SHARE. The AfCFTA was conceived in January 2012 after the 18th Ordinary Session of the Assembly of Heads of State and Government of the African Union, held in Ethiopia. Threats to intellectual property. Leadership Advantage According to historical statistics, the Union had more valuable leaders compared to that of the Confederate states. Using mobile phones has lots of advantages and disadvantages and most you will be aware of that. Over 90% of unionized workers were entitled to medical benefits, while about 70% of non-union workers were entitled to the same benefit. 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. Fashion tells a visual story, oftentimes coupled with a story of history and tradition, and this is invaluable for promoting the sustainability of Africa culture” (Pool, n.d.). The African Union has been effective in boosting cooperation and unity within Africa, putting its efforts towards diminishing conflict and boosting democracy. The free trade area also has several drawbacks, including: Reduced income. 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 . 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. Please let us know if you agree to functional, advertising and performance cookies. The African Union after 10 years: Successes and Challenges. These leaders include Abraham Lincoln, Philip Sheridan, and Ulysses Grant. 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. 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. (Kriek, 2012). This is the oldest Customs Union in the world, dating back to 1910, before its member countries were independent. 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. The EEC created a Customs Union when it formed in 1957. African cultural forms continue to survive and thrive because of its. 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. 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 … 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. Advantages and Disadvantages of The Union and The Confederacy. Its electronic channels are best in security. The African Union wants to be taken seriously. 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. “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. 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. To create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of the Continental Customs Union and the African customs union. University Profile Trade could also benefit through the availability of new airfreight links. 2. Telephone Listings East African Community If their objectives were to be implemented, it can be a game changer in the region. The average American believes 25% of the government’s budget goes to foreign aid. 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. A trade union is an organisation which consists of members, including workers and union leaders who come together to protect and stimulate their common interests. 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”. The African Union provides a international forum for African debate and discussion of many issues! Despite numerous protocols and signing of technical consensus documents to facilitate the free movement of goods and people across borders, the AU’s record in stimulating the removal of trade barriers between countries in the union is less than impressive and the value of intra-African trade is still abysmally low as a percentage of total trade. Africa’s 17 landlocked countries have built-in geographic disadvantages that contribute to poor performances in economic, social and even political growth. 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. This has given the Union a more strategic advantage over the Confederacy.2. Comparative Advantage This is the point of all customs unions. 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 today’s highly globalized world, with new creative innovation sprouting up around the continent, African innovators must understand the value of their design and cultural ideas, and understand that by protecting and promoting their cultural intellectual property they can become narrators of the story of African fashion. Some of the major aims of the African Union (AU) include the following: Promotion of unity and solidarity : The AU has one of its biggest aims or goals being the promotion of unity and solidarity among African countries. In today’s highly globalized world, with new creative innovation sprouting up around the... World Cup Positive Impact. Advantages & disadvantages of single currencies Advantages & disadvantages of single currencies / monetary integration. 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’. 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 . 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. Now I’m going to talk about advantages and disadvantages It was a major event in not only our nation, but the world’s history. Union Advantages: Leaders. 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). Single Market. It takes time to understand business needs and design various solutions to meet those needs. 1. The AfCFTA agreement seeks the creation of a single African market for goods and services, with free movement of business persons and investments. 2. Advantages And Disadvantages Of The African Union. The headquarters of the AU is now housed in a magnificent multi-million dollar complex in Addis Ababa that has been provided by the China as a “ gift to Africa”. Advantages and Disadvantages of Trades Unions Trade unions are organisations representing the interests of workers. 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. However this monetary union also can be achieved by stepping some steps. 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. 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. KENYA REINSURANCE MISSION AND VISION The above are just some of the major problems that are currently bedeviling the African Union and making its operations difficult. Advantage . 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. A single currency is when a number of countries join their currencies together into one single currency. CV4 7AL 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. 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 . Advantages and Disadvantage of Mobile Phones. Coronavirus (Covid-19): Latest updates and information, The African Union after 10 years: Successes and Challenges. Although union members typically enjoy higher wages, membership in a union has both monetary and nonmonetary costs. 9 Disadvantages and Advantages of Labor Unions. The main UN centers are in Kenya and Ethiopia. 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. 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. 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. Advantages and Disadvantages of International Trade. The advantages and disadvantages of globalization above will surely give you lots of great learning. The advantages and disadvantages of the European Union show us that a greater good can come from such a structure. 1. Its solutions, that is its products are fully customised and delivered through the most extensive banking network in Africa. Copyright © 2020 IPL.org All rights reserved. 