Africa Continental Free Trade Agreement Can Benefit From U.S. Experience in Growing Environmental Goods and Services (EGS) Markets

Bibliographic Data

ID21641503
AuthorsFrederick O Boadu (0000-0003-4694-7470, Texas A&M University, corresponding author)
Year2024
Volume33
Issue4
Pages640-661
Publication date2024-12-01
Open AccessYes
TypeARTICLE
VenueThe Journal of Environment & Development (JOURNAL)
Journal identifiersISSN: 1070-4965 • E-ISSN: 1552-5465
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/10704965241258051
OpenAlexW4399459071
LanguageEN
References cited13

This paper discusses how purposively designed relational governance institutions may be used to engage government and the private sector to promote the growth of environmental goods and services (EGS) markets under the Africa Continental Free Trade Agreement (AfCFTA). The paper distinguishes between a transactional versus relational governance structure and finds that the system of laws, regulations, and practices governing the relationship between government and the private sector in the United States is relational. AfCFTA can benefit from the U.S. experience. There are several agencies and departments that can play a coordinating role to engage the private sector. The U.S. experience suggests that growing the relationship between government and the private sector must be at low administrative cost, trust between government and private sector, information sharing, and common policy vision. The paper discusses challenges, especially land ownership and finance that AfCFTA must address to be successful

Business · Corporate governance · Economic growth · Economics · Economy · Environmental governance · Goods and services · Management · Private sector · Public economics · Public good · Transactional leadership · Climate Change Policy and Economics · Fiscal Policy and Economic Growth · Global trade and economics · Finance

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Open DOIOpen Access