1945

Transport, communications, and energy

Globalization and regional integration require effective regional infrastructure—transport, communications, and energy—to widen and integrate markets, achieve economies of scale, encourage participation of the private sector, and attract foreign direct investment and technology. Infrastructure development is included in the treaties of all the African regional economic communities, which provide the best framework for aligning sectoral policies, designing regional master plans, harmonizing regulatory regimes and investment codes, attracting seed capital, and mobilizing investment resources. Yet despite efforts to integrate transport, communications, and energy, gaps still exist in infrastructure and services across regional economic communities and across Africa—raising the cost of doing business and impeding factor mobility, investment, and competitiveness.

Related Subject(s): International Trade and Finance
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