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Questions and Answers
What is one of the main objectives of the African Union?
What is a major reason why the Economic Community of West African States (ECOWAS) has not fully developed?
What is the ultimate goal of the East African Community (EAC)?
What is a mechanism used by the African Union to promote peace and security?
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What is a challenge facing the Economic Community of West African States (ECOWAS)?
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What is one of the objectives of the East African Community (EAC)?
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What is a major obstacle to achieving macroeconomic stability in the Eurasian Economic Union (EAEU)?
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What is the primary goal of the Southern African Customs Union (SACU)?
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What is a criterion for macroeconomic stability in the Eurasian Economic Union (EAEU)?
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What is a major difference between the European Economic Area (EEA) and the European Union (EU)?
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What is the main objective of the Economic Community of Central African States (ECCAS)?
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What is a priority area of integration targeted in the Founding Treaty of the Eurasian Economic Union (EAEU)?
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Study Notes
African Union (AU)
- Aims to achieve unity, defend sovereignty, accelerate integration, promote peace and security, uphold democratic principles, protect human rights, and foster sustainable development.
- Prioritizes creating a peaceful and stable environment through mechanisms like the Peace and Security Council and the African Standby Force.
Economic Community of West African States (ECOWAS)
- Has not fully developed due to:
- Political instability and frequent conflicts
- Economic disparities among member states
- Weak infrastructure
- Limited financial resources
- Persistent trade barriers
- Institutional weaknesses
- Security challenges like terrorism and organized crime
East African Community (EAC)
- Main objectives:
- Establishing a customs union
- Creating a common market
- Achieving a monetary union
- Ultimately forming a political federation
Economic Community of Central African States (ECCAS)
- Factors limiting effectiveness:
- Political instability and conflicts
- Economic disparities and weak economies
- Inadequate infrastructure
- Institutional weaknesses and poor governance
- Insufficient funding and resources
Southern African Customs Union (SACU)
- Objectives:
- Facilitating the free movement of goods
- Creating effective trade and competition policies
- Equitable sharing of customs revenue
- Coordinating economic policies and development strategies
Eurasian Economic Union (EAEU)
- Priority areas of integration:
- Free movement of goods, services, capital, and labor
- Harmonization of economic policies
- Creation of a single market
- Unified transport, energy, and agricultural policies
- Industrial and technological cooperation
- Criteria for macroeconomic stability:
- Inflation rate: controlled below a set threshold
- Public debt: limited to a certain percentage of GDP
- Budget deficit: kept within defined limits
- Obstacles to achieving these criteria:
- Economic disparities
- Political differences
- External economic shocks
- Institutional weaknesses
- Commodity dependence
European Continent
- Regional organizations:
- European Union (EU)
- European Economic Area (EEA)
- European Free Trade Association (EFTA)
- Council of Europe
- Organization for Security and Co-operation in Europe (OSCE)
European Union (EU)
- A political and economic union of 27 European countries aimed at promoting economic integration, political cooperation, and regional stability through common policies and institutions.
European Economic Area (EEA) and European Union (EU)
- Relationship: The EEA includes EU member states and three EFTA states (Norway, Iceland, and Liechtenstein) to allow participation in the EU's single market.
- Differences:
- EU: Full political and economic union with its own institutions and legislative power.
- EEA: Primarily focused on extending the single market; EFTA states in the EEA do not participate in EU political institutions.
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Description
Understand the objectives and principles of the African Union as outlined in its Founding Treaty, including promoting peace and security in the region.
