African Economic Integration Initiatives and the Challenge of Responsible Business Conducts: Analysis of Corporate Social Responsibility Provisions in African Regional Trade and Investment Agreements

Left alone, economic integration initiatives, which aim to promote growth through investment and trade liberalization, do not automatically generate win-win outcomes for all stakeholders, or lead to the inclusive economic growth and sustainable development of participating countries. This situation...

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Main Author: Jean Bertrand Azapmo
Format: Article
Language:English
Published: Association d'Economie Politique
Series:Revue Interventions Économiques
Subjects:
Online Access:https://journals.openedition.org/interventionseconomiques/24494
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author Jean Bertrand Azapmo
author_facet Jean Bertrand Azapmo
author_sort Jean Bertrand Azapmo
collection DOAJ
description Left alone, economic integration initiatives, which aim to promote growth through investment and trade liberalization, do not automatically generate win-win outcomes for all stakeholders, or lead to the inclusive economic growth and sustainable development of participating countries. This situation which is due among others to possible market failures and externalities of corporations’ activities, has increasingly become a matter of concern with the numerous corruption scandals; human rights violations and environmental degradation involving corporations observed in a recent past. How therefore to continue promoting economic integration while ensuring socially responsible conducts from businesses in societies where they operate? One approach that has recently gained traction is the institutionalization of corporate social responsibility (CSR) clauses in trade and investment agreements. This paper analyses 10 African regional trade and investment agreements concluded between 2000 and 2020 to determine the extent to which they converge with this trend and the approach adopted in regulating CSR. The research complements the literature on the nexus between international law and CSR in the African context.
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spelling doaj.art-09d6fbf763fc4a088f8ca80c9d0553a92024-02-15T12:54:22ZengAssociation d'Economie PolitiqueRevue Interventions Économiques0715-35701710-73777010.4000/interventionseconomiques.24494African Economic Integration Initiatives and the Challenge of Responsible Business Conducts: Analysis of Corporate Social Responsibility Provisions in African Regional Trade and Investment AgreementsJean Bertrand AzapmoLeft alone, economic integration initiatives, which aim to promote growth through investment and trade liberalization, do not automatically generate win-win outcomes for all stakeholders, or lead to the inclusive economic growth and sustainable development of participating countries. This situation which is due among others to possible market failures and externalities of corporations’ activities, has increasingly become a matter of concern with the numerous corruption scandals; human rights violations and environmental degradation involving corporations observed in a recent past. How therefore to continue promoting economic integration while ensuring socially responsible conducts from businesses in societies where they operate? One approach that has recently gained traction is the institutionalization of corporate social responsibility (CSR) clauses in trade and investment agreements. This paper analyses 10 African regional trade and investment agreements concluded between 2000 and 2020 to determine the extent to which they converge with this trend and the approach adopted in regulating CSR. The research complements the literature on the nexus between international law and CSR in the African context.https://journals.openedition.org/interventionseconomiques/24494economic integrationAfCFTAcorporate social responsibilityregional trade and investment agreementsECOWAS and SADC
spellingShingle Jean Bertrand Azapmo
African Economic Integration Initiatives and the Challenge of Responsible Business Conducts: Analysis of Corporate Social Responsibility Provisions in African Regional Trade and Investment Agreements
Revue Interventions Économiques
economic integration
AfCFTA
corporate social responsibility
regional trade and investment agreements
ECOWAS and SADC
title African Economic Integration Initiatives and the Challenge of Responsible Business Conducts: Analysis of Corporate Social Responsibility Provisions in African Regional Trade and Investment Agreements
title_full African Economic Integration Initiatives and the Challenge of Responsible Business Conducts: Analysis of Corporate Social Responsibility Provisions in African Regional Trade and Investment Agreements
title_fullStr African Economic Integration Initiatives and the Challenge of Responsible Business Conducts: Analysis of Corporate Social Responsibility Provisions in African Regional Trade and Investment Agreements
title_full_unstemmed African Economic Integration Initiatives and the Challenge of Responsible Business Conducts: Analysis of Corporate Social Responsibility Provisions in African Regional Trade and Investment Agreements
title_short African Economic Integration Initiatives and the Challenge of Responsible Business Conducts: Analysis of Corporate Social Responsibility Provisions in African Regional Trade and Investment Agreements
title_sort african economic integration initiatives and the challenge of responsible business conducts analysis of corporate social responsibility provisions in african regional trade and investment agreements
topic economic integration
AfCFTA
corporate social responsibility
regional trade and investment agreements
ECOWAS and SADC
url https://journals.openedition.org/interventionseconomiques/24494
work_keys_str_mv AT jeanbertrandazapmo africaneconomicintegrationinitiativesandthechallengeofresponsiblebusinessconductsanalysisofcorporatesocialresponsibilityprovisionsinafricanregionaltradeandinvestmentagreements