Regional cooperation and integration within industry and trade in Southern Africa: General approaches, SADCC and the World Bank
This book finds that in spite of SADCC's efforts to develop an industrial and trade policy very few practical results were achieved: a key reason being that the macro-economic setting in the member states shifted faster than SADCC was able to adjust its policies. Scrutinizing the policies of the main proponent of the new economic environment, the World Bank, conflicting recommendations emerge on the regional level: one insists on the primacy of unilateral openings toward the world market, whereas on the basis of political consideration another indicates that regional market sharing might lead to greater world market openness in the long run. This corresponds to a paradigm in the making identified as one of the general approaches to regional integration. (DÜI-Hff)