolation and emphasizes the usefulness of examining the world trade network. From the economic policy and institutional perspectives, results underscore the challenges ahead to better integrate into world markets and to achieve long-term economic growth from trade.

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Section: Introductionmentioning

confidence: 99%

Colombian liberalization and integration to world trade markets: Much ado about nothing

Cepeda-López¹,

Gamboa‐Estrada²,

León-Rincón³

et al. 2019

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“…Also, opening to international trade is not a sufficient condition to increase economic growth, other factors such as infrastructure, investment, industrial development, protectionist policies, and technology progress need to be effective, the incidence of political instability negatively affects food security. Some researchers find similar results for ECOWAS, ASEAN, emerging and most commodity-dependent developing countries [15,16,17]. While the SC&CA has made significant progress in integrating with the rest of the world, intra-regional trade has yet to expand.…”

Section: Introductionmentioning

confidence: 80%

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Guliyev

Huseynova

2021

SHS Web of Conf.

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Research background: The disappointing economic results of the global economic crises, which brought macroeconomic instability, increasing inequality, are often understood as results of globalization. In this article, besides the positive effects, the many unavoidable negative impacts of globalization on the South Caucasus and Central Asia region are discussed. It is shown that responsibility for the economic crisis is not entirely globalization but a combination of the raw material based economy, together with incorrect trade policy. In this article, an alternative view of globalization is offered, including diversification policy challenges. It also explores the main tools of dissemination of globalization, which has created many new opportunities for business in the region. Purpose of the article: The aim is to find out to what extent the countries are involved in international integration, comparative analysis transformative impacts of globalization. Methods: The methods of comparative analysis and systematization of scientific approaches were employed. The research contains an analysis of the region’s position in the international trade and investment. Findings & Value added: The region has to concentrate on a new picture of the multipolar world. In the region countries, the processes of globalization were accelerated after the countries became a member of WTO, ADB and integration into the international relations. The findings in general correspond with the trends in emerging markets that the process of globalization is gradually turning into functional mechanism of competitiveness, but there are some differences. The impacts of globalization process are progressively increasing, also there are new unforeseen impacts evolving.

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“…[24] researched the impact of agricultural trade openness on food security in Iran over the period 1999-2013 with ARDL approach and revealed that agricultural trade openness raised the food security in Iran in the long run. Lastly, [25] researched the influence of regional integration over the food security in ECOWAS countries by panel regression analysis over the 1995-2012 period and revealed that international trade affects the food security positively, but regional integration had no significant effects on food security.…”

Section: Literature Reviewmentioning

confidence: 99%

Globalization and food insecurity in Middle East and North Africa: A panel cointegration and causality analysis

Bayar¹

2019

UJFS

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Introduction. It was researched the role of the globalization process in partial improvements in both undernourishment and hunger through decreasing the food insecurity in sample of Middle East and North Africa region over the 1999-2015 period. Materials and methods. Westerlund and Edgerton (2007) cointegration test and Dumitrescu and Hurlin (2012) causality test were employed to analyze the short and long run impacts of various globalization types on the food insecurity. Results and discussion. The cointegration coefficients revealed that trade globalization, financial globalization, social globalization, and political globalization negatively affected the prevalence of undernourishment. In other words, the components of globalization decreased the food insecurity in overall panel. However, trade globalization decreased the food insecurity in

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The effect of integration, global value chains and international trade on economic growth and food security in ECOWAS

Cited by 26 publications

References 40 publications

Colombian liberalization and integration to world trade markets: Much ado about nothing

Colombian liberalization and integration to world trade markets: Much ado about nothing

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Globalization and food insecurity in Middle East and North Africa: A panel cointegration and causality analysis

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