New currency has different impacts on businesses and individuals, which creates more points of view on the usefulness of currency unions. Citizens of some AU member states are apprehensive about the consequences on their personal well- being and livelihoods of growing Chinese presence in their national economies. Its predecessor was the Organization for African Unity (OAU)—established in 1963. The African Union is one of the world's most important intergovernmental organizations. It offer cross-border client services and provide distinctive local knowledge which will be immense benefit to your customers’ businesses. The EEC created a Customs Union when it formed in 1957. Now I’m going to talk about advantages and disadvantages Regional integration refers to various types of political and economic agreements that form closer ties between sovereign countries. Advantages and disadvantages Implementing a new currency in a country is always a controversial topic because it has both many advantages and disadvantages. Although union members typically enjoy higher wages, membership in a union has both monetary and nonmonetary costs. This is in no way to discriminate the AU or to create controversy, this is to solely show the disadvantages of AU for the people who are interested in the AU. According to the U.S. Bureau of Labor Statistics, the 2014 median weekly pay for full-time workers belonging to a union was $970, compared to $763 for their nonunion counterparts. National interest is best served by airlines over which the relevant state has direct control. 9 Disadvantages and Advantages of Labor Unions. Indigenous cultures throughout the world have fought to enshrine into law parameters to protect their cultural intellectual properties by patents or trademarks. Its electronic channels are best in security. Member countries can no longer earn revenue from tariffs. The advantages and disadvantages of the European Union show us that a greater good can come from such a structure. The social impact of the World Cup was that of bringing people of different races, ages, genders and backgrounds together to unite for the cause of supporting the country and of being good hosts. African leaders from 44 African nations gathered at the African Union Summit from March 17th to 21st 2018 in Kigali, Rwanda, and signed the Continental Free Trade Area (AfCFTA) treaty to create the world’s largest single market. Judging from the drastic fall in conflicts and coups, and the increasing number of successful elections in the region in the past decade, it can be inferred that on balance actions by the AU has added value to Africa’s ‘political performance’ . The biggest leader though was President Lincoln. These leaders include Abraham Lincoln, Philip Sheridan, and Ulysses Grant. The Free Trade Area will represent a GDP of US $2.6 trillion and a population of 1.7 billion people. Labor unions help workers get better benefits. The African Union has succeeded in developing cooperation and unity inside Africa as a whole, taking into consideration its efforts towards reducing conflict and improving democracy. You can update your cookie preferences at any time. The idea is not for African designers to fight the uphill battle of patenting traditional design, but to better establish and enhance their economic gain on the global design platform to help propel them as the industry’s leaders in African design content. When the war began, many key questions were still unanswered. Manufacturers can easily copy other member countries’ products. Southerners enjoyed the initial advantage of morale: The South was fighting to maintain its way of life, whereas the North was fighting to maintain a union. African cultural forms continue to survive and thrive because of its. 1. Single Market. To … The Customs Union was completed in 1968. “Economic research shows that unionized workers typically receive higher wages than otherwise comparable non-union workers.This “union wage advantage” is greatest for people who would otherwise be lower-paid workers. Regional integration refers to various types of political and economic agreements that form closer ties between sovereign countries. (Kriek, 2012). The Civil War, which began in April of 1861, was the battle of the northern and southern states of America. This means that they had seve… Advantages And Disadvantages Of The African Union African Fashion Analysis. High and still rising levels of unemployment among young people in Africa prompted heads of state at the AUsummit in Malabo, Equatorial Guinea, last June to adopt a ‘Declaration on Creating Employment for Accelerating Youth Development and Empowerment’. They work directly with their union board to communicate their demands, and the union board then negotiates with the employers on the workers behalf. This is their official website. However, they are different in many ways. Some landlocked nations have overcome these disadvantages, providing templates for others to follow. Africa’s traditional partners in the West tend to view its relationship with China with some concern and scepticism regarding motive and outcome. With consistent growth came diversification. The AU has clearly had reasonable achievements through its direct contribution and partnership with the international body to resolving and decreasing conflicts in some of the region’s hotbeds. University Profile United Kingdom It was agreed that a Continental free Trade Area will be established with the following objectives; 1. The European Union creates stability because all of the nations belonging to the agreement (or NATO) work together for their mutual good. The AU’s unique voluntary ‘Peer Review Mechanism’ by which individual member states agree to be assessed by a team of experts drawn from other states is designed to encourage democracy and good governance. Facebook. The advantages and disadvantages of globalization above will surely give you lots of great learning. 