Africa's integration and economic development: the journey so far

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dc.contributor.authorMagbagbeola, N.O.
dc.date.accessioned2018-10-17T13:09:15Z
dc.date.available2018-10-17T13:09:15Z
dc.date.issued2003-12-01
dc.description.abstractThe study was on efforts made to integrate African countries and its contribution to the economic development of the region. In a quest to halt the marginalization of Africa in the world economy, African leaders have at various times made efforts to pursue African economic integration as an integral part of African unity. These efforts led to the emergence of regional economic communities (RECs), which are the building blocks of the Africa's integration project. There are currently, 14 RECs in Africa, many of which overlap. Their performance in intra-regional trade has been less than satisfactory, partly as a result of low incomes, high proportion of GDP represented by agriculture and low level of industrialization. Of the 14 RECs, in terms of pace of integration, UEMOA is the star performer, followed by ECOWAS and SADC, while the poor performers are CEPGL, ECCAS, IOC and MRU. Although the integration process may appear slow, a number of achievements have been recorded. These include subregional peace and security, infrastructural development, financial and monetary cooperation as well as liberalization of trade and free movement of people, goods and services. ------........en_US
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dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-10-17T13:09:00Z (GMT) No. of bitstreams: 1 Africa's integration and development the journey so far.pdf: 403444 bytes, checksum: d0a96329b39885a27e9e33193a08dc5e (MD5)en
dc.description.provenanceMade available in DSpace on 2018-10-17T13:09:15Z (GMT). No. of bitstreams: 1 Africa's integration and development the journey so far.pdf: 403444 bytes, checksum: d0a96329b39885a27e9e33193a08dc5e (MD5) Previous issue date: 2003-12-01en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationMagbagbeola N.O. (2003). Africa's integration and economic development: the journey so far. Economic and Financial Review. 41(4). 12-43en_US
dc.identifier.issn1957 - 2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/384
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVolume 41;Number 4
dc.subjectAfrica Integrationen_US
dc.subjectEconomic Integrationen_US
dc.titleAfrica's integration and economic development: the journey so faren_US
dc.typeArticleen_US

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