Each side sees the glass as being half-full, with the other side being wrong. Although the Confederacy had good leaders too, the Union had more. This means that they had seve… ADVANTAGES: DISADVANTAGES: Africa which could lead to an increase of tourists to South Africa and the creation of new business opportunities. His utter determination to win was key in the Civil War. 1. There are many benefits that the EU has brought to the world from an international perspective. Disadvantages of currency union Loss of sovereignty: – This means that country adopting the Common currency has to give up the Monetary policies to the body who is controlling the union . As the successor to the Organisation of African Unity (OUA), which was created in 1963 to eliminate the last vestiges of colonialism in Africa, the African Union (AU) came into existence in July 2002 at the Durban heads of state summit with the more focused goal of propelling African states towards peace and prosperity as the basis for achieving the ultimate goal of political and economic integration of its member states. However this monetary union also can be achieved by stepping some steps. The advantages can be classified into three categories: Commercial . The African Union was established in order to solve so many issues facing the African continent and beyond. ", Each of these cultures is defined by values, traditions, social habits and behaviours, language, belief systems, concepts of the universe, dress, music and arts that they encompass (www.worldtransformation.com 2013) According to Falola and Salm (2002 p. ix), the Africans regard culture as essential to their lives and future development. More recently, these PSOs have been authorized and carried out under Economic Community of West African States (ECOWAS) mandates and often, Nigerian took a leading role at the operational level. It is strategically positioned to deliver banking services and solutions. Monetary union: this is when two or more unified countries use the same currency with having the fixed exchange rate and this controlled by one central bank this is considered as the last step of economic integration. It takes time to understand business needs and design various solutions to meet those needs. OAU Organisation of African Trade Union Unity ODC Offshore Development Company OECD Organisation for Economic Co-operation and Development OTUWA Organisation of West African Trade Unions . When countries can freely move products across borders, then each nation gets to take advantage of the manufacturing, commercial, and industrial strengths of every other economy in the agreement. According to Shar Adams (2010), the 2010 FIFA World Cup was a defining moment in South African history, as it played a role in uniting the country after years of separation. Economic integration generates a substantial reduction in the cost of trade. b) Local Knowledge of Africa Over 90% of unionized workers were entitled to medical benefits, while about 70% of non-union workers were entitled to the same benefit. The unions want to negotiate the best wages and benefits for their members, and employers want to have productive employees and make a profit. 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