- The whole idea is incomplete without some sort of enforcement mechanism, such as a border patrol force, a customs authority, and, perhaps, even a tax authority.
- Unless all counties also embrace the successful county’s best practices, it follows that the initially successful model ends up being overburdened and may be doomed to collapse without national level support.
Over the past few years there has been a craze of counties coming together to form ‘regional economic blocs’.
One of the most visible of these blocs, the Lake Region Economic Bloc (LREB), is said to bring together 14 counties around Lake Victoria, and on its website indicates that its objective is to ‘leverage the economies of scale and shared resources such as Lake Victoria in order to grow the economies of the region and improve the livelihood of the people’.
A key project of this bloc is to set aside money to create a regional bank.
The ‘regional bloc’ idea presupposes a number of things, the most important one being that counties are independent economic units making their own economic policy and capable of creating and implementing economic and trade barriers against other similarly independent counties.
The rationale of coming together as a bloc, therefore, would be to minimise and eliminate such barriers and implement free movement of resources across county boundaries.
In fact, the whole idea is incomplete without some sort of enforcement mechanism, such as a border patrol force, a customs authority, and, perhaps, even a tax authority.
The formation of some sort of ‘state-owned’ or ‘Central Bank’ would then make sense under these conditions.
Unfortunately, the ideals undergirding the ‘regional bloc’ movement run completely counter to the letter and spirit of our Constitution.