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How has ECOWAS handled international business?

Gravity model of trade

International free trade agreement

Regional integration

Bilateral trade

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ECOWAS has approached international business through various strategies. Studies show that international trade within ECOWAS has not been a proven source of economic growth, indicating a negative relationship between trade ratio and economic growth . The region has seen significant influences on business cycle transmission from extra-ECOWAS merchandise trade and foreign direct investment, emphasizing the need for intra-industry trade and foreign investment with major partners . Determinants of business cycle synchronization in ECOWAS include bilateral trade and financial openness, with trade dominating the financial openness channel, suggesting the importance of trade relationships in the region. Furthermore, the effects of international trade on economic growth in ECOWAS have been positive, with exports, imports, exchange rates, and balance of payments contributing significantly to economic growth. Overall, ECOWAS has been working towards enhancing trade relations, encouraging investments, and improving economic growth through strategic international business approaches.

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Open access•Journal Article Theoretical, Analytical, and Methodological Issues on Regional Integration and Bilateral Trade in the ECOWAS Sub-Region: Evidence from Literature on the Gravity Model of Trade Jonathan Reuben, Chukwuemeka John Arene, Noble Jackson Nweze - Show less +2 more 04 Apr 2013-Journal of Agriculture and Sustainability 4 Citations	ECOWAS promotes regional integration through free trade, common tariffs, and reducing trade barriers. The gravity model is used to analyze bilateral trade effects within the sub-region.
Journal Article•DOI Effects of international trade on economic growth of economic community of west african states (ecowas) Daniel Okechukwu, Andy Titus Okwu - Show less +1 more 17 Mar 2022-Caleb Journal of Social and Magement Sciences	The ECOWAS has focused on utilizing international trade to boost economic growth by emphasizing exports, imports, exchange rates, and balance of payments while improving technology and production capabilities.
Open access•Posted Content Business cycles,bilateral trade and international financial intergration : Evidence from Economic Community of West African States (ECOWAS) Stéphane Zouri 22 Jul 2019 3 Citations	Bilateral trade and financial integration are key factors in synchronizing business cycles within ECOWAS, with trade playing a more dominant role than financial openness.
Open access•Posted Content•DOI Foreign Trade and International Financial Flows: Implications for Economic Stability in the Selected ECOWAS Countries Solomon Abayomi Olakojo 01 Mar 2018-iranian economic review 3 Citations	ECOWAS has managed international business by focusing on trade and foreign investment with major partners, promoting intra-industry trade, and enhancing infrastructure and technology for economic stability.

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