The negotiations for the East African Monetary Union, which commenced in 2011, and fast tracking the process towards East African Federation all underscore the serious determination of the East African leadership and citizens to construct a powerful and sustainable East African economic and political bloc. Africa’s traditional partners in the West tend to view its relationship with China with some concern and scepticism regarding motive and outcome. United Kingdom Regional integration refers to various types of political and economic agreements that form closer ties between sovereign countries. Some landlocked nations have overcome these disadvantages, providing templates for others to follow. CV4 7AL 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 Twitter Google+ LinkedIn StumbleUpon Tumblr Pinterest Reddit VKontakte Odnoklassniki Pocket. It was agreed that a Continental free Trade Area will be established with the following objectives; 1. Labor unions help workers get better benefits. The Union states had leaders like Ulysses S. Grant, William Sherman, Philip Sheridan, and George Thomas, among others. Press and Media Relations That means there are lower cost burdens to worry about with each transaction, prices stay lower, and there c… 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. There are many benefits that the EU has brought to the world from an international perspective. 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. It is noted how Nelson Mandela was also acknowledged for helping to achieve this unity, as he had secured the rights to host the event in 2004 (Adams, 2010). These advantages and disadvantages of the European Union typically divide people into two different categories. 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). The African Union after 10 years: Successes and Challenges. Africa’s 17 landlocked countries have built-in geographic disadvantages that contribute to poor performances in economic, social and even political growth. His utter determination to win was key in the Civil War. disadvantages: - there is corruption withing the leaders of the organization-focusing on only one goal in which … a) Foot prints across Africa Facebook. The EEC created a Customs Union when it formed in 1957. 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. New currency has different impacts on businesses and individuals, which creates more points of view on the usefulness of currency unions. With Africa rapidly on the rise – home to seven of the world’s fastest growing economies – African leaders are looking to safeguard a future of sustained growth. From hardware solutions, Computech grew its product and service offering to include software solutions, managed services, enterprise solutions , and many more. "Covid-19 has given us the opportunity to see the power of the private sector" -Asmae Boureddaya @AsmaeB15… twitter.com/i/web/status/1… The disadvantages must be recognized, however, and then proactively removed from the equation to prevent loss of life, reduced economic influence, and other unforeseen issues that may arise. SATUCC Southern Africa Trade Union Co-ordination Council SESTUZ Secondary School Teachers Union of Zambia SNC Standing Negotiation Committee SNDP Sixth National Development Plan SSA Sub-Saharan Africa SSANIP Senior Staff Association of Nigerian Polytechnics . This has given the Union a more strategic advantage over the Confederacy.2. On 8 July 2016, following 12 years of negotiations, Tanzania announced that it will not be signing the European Union (EU) – East African Community (EAC) Economic Partnership Agreement (EPA) citing the United Kingdom referendum result on leaving the EU as one of the reasons for its decision. Moreover, “the role of foreign. The charter that created the OAU was the result of several multinational African conferences held in the 1950s and 1960s aimed at supporting Africans Advantages and Disadvantage of Mobile Phones. 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’. As the successor to the Organisation of African Unity (OUA), which was created in 1963 to eliminate the last vestiges of colonialism in Africa, the African Union (AU) came into existence in July 2002 at the Durban heads of state summit with the more focused goal of propelling African states towards peace and prosperity as the basis for achieving the … Kenya reinsurance has formulated specific objectives that contribute to the success of the organizations. The main example of this is the introduction of the Euro in the European Union. 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. The African Union was established in order to solve so many issues facing the African continent and beyond. The AfCFTA is the largest in the world in terms of participating countries since the formation of the World Trade Organization,2 as it translates to a marke… Image Library It offer cross-border client services and provide distinctive local knowledge which will be immense benefit to your customers’ businesses. Therefore, within a South African context I/O psychologist aim/goal is to provide a space were diversity and transformation among employees are encouraged as well as implementing employee-orientated activities, in connection with human resources; economic and marketing improvement and improving competitiveness among South Africa (Kriek, Kenya Re is committed to offering world-class reinsurance service. The processes of economic integration have positive and negative consequences for the countries, although they are not the same in all cases. There have also been some hiccups or setbacks, such as the decision by the AU to move its July 2012 bi-annual summit from Lilongwe, Malawi, to Addis Ababa in response to Malawi’s refusal to invite the Sudan’s head of state, Omar al-Bashir, from participating on the ground that he is charged and under a warrant of arrest by the International Criminal Court (ICC) for war crimes: this, in a way, reflects a potential conflict between African regionalism and international mechanisms to promote and protect the rule of law, justice and respect for human rights. 