The economic and monetary community of Central Africa (CEMAC) and the decline of sovereignty

Abstract

Unlike many texts, the constitutive act of the Treaty instituting CEMAC contains no provision regarding the sovereignty of states. The CEMAC policies capture virtually all fundamental aspects of community life: legal integration; harmonization of economic, financial and monetary policies; convergence of budgetary policies; and the free circulation of goods, capital and persons. This article purports that communitarization entails ultimately the diminishing of the national sovereignties and, in spite of some limits, CEMAC is a step in the right direction. The existence of effective community organizations within the African zone can serve as catalysts to the larger and most needed African Union. Copyright © 2009 SAGE Publications.