ECONOMIC AND MONETARY INTEGRATION: A DYNAMIC STUDY OF THE TWO FRANC ZONES.

Since the late seventies (70) Economic and regional integration (IER) between the states of the same geographical area has grown considerably in an increasingly globalized world. For some authors (Mathilde and al.2007) between 1970 and 2000, thanks to globalization and economic liberalization, 10 and 20 respectively multiplied the values of GDP and world trade. Based on this observation, the constitution of the IERs is becoming a key strategy for all states in addressing the challenges of the global, both for the least developed countries (LDCs) and for developed countries. In Africa, this desire for economic integration between the states of the continent was born in June 1990 by the Abuja Treaty, which provided for the creation of a continent-wide African economic community by 2027. This treaty notably promotes the creation of several regional economic communities, which will have to lay the necessary foundations for the eventual realization of the Economic and Monetary Union of Africa. Since its signing, Africa has no less than seven Economic and Regional Integration Zones (IER), which are UMA, COMESA, EAC, CEEAC, CEDEAO, SACU and SADC, and including two economic and monetary zones, which are CEMAC and UEMOA. This paper will attempt to assess the state of economic and monetary integration of the franc zone, namely CEMAC and UEMOA. Therefore, it is a question of analyzing initially the rate of opening of the two zones. Moreover, in a second time, the degree of intensity of intra-zone trade. This in a comparison objective of two areas on the basis of their degrees of economic and commercial integration. [ABSTRACT FROM AUTHOR]