Economic Development in Africa Report 2009

Strengthening Regional Economic Intregration for Africa’s Development

image of Economic Development in Africa Report 2009

The Report focuses on ways of strengthening regional economic integration for Africa’s development. It complements existing institutional analyses of regional integration in Africa with an economic analysis of trade in goods and services, migration and investment, and surveys recent trends in these flows and assesses the potential for increasing them in ways that will support economic development. The report finds that - when designed and implemented within a broader development strategy regional integration could help improve competitiveness and serve as a launching pad for African economies’ effective participation in the global economy.

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Strengthening regional integration in Africa: Some policy recommendations

These recommendations are based on a strategic vision of the role of regional integration in the development process. African policymakers should consider regional integration as part of a broader development strategy. Integrating Africa’s fragmented markets can help attract the required investments, from both Africa and the rest of the world, to build competitive and more diversified economies through better production systems that are more responsive to development objectives. Seen from this perspective, regional integration is expected to offer more economic opportunities in terms of investment, production, and trade and factor mobility. This, in turn, should strengthen African countries’ integration into the global economy.

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