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. It takes time to understand business needs and design various solutions to meet those needs. 12 . 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. Africa is the largest recipient of foreign aid, which is thought to have moved African economies forward as this can be seen from the rise in number of school going children, accessibility to health services, efficiency in armies, improvement of infrastructure such as roads, stadiums, bridges, universities and the shift in the gross domestic product of the recipient countries, including also creation of job opportunities for people. Unlike the OUA which followed a doctrine of ‘non-interference’ in the internal affairs of member states, the AU has the authority through decisions of its Peace and Security Council to interfere in member states to promote peace and protect democracy, including deploying military force in situations in which genocide and crimes against humanity are being committed. This The 2010 FIFA World Cup placed South Africa in the limelight and it was a chance for the country to prove its worth to international standards. Economic integration generates a substantial reduction in the cost of trade. 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. Indigenous cultures throughout the world have fought to enshrine into law parameters to protect their cultural intellectual properties by patents or trademarks. The free trade area also has several drawbacks, including: Reduced income. Advantages and Disadvantages of The Union and The Confederacy. 9 Disadvantages and Advantages of Labor Unions. 2. Also, we’ll ask if there are advantages and disadvantages to emulating the EU model if in fact this is the case. The transition from OAU to AU was clearly intended to transform the institutional framework for realizing the pan-African vision and mission from what some critics regarded as a mere ‘talking shop’ to an action-oriented forum. Answer (1 of 3): Those are some advantages of trade union : 1) it's protecting the interest of it's members 2) it's build the relationship between the employee and employer 3) it's organize social , recreational and culture activities among the members those are some disadvantages of trade union :1) If labour markets are competitive, higher wages will cause unemployment. Free trade area. (Kriek, 2012). Advantages And Disadvantages Of The African Union 965 Words | 4 Pages. The African Union is one of the world's most important intergovernmental organizations. Economic Blocks: Characteristics, Advantages And Disadvantages. Jan 28, 2016 May 15, 2015 by Crystal Lombardo. Free trade area and customs union both deal with tariffs and trading. Over 90% of unionized workers were entitled to medical benefits, while about 70% of non-union workers were entitled to the same benefit. Its electronic channels are best in security. Advantages and disadvantages . The African Union is one of the world 's most dominant intergovernmental operations. The African Union is one of the world's most important intergovernmental organizations. National interest is best served by airlines over which the relevant state has direct control. Advantage: Stable Workforce Employers with unionized workers have the assurance of a stable and well-trained workforce. Advantages And Disadvantages Of The African Union African Fashion Analysis. At the African Union’s (AU) 18th Ordinary Session in January 2012, held in Addis Ababa, Ethiopia, the heads of state and government of African countries agreed to establish the African Continental Free Trade Area (AfCFTA).1 This free trade area is outlined in the African Continental Free Trade Agreement among 54 of the 55 AU member states currently. It allows local business and IT staff to be innovative (Viaene & De Hertogh, 2010, p. 324). Earlier days, when we are out of home or office, we need to search for a public telephone booth to make a phone call, but now, just pick up your mobile phone and dial. 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. 2016, p. 1371). Focusing on the advantages, and disadvantages, of both the Union and Confederate States and how that, if at all, affected the outcome of the Civil War. I am trying to list the Pros and cons of using a mobile phone in this post. These objectives include; There have been fewer wars fought on the continent then at any time since the reign of the Roman Empire over the region. Trade could also benefit through the availability of new airfreight links. However, at the moment, there is nothing tangible to boast about. However this monetary union also can be achieved by stepping some steps. • Promote professionalism and ethics in the insurance industry. They were formed to counter-balance the monopsony power of employers and seek higher wages, better working conditions and a fairer share of the company's profits. The present experience of monetary union within the EU could also be a source of disincentive. 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. Economic Stability During the breakout of the Civil War, northern states were within the industrial revolution. We use cookies to give you the best online experience. OAU Organisation of African Trade Union Unity ODC Offshore Development Company OECD Organisation for Economic Co-operation and Development OTUWA Organisation of West African Trade Unions . The AU would have to adopt an appropriate strategy to manage international cooperation in an era of globalisation and in a changing world order; it would need to come up with a relevant and practical conceptualisation of ‘innovative and transformative partnership’ which its member states would certainly need to complement national development efforts. 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