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EAST AFRICAN COMMUNITY (EAC) PACE TOWARDS GLOBALIZATION

2015, East African Community Pace towards Globalisation

This book intends to bring the need for observing and evaluating the regional (East African region) response to what has been called internationalization, cosmopolitanism, neoliberalism, or commonly globalisation. The observation here consists of looking at the major achievement that would have been undertaken by east African community towards responding to globalisation. On the other hand, evaluation consists of determining the level at which those achievements performed on the globalisation actual scale. The concept itself makes some confusion to East African region, since it appears to optimists as a positive alternative of up taking the global society welfare and opposite view to pessimists who consider it as the global economic project of elite countries. It could be hard to range the East African region to the either side, and measuring the cost-benefit of the region against globalisation could be hard yet there is no alternative.4 Globalisation, a today academic subject focus, a simple and popular chorus for journalists and politicians, has become a center for business theory and practice. Referring to steps made by East African community, there is an appreciation of the steps accomplished and others in plan. These consist of east African customs union, east African common market, east African court of justice, east African legislative assembly. Besides are plans of east African monetary union, east African passport, east African single tourist visa, and east African political federation. A recent deal today is an invitation of South Sudan to become a new east African community member.5 All these plans and achievements aim at getting advantages of economies of scale. To real mean the economies of scale for East African community implies the weakening of the states sovereignty and policies in relevant global dimensions such as economy, politics, culture, and technology. The scoring of East African community on each of these benchmarking factors, revealed the ones easy and simple to adopt and others to be a product of a long hard process. Forinstance, customs union and market integration had been easy to implement in a planned time, whereas the monetary union and political federation, could take the time beyond the plan and wishes. With a simple analytical reasoning, one may attribute the stats intended interest to the speed that the implementation of a certain subject policy uses. For instance, state members of East African community would expect to gain more from customs union and political federation than from monetary and political federation. Perhaps the pace is commanded by the regional political background and currency power.