Tags: Regional Integration, Africa

“It is reasonable to assume that the most significant trend in this new millennium is global competitiveness. In the face of the opportunities and challenges posed by the new paradigm of the “global economy,” nations are moving to integrate their economies with those of their neighbors, to create larger and more competitive regional economic blocs, and to engage in international trade—not just as individual states but as regional powers.

This shift is nowhere more urgent than in Africa, where the combined impact of our relatively small economies, the international terms of trade, and the legacy of colonialism, mis-rule, and conflict has meant that we have not yet assumed our global market share— despite our significant market size…”

Assessing Regional Integration in Africa.pdf