1945

Developments in Africa’s regional integration

There is no doubt that integration remains a key strategy for Africa to transform itself from a continent of mainly least developed and developing countries to a strong united bloc of developed nations and a global force. The need for integration in Africa is unquestionable and indeed strategic in terms of promoting and protecting Africa’s interests. It is imperative to widen the region’s economic space so as to generate economies of scale for production and trade and to maximize the welfare functions. This is basically why the numerous regional economic communities (RECs) have been created, and why African political leaders have held at heart the goals of both the Abuja Treaty establishing the African Economic Community and the Constitutive Act of the African Union.

Related Subject(s): International Trade and Finance
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