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Assessing Regional Integration in Africa

ECA Policy Research Report

image of Assessing Regional Integration in Africa

This report provides a comprehensive evaluation of the state of Africa’s integration process, showing where efforts have succeeded or failed including why intra African trade remains low; and how lack of macro-economic policy convergence and insufficient infrastructures hamper integration.

English

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Money and finance

Monetary integration is crucial in regional economic integration. Strong monetary integration is required if regional integration objectives go beyond free trade agreements or custom unions to a truly unified common market (Eichengreen 1998). International trade increases significantly when countries adopt an advanced form of monetary cooperation such as a common currency (Rose 1999; Glick and Rose 2001; Bun and Klaassen 2002). So does economic performance and output per capitain participating countries (Frankel and Rose 2000).

English

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