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Integrating Africa by Competition and Market Policy

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  • Eleanor M. Fox

    (New York University School of Law)

Abstract

Africa has the African Continental Free Trade Area (AfCFTA). The agreement will lower tariffs and facilitate internal market trade on the continent, and policy makers hope that it will help lift 30 million people out of poverty. A competition protocol is now in the process of negotiation and proposals have been made ranging from a full, detailed, technical competition law as in the West to a scaffolding of regional cooperation. For the competition element of AfCFTA, this article makes a bold suggestion: Africa needs a basic but deep competition protocol, which concentrates on the priorities “at the top”: It needs to rid the continent of insidious trade-and-competition restraints at member state borders that prevent African integration, which requires a joinder of trade-and-competition violations. And it needs a voice at the top to take a stand for the continent: for example against the mega-mergers that hurt Africa. Only with these three elements—clear basic rules, trade/competition restraint prohibitions, and a voice at the top—can Africa hope to realize the promise of Africa.

Suggested Citation

  • Eleanor M. Fox, 2022. "Integrating Africa by Competition and Market Policy," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 60(3), pages 305-326, May.
    • Handle: RePEc:kap:revind:v:60:y:2022:i:3:d:10.1007_s11151-022-09854-1
    DOI: 10.1007/s11151-022-09854-1
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    References listed on IDEAS

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    1. Meysut Saygili & Ralph Peters & Christian Knebel, 2018. "African Continental Free Trade Area: Challenges and Opportunities of Tariff Reductions," UNCTAD Blue Series Papers 82, United Nations Conference on Trade and Development.
    2. Wil Hout & M. A.M. Salih, 2019. "A Political Economy of African Regionalisms," Books, Edward Elgar Publishing, number 16938.
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    Cited by:

    1. Debrah, Yaw A. & Olabode, Oluwaseun E. & Olan, Femi & Nyuur, Richard B., 2024. "The African Continental Free Trade Area (AfCFTA): Taking stock and looking ahead for international business research," Journal of International Management, Elsevier, vol. 30(2).
    2. Walid Gani, 2024. "Does Competition Spur Innovation in North Africa? Evidence from a Panel ARDL Approach," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 16(2), pages 212-230, May.

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