Edited by Josef Drexl, Mor Bakhoum, Eleanor M. Fox, Michal S. Gal and David J. Gerber
Chapter 6: Regional Integration and Competition Policy in the Economic Community of West African States (ECOWAS) Region
JOBNAME: Drexl PAGE: 1 SESS: 4 OUTPUT: Tue Jul 10 16:13:59 2012 6. Regional integration and competition policy in the Economic Community of West African States (ECOWAS) region Mbissane Ngom 1. INTRODUCTION The opening of national economies to competition has become a fundamental necessity and in many respects a condition for economic development. The experiences of the South East Asian countries have sufﬁciently proven this. Unquestionably, in a few cases, this development, whose pace was sometimes forced, was detrimental to human rights. However, the economic progress achieved by such Asian ‘tigers’ remains, and can inspire other developing countries. The creation of the World Trade Organization (WTO) and the globalization of the economy have led to the necessity for all countries to enact a competition policy to enhance the rivalry between economic operators. Developing countries, and especially the West African countries, have adopted a collective approach towards disciplining the market. Hence, the Economic Community of West African States (ECOWAS)1 also strives for an implementation of a competition law and policy, following the example of the West African Economic and Monetary Union (WAEMU). ECOWAS was created in Lagos on 28 May 1975. The constitutive treaty was modiﬁed in Cotonou on 24 July 1993. Its main objective was to create an intra-regional West African market. In order to achieve this, ECOWAS 1 ECOWAS has 15 member states: Benin, Burkina Faso, Cape Verde, Ivory Coast, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. ECOWAS...
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