On January 1, the long-awaited African Continental Free Trade Area (AfCFTA) came into effect. Aside from the economic benefits that the arrangement will bring to the continent, Africa’s newfound support for free trade and liberalization marks a clear rejection of the socialist ideology that has tormented African politics for decades.
As it stands, 36 of the 55 African Union (A.U.) nations, including the regional economic powerhouses of Nigeria, South Africa, and Egypt (which together make up a third of the continent’s economy), have ratified the free trade area. Another 18 nations have indicated their support by signing the trade agreement and are expected to become full members soon. So strong is the appetite for free trade in Africa that Eritrea—often dubbed “Africa’s Hermit Kingdom”—is the only nation on the continent that remains reluctant to support the agreement.
Denne historien er fra April 2021-utgaven av Reason magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April 2021-utgaven av Reason magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Abolish the NSA and CIA
ENDING THESE UNACCOUNTABLE AGENCIES WOULD SAFEGUARD CIVIL LIBERTIES AND IMPROVE INTELLIGENCE GATHERING.
Abolish ICC
THE AGENCY DISRUPTS COMMUNITIES AND FAMILIES, FOR NO GOOD.
We Still Live in the Physical World
The digital world has not effaced our humanity, no matter what social critics like Christine Rosen say.
Blaming Bill Buckley
IT'S THE CLEANEST, neatnest [sic] operating piece of social machinery I've ever seen. It makes me envious.\" When Rexford Tugwell, an adviser to President Franklin Roosevelt, wrote these words in 1934, he was not referring to the New Deal programs in his purview.
The Backpage Trial Finally Ends-With a Suicide and a Sentencing
UNFAIR ALLEGATIONS OF SEX TRAFFICKING CHILLED FREE SPEECH ONLINE AND RUINED LIVES.
Abolish the National Park Service
PRIVATIZATION CAN MAKE AMERICA'S NATIONAL PARKS MORE ACCESSIBLE AND BETTER MAINTAINED.
Abolish the Fed
IT MAY BE IMPOSSIBLE TO IMAGINE AMERICA WITHOUT THE FEDERAL RESERVE, BUT A CENTRAL BANK IS NOT ESSENTIAL TO A FUNCTIONING ECONOMY.
Abolish the FCC
LET THE INVISIBLE HAND REGULATE THE INVISIBLE RESOURCE.
Abolish the Department of Transportation
IT DOESN'T EVEN BUILD THE ROADS. IT JUST INCREASES COSTS.
Abolish Borders
LINES DRAWN BY GOVERNMENTS DON’T HAVE MORAL MAGIC.