1. These advantages and disadvantages of the European Union typically divide people into two different categories. There are many benefits that the EU has brought to the world from an international perspective. The present experience of monetary union within the EU could also be a source of disincentive. This paid off. The main UN centers are in Kenya and Ethiopia. The African Union is one of the world 's most dominant intergovernmental operations. ", Each of these cultures is defined by values, traditions, social habits and behaviours, language, belief systems, concepts of the universe, dress, music and arts that they encompass (www.worldtransformation.com 2013) According to Falola and Salm (2002 p. ix), the Africans regard culture as essential to their lives and future development. Its solutions, that is its products are fully customised and delivered through the most extensive banking network in Africa. Absence of a standing army: Another problem faced by the African Union is the fact that it lacks a standing or ready army which makes it difficult when it comes to enforcing political decisions of the unions. This essay will cover its successes as well as weaknesses in terms of strengthening its ties amongst the member states through social, economic and political matters. The main example of this is the introduction of the Euro in the European Union. New currency has different impacts on businesses and individuals, which creates more points of view on the usefulness of currency unions. Facebook Twitter Google+ LinkedIn StumbleUpon Tumblr Pinterest Reddit VKontakte Odnoklassniki Pocket. The AU has clearly had reasonable successes through its direct contribution and collaboration with the international community to settling and minimising conflicts in some of the region’s hotbeds, such as trouble spots in the Sudan, resolving post-election violent conflicts in Cote d’Ivoire and Kenya, and forcing military coup-makers to hand back power to civilian regimes. like in the case of European union all the 12 countries had to give up their monetary rights to the European central bank with decides the monetary policies for all the nation . ... leaders would rather enjoy the luxury of being African when it suits them and Middle Eastern when that offers more advantages. This is the oldest Customs Union in the world, dating back to 1910, before its member countries were independent. With the advantages and disadvantages of the European Union, there are many positives to consider from a relationship standpoint. Coventry The AU rightly recognizes the demographic dividend to be reaped from the region’s youthful population structure, as numerous countries in Asia have benefited from over the past two decades, and, hence, member states are encouraged to link their growth performance and development pattern to the creation of employment and socio-economic opportunities especially for young people. Economic integration generates a substantial reduction in the cost of trade. Economic Blocks: Characteristics, Advantages And Disadvantages. In considering the possible net economic benefits of monetary union, similarity of production structures, factor mobility, flexibility of wages and prices, and symmetry of shocks hitting the economies all enhance the attractiveness of such a union. 1. In order to enjoy the benefits from a legally recognised marriage, couples should familiarise themselves with the different marital regimes in South Africa , as well as the advantages and disadvantages of civil marriage. A major challenge confronting the AU and its leaders is how to respond to the job and livelihood aspirations of Africa’s youth who account for as much as three-quarters of the labour force in most countries; many have gone to school and attended universities to become productive members of society, but end up being jobless. The last AU summit failed to agree on the adoption of a continent-wide trade proposal, but awareness of the importance of trade barriers for economic growth is not lost as a development priority – seeing that theme of the 19th summit, 9-16 July 2012, is “Boosting intra-Africa trade”. Free trade area. Free Trade Area vs. Customs Union vs. Political globalization is the reason that the UN exists and can uphold political peace between countries and help foreign countries aid African countries in need. The African Union wants to be taken seriously. the Africa Union is from its creation - a joke destined to fail and again prove the world right – Africa cannot guide itself out of the condition that it finds itself in. More recently, these PSOs have been authorized and carried out under Economic Community of West African States (ECOWAS) mandates and often, Nigerian took a leading role at the operational level. The European Union creates an allied front against outside aggression.The past 50 years in Europe have been some of the most peaceful out of the last 1,000 years of history. Africa’s 17 landlocked countries have built-in geographic disadvantages that contribute to poor performances in economic, social and even political growth. The brilliant Ricardo devised this, it is the ultimate argument to those who argue Economics is either too complicated to be of any use or simple common sense. In fact, there are major differences among the West African … The processes of economic integration have positive and negative consequences for the countries, although they are not the same in all cases. Using mobile phones has lots of advantages and disadvantages and most you will be aware of that. FedEx has a program to empower and motivate employees with responsibilities and allowing them to make some decision to improve delivery that enhances customer satisfaction (Mohammed, et, al. In pursuit of prosperity in the region, the AU has in place declarations and institutions to promote and support economic integration among its 54 member states as the pathway to sustainable development. Each side sees the glass as being half-full, with the other side being wrong. It is strategically positioned to deliver banking services and solutions. A free trade area is concerned with removing tariffs, as well as the measures that are applied to member countries as they trade with each other. 