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 ultimate goal of political and economic integration of its member states. Facebook Twitter Google+ LinkedIn StumbleUpon Tumblr Pinterest Reddit VKontakte Odnoklassniki Pocket. It offer cross-border client services and provide distinctive local knowledge which will be immense benefit to your customers’ businesses. It became an advantage motivating employees in carrying the business forward. United Kingdom b) Local Knowledge of Africa The African Union is one of the world 's most dominant intergovernmental operations. It was agreed that a Continental free Trade Area will be established with the following objectives; 1. There are many African countries that are part of the United Nations. Economic Stability During the breakout of the Civil War, northern states were within the industrial revolution. The African Union is an organization that was established on July 10th 2002 in South Africa. The African Union is one of the world's most important intergovernmental organizations. 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. disadvantages: - there is corruption withing the leaders of the organization-focusing on only one goal in which … 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. Advantages And Disadvantages Of Trade Unions In South Africa 1699 Words | 7 Pages. Civil marriages are recognised and fully protected by the law, as are the other valid marriages in South Africa, namely customary marriages and civil unions. Coventry 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. Member countries can no longer earn revenue from tariffs. 1 Strengths for Ecobank rd by the YD. 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. Kenya reinsurance has formulated specific objectives that contribute to the success of the organizations. 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. When countries can freely move products across borders, then each nation gets to take advantage of the manufacturing, commercial, and industrial strengths of every other economy in the agreement. Some of these RECs, such as the Economic Community of West African States (ECOWAS), the East African Community (EAC) and the Southern Africa Development Community (SADC), have been quite active in exploring possibilities to harmonize budgetary and fiscal policies and for a monetary union on the basis of a common currency. Slavery did not become a moral cause of the Union effort until Lincoln announced the Emancipation Proclamation in 1863. The charter that created the OAU was the result of several multinational African conferences held in the 1950s and 1960s aimed at supporting Africans This National interest is best served by airlines over which the relevant state has direct control. 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. The unions want to negotiate the best wages and benefits for their members, and employers want to have productive employees and make a profit. When law enforcement is weak, the threat to intellectual property is also higher. Tel: +44 (0)24 7652 3523 • Improve returns on assets, provide international customer service standards, 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. Free trade area. The Free Trade Area will represent a GDP of US $2.6 trillion and a population of 1.7 billion people. The advantages and disadvantages of Unionized v non-unionized industries Group Members: Aalim Wells Anastasia Modeste Samantha Marcelle Non-Unionized Industries Unionized Industries A unionized industry is a trade/labour union to which all the workers of a particular industry can Through the indiscriminate exchange of 5 th freedom traffic rights, African carriers could face direct and According to Shar Adams (2010), the 2010 FIFA World Cup was a defining moment in South African history, as it played a role in uniting the country after years of separation. TRADE UNION … Key points: A single market has many benefits. The issue of economics is a very different question, since each member has unique needs that a continental body cannot always meet. This The African Union was established in order to solve so many issues facing the African continent and beyond. 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. Free trade creates economic growth opportunities.The free trade agreements in North America helped the U.S. economy grow by an average of 0.5% per year more than it would have otherwise. From hardware solutions, Computech grew its product and service offering to include software solutions, managed services, enterprise solutions , and many more. Indigenous cultures throughout the world have fought to enshrine into law parameters to protect their cultural intellectual properties by patents or trademarks. 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. This is their official website. 2016, p. 1371). Comparative Advantage Greater Freedoms for it’s populations New Markets Reduce Poverty Benefits of Globalisation 1. 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 . Social Media, University of Warwick 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. Regional integration refers to various types of political and economic agreements that form closer ties between sovereign countries. Free trade area and customs union both deal with tariffs and trading. With the advantages and disadvantages of the European Union, there are many positives to consider from a relationship standpoint. The positive side of foreign aid is that it is said to alleviate poverty in developing countries because there are charity organizations that are in place to assist countries that are heavily poverty stricken. 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. The author of this blog is Professor Franklyn Lisk, More information on the Centre for Globalisation/Regionalisation, Experts Directory ADVANTAGES: DISADVANTAGES: National interest: It is not advisable for States to become too dependent on 5th freedom services to serve their needs. The African Union is one of the world's most important intergovernmental organizations. 12 . The main example of this is the introduction of the Euro in the European Union. Moreover, “the role of foreign. 1. Economic Blocks: Characteristics, Advantages And Disadvantages. “Cultural globalization refers to the transmission of ideas, meanings and values around the world in such a way as to extend and intensify social relations. Africa’s traditional partners in the West tend to view its relationship with China with some concern and scepticism regarding motive and outcome. Each side sees the glass as being half-full, with the other side being wrong. 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 and disadvantages Implementing a new currency in a country is always a controversial topic because it has both many advantages and disadvantages. The European Union creates stability because all of the nations belonging to the agreement (or NATO) work together for their mutual good. They work directly with their union board to communicate their demands, and the union board then negotiates with the employers on the workers behalf. 4. With the disadvantages of it, many people today are not happy primarily on the health issues and other negative things that affects in their everyday living. 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 independence of Angola and Namibia and in other matters relating to the African Union. Development of Hubs: The free exchange of 5 th freedom traffic rights will increase the A move that is expected to usher in the establishment of an African Customs Union. The advantages and disadvantages of foreign aid take a look at the reality of this transfer of wealth. It is therefore useful to take stock of the achievements of the AU in its first decade and, this can best be done from two broad perspectives which represent the main goals of the AU mentioned above - peace and prosperity. 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