Alfredo Cuevas | Akateeminen Kirjakauppa

The Southern African Customs Union (SACU) faces challenges related to the volatility of its customs revenue, the management of fiscal policy, and high levels of unemployment. However, significant opportunities lie ahead. This book offers policy options to address these challenges and realise future opportunities through the analysis of macroeconomic and structural issues facing SACU countries. It begins by identifying the significant benefits associated with membership in SACU and the Common Monetary Area (CMA), and then offers practical solutions to the volatility of the current SACU revenue-sharing formula at a regional level and the management of fiscal policy at a national level. The authors suggest that tackling the high level of unemployment in SACU member countries will require both a change in public employment policies and a reform of the educational system to respond to the changing needs of the labor market. Finally, the book outlines a roadmap toward deeper regional integration. Building a Common Future in Southern Africa is recommended reading for those interested in monetary and regional integration in southern Africa and university students specializing in African studies.