Regionalizing Infrastructure for Deepening Market Integration : The Case of East Africa

The East African Community has long recognized that regional economic integration can yield significant welfare gains to its member states. To that end, the community has been making steady progress towards the removal of tariffs and quantitative restrictions to trade. Moreover, in recent years, there has been an increasing recognition that: (a) even greater welfare gains could be realized through deeper forms of regional integration which entail harmonization of legal, regulatory and institutional frameworks; and (b) reforms that reduce cross-border transaction costs and improve the performance of "backbone" infrastructure services are arguably even more important for the creation of an open, unified regional economic space than trade policy reforms narrowly defined. Disparities of regulatory treatment across borders can introduce distortions that hinder both cross-border trade and the aggregate flows of investment on a regional basis. Regulatory harmonization and infrastructure regionalization could make a significant contribution to the region's economic development by promoting a more efficient utilization of its human and physical resources, enhancing connectivity, reducing the costs of trade, and facilitating the integration of the continent with the global economy.

Bibliographic Details

Main Authors:	Kessides, Ioannis N., Benjamin, Nancy C.
Language:	English en_US
Published:	World Bank, Washington, DC 2012-06
Subjects:	ACCESS TO ELECTRICITY, ACCESS TO INFORMATION, ACCESSIBILITY, AIRPORTS, AIRWAYS, AVERAGE SPEEDS, BORDER CROSSINGS, BORDER INFRASTRUCTURE, BOTTLENECKS, BRIDGE, CAPACITY BUILDING, CAPACITY CONSTRAINTS, CASH FLOW, COMMON MARKET, COMPARATIVE ADVANTAGE, COMPETITIVE MARKETS, COMPETITIVE PRESSURES, CONGESTION, COST-BENEFIT ANALYSIS, CROSS-BORDER TRADE, CURRENCY BOARD, CUSTOMS, CUSTOMS CLEARANCE, CUSTOMS PROCEDURES, CUSTOMS UNION, DERAILMENTS, DEVELOPING REGIONS, DOMESTIC INDUSTRIES, DRIVERS, DRIVING, ECONOMIC COMMUNITY, ECONOMIC COOPERATION, ECONOMIC GROWTH, ECONOMIC LIBERALIZATION, ECONOMIES OF SCALE, EFFICIENT TRANSPORTATION, EXTERNALITIES, FINANCIAL BURDENS, FINANCIAL SERVICES, FIXED COSTS, FLOW OF TRAFFIC, FLOWS OF INVESTMENT, FOREIGN INVESTMENT, FOREIGN INVESTORS, FORMAL TRADE, FREE FLOW, FREE TRADE, FREE TRADE AGREEMENT, FREIGHT, FREIGHT COSTS, GLOBAL ECONOMY, GLOBAL INTEGRATION, GROSS VEHICLE WEIGHT, HARMONIZATION, HEAVY RELIANCE, HIGHWAY, HIGHWAYS, HOUSEHOLD WELFARE, IMPORT SUBSTITUTION, IMPORT SUBSTITUTION POLICIES, INCOME DIFFERENCES, INCOME DISTRIBUTION, INCREASING COMPETITION, INFRASTRUCTURE COSTS, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE POLICIES, INFRASTRUCTURE PROJECTS, INFRASTRUCTURE