Resilience in regional economic growth in the Southern African Development Community (SADC) can potentially be increased through the implementation of a regional policy which emphasizes regional integration. This will include the removal of tariff and non‐tariff based barriers to trade through trade liberalization and designing more efficient spatial linkages that facilitate increased intra‐regional trade. However, resilience in the region's economic growth is hindered by sluggish implementation of regional trade liberalization and spatial integration policies, as tariff and non‐tariff barriers to trade remain. The aim of the paper is to evaluate regional integration in fostering resilience in economic growth through its enhancement of economic interaction between member states, as well as facilitating increased spatial connectivity and the efficient movement of intra‐regional trade. In this paper, case studies of regional integration models as applied in eight developing country regional trading blocs, including the SADC, are used to determine the effect of intra‐regional trade on the resilience of economic growth in the face of an external economic crisis, namely the 2008 Global Financial Crisis and subsequent recession. Results of the above analysis indicate that intra‐regional trade through regional integration accelerates a region's recovery of its pre‐shock growth path. Despite considerable intra‐regional trade, the recovery of the SADC is hindered by the sluggish post‐shock growth of South Africa, its dominant economy. Based on the findings, it is recommended that intra‐regional trade be strengthened between SADC member states through increased economic integration, trade facilitation through development corridors, and capacitating dynamic regional institutions to oversee economic resilience strategies based on adjustment and adaptation.
External economic shocks such as the global financial crisis (GFC) affect regional economic growth in developing regions through impacting export demand and capital inflows. Resilience to these economic shocks—i.e., the ability to recover from the initial impact and prolonged effects of said shocks—is influenced by the inherent vulnerability of regional economies to their impact. The research objective is to investigate regional economic resilience policy in the context of the Southern African Development Community (SADC), and the wider perspective of trading blocs among developing countries. Central hereto is undertaking an equilibrium and econometric analysis to identify endogenous and exogenous factors of the regional economy that influence economic resilience. Analysis findings indicate that economic openness, export market dynamics and sectoral composition may influence economic resilience. SADC vulnerability may be attributed to the dependence on foreign direct investment (FDI) inflows and exports to higher-income markets, relatively low import tariffs and the comparative importance of tertiary activities to output. A balanced regional policy approach is required: one focused on industrialization, while incorporating elements to support economic resilience. The latter includes increased intra-regional trade anchored in the development of regional supply and value chains which support primary sector activities, and capacitated supranational institutions to oversee regional integration initiatives.
Background: The coronavirus disease 2019 (COVID-19) pandemic has had a significant impact on international trade and supply chains. Border closures and reduced demand for traded goods provoked demand and supply shocks in supply chains, including those of the Southern African Development Community (SADC). Continued vulnerability of regional supply chains affects the long-term socio-economic development trajectory of the SADC.Objectives: This article investigates whether supply chains and their various components have exacerbated the pandemic’s trade impact, with specific reference to the SADC. The objective is to inform regional development policy interventions to improve the resilience of the SADC supply chains in future disturbances.Method: An econometric analysis was conducted to determine the relationship between supply chain efficiency (and the various sub-indicators) and the impact of the pandemic on merchandise trade volumes. The latter constitutes the dependent variable of the analysis and is quantified by measuring the deviation from the pre-shock growth path in the base year (2020) of the pandemic. Data sets from the UNCTADstat database were used. The independent variables are the sub-indicators that form part of the Logistics Performance Index (LPI), the data of which are sourced from the World Bank (2022). In addition to the chi-square test of homogeneity and the Shapiro–Wilk test of normality, regression analyses were conducted to determine the significance of the independent variables, in addition to their association and correlation with the dependent variable.Results: The analysis indicates that supply chain efficiency and components related thereto, including customs clearance, infrastructure, international shipments, logistics competence, tracking and tracing and lead time, are of high significance to and correlate with the impact of the pandemic.Conclusion: Regional development policy in the SADC should prioritise the targeted improvement of specific physical and non-physical infrastructure to support the development of efficient and resilient supply chains. Interventions should focus on improving border and customs processes and tracking and tracing capabilities of logistics service providers. This will contribute to the achievement of regional development objectives and catalyse the competitiveness of the SADC in the face of increased supply chain regionalisation.
The Southern African Development Community (SADC) and its member countries are potentially vulnerable to external disturbances, including environmental, economic, and social shocks. Regional policy emphasizes interventions to ensure long-term growth and development in the face of potential disturbance. Current emphasis is placed on mitigating the impact of climate change, including the creation of the SADC Climate Change Strategy and Action Plan. However, the need for long-term adaptation and associated policy is evident to reduce regional vulnerabilities. Research is an important source of evidence to support policymaking, with specific importance to institutions in developing regions such as the SADC and during times of global change and disruption. SADC development policy related to resilience outcomes ought to be informed by research. This paper investigates the extent to which existing research supports regional resilience policymaking. Objectives include investigating available research on resilience in the SADC, identifying potential limitations, and delineating areas of future research to be considered by researchers that contribute to knowledge and evidence creation. A bibliometric review and selective content review of existing research were utilized. Relevant publications for the aforesaid analysis were delineated using the source concepts “resilience”, “adaptation”, “adaptability”, and “Southern African Development Community” (or “SADC”). Using the SCOPUS database, bibliometric data of 65 publications were imported into the VOSviewer application (v.1.6.17). Keyword occurrences and network and overlay visualizations were applied to identify the research themes underlying current research. The findings, which were supported by the selective content review, indicate that existing research focuses primarily on environmental and social disturbances, while the applicable regional planning scale and development policy are considered to a limited extent. Areas of future research ought to create evidence that is thematically relevant to policy areas and applicable to policy interventions, which necessitates increased research on economic disturbances, a broadening of existing themes to the appropriate regional planning scale, and consideration of explicit regional development objectives and policy. Transdisciplinarity ought to be central to future research on the diverse disturbances facing the region, while researchers ought to leverage knowledge-creation opportunities catalyzed by SDG implementation.
Fostering sectoral competitiveness and adaption: 4IR in architecture curricula of South African tertiary institutions 57 th ISOCARP World Planning Congress
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.