#MyCFTA 2-day meetup closing, one of my main takeaways are, though slightly controversial statements - - which I personnally do not mind much as an advocate for radical, disruptive innovation
(Though people can be intrisincally altruist) Organizations, primarly, work in their self-interest.
Crossborder trade is already happening, with or without AfCTA, with or without government support. Those who want to trade across borders do.
Goods, products or services traded are, typically, done through e-commerce and marketplace.
The content creation part is the easy; the gold mine is the mean of distribution. Distribution is key.
A unified digital payment system and, why not, currency, would be the way to go to facilitate inter-country exchanges.
If we don’t do it ourselves, Libra - and other players - will do it for us.
" Disrupt yourselve before being disrupted."
We are heading towards a cashless society, for various reasons that I won’t detail here (though you can check links below for some literature on the matter).
So what do we do about it? Which model to follow: East (see WeChat or AliPay) / West (see Swish)?
How all this falls into the wider framework of the AfCFTA?
I am no expert on the matter, only passionately interested about the new economics & politics.
Question is open, constructive comments are welcome!