THE DYNAMICS OF REGIONAL ECONOMIC INTEGRATION: A SYSTEM DYNAMICS ANALYSIS OF PATHWAYS TO THE DEVELOPMENT OF VALUE CHAINS IN THE SOUTHERN AFRICAN CUSTOMS UNION
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Despite progress towards improved cooperation within the Southern African Customs Union (SACU), it can be argued that real economic integration is still lacking. Cross-border value chain (VC) development has been proposed as a potential enabler of regional economic integration. This article draws on a systems thinking process to explore the dynamic process of regional economic integration and value chain development. Through an inductive approach, we consider pathways for value chain development using the agro-processing and automotive sectors within SACU as case studies. The outcome of the dynamic hypothesis is to inform a framework for strategic decision-making to support policy action towards developing cross-border value chains in SACU.
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