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Wiley InterScience | |||||||||||||||||||
  South African Journal of EconomicsVolume 74 Issue 3, Pages 382 - 390 Published Online: 9 Oct 2006 Journal compilation © 2009 The Economic Society of South Africa Quarterly Journal of the Economic Society of South Africa
Abstract | References | Full Text: HTML, PDF (Size: 77K) | Related Articles | Citation Tracking  AN ANALYSIS OF MACRO-ECONOMIC CONVERGENCE IN SADC Copyright © 2006 The Author. Journal compilation © 2006 Economic Society of South Africa KEYWORDS E42 • E58 KEYWORDS Macro-economic convergence • SADC Abstract
One of the goals of the Southern African Development Community (SADC) is macro-economic convergence leading to monetary unification and a single central bank. This goal is aligned with the goal of the African Union to build a monetary union for the entire continent in stages, starting with each of the subregions, of which SADC forms one important region. Despite views to the contrary, the current degree of compliance with the Maastricht criteria for convergence and membership of the European Union, shows that the challenges facing a SADC monetary union would not be insurmountable if the convergence criteria are viewed as permanent goals, rather than preconditions. | 
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