4. Image Library Maybe more importantly, founder and creative director of online African fashion and lifestyle boutique Heritage 1960, Enyinne Owunwanne, suggests that “storytelling is one of the most meaningful methods of cultural proliferation. Advantage . This is most obvious in the case of China’s ever growing presence in Africa, which the AU appears to regard as a positive factor. Over the years, the firm has cemented its place at the pinnacle of the robust technology industry in East Africa. The EEC Customs Union was an important precursor to the Single Market as it abolished internal tariffs and abolished rules where you had to prove the countries origin. ... advantages and disadvantages to emulating the EU model if in fact this is the case. Advantages and Disadvantages of International Trade. AU observer missions are now sent as a matter of routine to cover elections in all member states, in accordance with the African Charter on Democracy, Elections and Governance (2007). Union Advantages: Leaders. Also, we’ll ask if there are advantages and disadvantages to emulating the EU model if in fact this is the case. A single market has many benefits. Social Media, University of Warwick 2016, p. 1371). This has given the Union a more strategic advantage over the Confederacy.2. A myriad of non-tariff barriers to cross-border trade, characterised chiefly by long delays at border crossings and legal and illegal payments which increase transaction costs, is a major obstacle to expansion of intra-African trade. Fax: +44 (0)24 7646 1606. The Europe, Middle East, Indian-sub-Continent and Africa (EMEA) express has enjoyed the company 's long history of full empowerment. Adams also mentions that the country is going through a transition from a painful and divided past and that South Africans are trying to become one nation (2010). It is an existing union between five South African countries: Botswana, Lesotho, Namibia, South Africa and Swaziland. Advantages & disadvantages of single currencies Advantages & disadvantages of single currencies / monetary integration. Advantages and disadvantages Implementing a new currency in a country is always a controversial topic because it has both many advantages and disadvantages. The African Union by Makaria Green The African Union (AU) was established on July 8, 2001. 2. Proposals for an African central bank and an African monetary union at the continental level are still on the drawing board, as vested interest and concerns about sovereignty hold back the necessary political will to drive the process. It allows local business and IT staff to be innovative (Viaene & De Hertogh, 2010, p. 324). A move that is expected to usher in the establishment of an African Customs Union. They work directly with their union board to communicate their demands, and the union board then negotiates with the employers on the workers behalf. Disadvantages of currency union Loss of sovereignty: – This means that country adopting the Common currency has to give up the Monetary policies to the body who is controlling the union . However, at the moment, there is nothing tangible to boast about. Advantages And Disadvantages Of The African Union 965 Words | 4 Pages. Kenya reinsurance has formulated specific objectives that contribute to the success of the organizations. Copyright © 2020 IPL.org All rights reserved. The issue of economics is a very different question, since each member has unique needs that a continental body cannot always meet. Monetary union: this is when two or more unified countries use the same currency with having the fixed exchange rate and this controlled by one central bank this is considered as the last step of economic integration. ADVANTAGES: DISADVANTAGES: National interest: It is not advisable for States to become too dependent on 5th freedom services to serve their needs. Some of the major aims of the African Union include solving of the problem of the slow pace of economic development in the continent and to promote unity and solidarity among African countries. Tel: +44 (0)24 7652 3523 The biggest advantage of indigenous education is that you are able to make education more relevant to the learner because it becomes more relate-able, it becomes more modern The only disadvantage that I know of is that it’s difficult to do. Advantages and Disadvantages of The Union and The Confederacy. Be the reinsurer of choice in their chosen, 6 Political globalization can be very beneficial when countries need to stand together and support each other during difficult times such as unforeseen natural disasters or terrorist attacks. That means there are lower cost burdens to worry about with each transaction, prices stay lower, and there c… Although the Confederacy had good leaders too, the Union had more. mandate of the then Organization of African Unity (OAU), now African Union (AU). The AfCFTA agreement seeks the creation of a single African market for goods and services, with free movement of business persons and investments. 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