REFORM, INFRASTRUCTURES, INLAND WATERWAY, INLAND WATERWAYS, INSPECTION, INTERMEDIATE INPUTS, INTERNATIONAL COMPETITION, INTERNATIONAL COOPERATION, INTERNATIONAL PORTS, INTRA-REGIONAL TRADE, INTRAREGIONAL TRADE, INVESTMENT CLIMATE, INVESTMENT CODES, LAND MANAGEMENT, LANDLOCKED COUNTRIES, LIBERAL POLICIES, LOCAL MARKETS, LOCOMOTIVE, LONG-DISTANCE, MARKET INTEGRATION, MARKET LIBERALIZATION, MARKET OPENING, MARKET SIZE, MEMBER STATES, MOBILITY, MONETARY COMMUNITY, MONETARY UNION, MULTILATERAL INSTITUTIONS, NATIONAL INFRASTRUCTURE, NATIONAL REGULATIONS, NATIONAL SOVEREIGNTY, NEIGHBORING COUNTRIES, NETWORK EXTERNALITIES, POLICE, POLICY HARMONIZATION, POLICY REFORM, POLICY REFORMS, POLITICAL INTEGRATION, POOR COUNTRIES, POVERTY LEVELS, PRIVATE SECTOR, PRODUCTION NETWORKS, PUBLIC INTEREST, RAIL, RAIL CONNECTIONS, RAIL NETWORK, RAIL NETWORKS, RAIL SYSTEMS, RAIL TRACK, RAIL TRANSPORT, RAILWAY, RAILWAYS, REGIONAL AGREEMENTS, REGIONAL BACKBONE, REGIONAL BASIS, REGIONAL BUSINESS, REGIONAL CONNECTIVITY, REGIONAL COOPERATION, REGIONAL DIMENSION, REGIONAL ECONOMIC INTEGRATION, REGIONAL ECONOMY, REGIONAL FACTOR, REGIONAL INFRASTRUCTURE, REGIONAL INFRASTRUCTURE DEVELOPMENT, REGIONAL INSTITUTIONS, REGIONAL INTEGRATION, REGIONAL INTEGRATION ARRANGEMENTS, REGIONAL INTEGRATION INITIATIVES, REGIONAL LEVEL, REGIONAL LEVELS, REGIONAL LINKS, REGIONAL MARKETS, REGIONAL MASTER PLANS, REGIONAL NETWORK, REGIONAL NETWORKS, REGIONAL ORGANIZATIONS, REGIONAL POLICIES, REGIONAL POLICY, REGIONAL PORTS, REGIONAL PRIORITIES, REGIONAL PROGRAMS, REGIONAL RAIL, REGIONAL REGULATORY AUTHORITIES, REGIONAL RESOURCES, REGIONAL ROAD, REGIONAL ROAD NETWORK, REGIONAL ROADS, REGIONAL STRATEGIES, REGIONAL TRADE AGREEMENTS, REGIONAL TRADE INTEGRATION, REGIONAL TREATIES, REGIONALISM, REGIONALIZATION, REGULATORY ENVIRONMENTS, REGULATORY REFORM, REGULATORY REGIMES, ROAD, ROAD CAPACITY, ROAD CONDITIONS, ROAD INFRASTRUCTURE, ROAD NETWORK, ROAD SECTOR, ROADS, ROLLING STOCK, ROUTE, SAFEGUARDS, SAFETY, SERVICE RELIABILITY, SUB-REGIONS, TECHNICAL CHANGE, TRADE EXPANSION, TRADE PERFORMANCE, TRADE POLICY, TRAFFIC, TRANSACTION COSTS, TRANSIT, TRANSIT AUTHORITIES, TRANSITION ECONOMIES, TRANSPARENCY, TRANSPORT, TRANSPORT ALTERNATIVES, TRANSPORT CORRIDORS, TRANSPORT COSTS, TRANSPORT FACILITATION, TRANSPORT INFRASTRUCTURE, TRANSPORT NETWORK, TRANSPORT POLICY, TRANSPORT STRATEGY, TRANSPORT SYSTEM, TRANSPORTATION, TRANSPORTATION INFRASTRUCTURE, TRANSPORTATION SERVICES, TRANSPORTATION SYSTEMS, TRUCKS, TRUE, TUNNELS, VEHICLE, WELFARE IMPLICATIONS, WORLD ECONOMY, WORLD TRADE,
Online Access:	http://documents.worldbank.org/curated/en/2012/06/16449890/regionalizing-infrastructure-deepening-market-integration-case-east-africa https://hdl.handle.net/10986/19934
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